Exports slipped 1.7% year-on-year to EUR 11.294 bln, falling for the first time in close to two years. Imports dropped 18.7% to EUR 10.629 bln, declining for the fifth month in a row.
Trade with other European Union member states accounted for 77% of Hungary's exports and 70% of its imports during the month.
Hungary's terms of trade improved 11% during the period as the forint firmed 4.2% to the euro and 11% against the dollar.
In January-August, Hungary's exports increased 8.9% year-on-year to EUR 100 bln, while imports fell 3.2% to EUR 94.413 bln. The trade surplus reached EUR 5.586 bln.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
