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Trade Surplus Confirmed at EUR 1.568 bln in June

Trade

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Hungary's trade surplus reached EUR 1.568 billion in June, widening from EUR 1.153 bln in May, the Central Statistical Office (KSH) said in a second reading of data on Friday.

Exports rose 12.6% year-on-year to EUR 13.565 bln. Imports decreased 4.1% to EUR 11.997 bln, falling for the third month in a row after climbing for over two years.

Hungary's terms of trade improved 5.4% as the forint firmed 6.6% to the euro and 8.9% against the dollar.

Trade with other European Union member states accounted for 77% of Hungary's exports and 71% of its imports during the month.

In January-June, Hungary's exports increased 11.5% year-on-year to EUR 77.449 bln, while imports rose 1.3% to EUR 73.086 bln. The trade surplus reached EUR 4.363 bln.

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