External trade surplus up to EUR 633 mln in January

Figures

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Hungary’s external trade surplus was up by EUR 16 million to EUR 633 mln in January, compared to the corresponding month a year earlier, the Central Statistical Office (KSH) said in a second estimate of data today.

The export volume increased by 10.8% and the import volume by 10.1% in January, in year-on-year terms. On the basis of seasonally and working day-adjusted data, the export volume increased by 5.3% and the import volume by 4.2%.

In euro terms, the value of exports increased by 14.0%, and that of imports by 15.2%. The value of exports amounted to EUR 7.7 billion, and that of imports to EUR 7.1 bln.

The forint price level of external trade in goods increased by 1.2% in exports and by 2.8% in imports, the KSH said concerning the January data. The terms of trade worsened by 1.6%. The forint exchange rate appreciated by 1.8% against the euro, and depreciated by 0.4% against the dollar.

The volume of exports to EU member states increased by 9.6%, and that of imports from these countries by 8.7%. The surplus in trade with EU member states increased by EUR 113 mln and amounted to EUR 966 mln. The share of trade with these countries was 80% in exports and 74% in imports, according to the KSH.

In extra-EU trade, the volume of exports increased by 15.9% and that of imports by 14.4%. The trade balance with this group of countries worsened by EUR 97 mln and showed a deficit of EUR 333 mln, the KSH added.

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