Trade Surplus at EUR 1.58 bln in November

Trade

Image by Pixabay

Hungary's trade surplus reached EUR 1.58 billion in November, widening from EUR 1.003 bln in the previous month, the Central Statistical Office (KSH) said in a second reading of data this week. 

Exports slipped 3.1% year-on-year to EUR 12.983 bln. Imports dropped 23.2% to EUR 11.404 bln, the steepest decline in more than three years. 

Trade with other European Union member states accounted for 77% of Hungary's exports and 75% of its monthly imports. Hungary's terms of trade improved 9.8% during the period as the forint strengthened 6.9% against the euro and 12% to the dollar. 

For January-November 2023, Hungary's exports rose 5.6% to EUR 138.619 bln, and imports fell 7.9% to EUR 129.11 bln. The trade surplus reached EUR 9.509 bln.

ADVERTISEMENT

Insurers' Premiums Revenue Climbs 5% in 2023 Figures

Insurers' Premiums Revenue Climbs 5% in 2023

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.