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KSH: Hungary’s January trade surplus jump to €709 mln

Figures

Hungary’s trade surplus revised upwards to €709 mln in January, up from the €691 mln of the first reading released March 11, the Central Statistics Office (KSH) today revealed in a second reading of data.

In year-on-year terms, the surplus increased by €202 mln, while exports increased by 3.7%, reaching €6.84 bln, and imports were also up 0.7%, reaching €6.13 bln.

KSH said that the increase in the volume of machinery and transport equipment was 11% in exports and 10% in imports. Export and import volumes of manufactured goods were up by 6.9% and 5.9%, respectively. 

Import of fuels and electric energy – along with a price decrease in HUF terms – was 13% lower, while export volumes of food, beverages and tobacco increased by 0.4% and their import volume fell by 2.3%.

Regarding European Union members, export and import volumes grew by 7.6% and 7.7%, respectively. The surplus on our trade was €23 mln more, €795 mln (HUF 252 billion). The share of EU member states was 80% in exports and 76% in imports.

In extra-EU trade, the volume of exports grew by 6.9% and that of imports increased by 0.2%. The deficit in relation with this group of countries was €179 mln less, €86 mln.

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