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KSH: Hungary’s trade surplus comes to €455 mln, up y.o.y.

Figures

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Hungaryʼs trade surplus was €455 mln in August, up €21 mln compared to the same period a year earlier, however, revised down from €459 mln in the first estimate, Hungary’s Central Statistical Office (KSH) reported today in a second estimate.

The export volume saw a growth of 6.6% at €6.5 bln and the import volume saw an increase of 7% at €6.1 bln in year-on-year terms, according to data released by KSH.

In year-on-year terms, the volume of machinery and transport equipment rose by 8.1% in exports and by 10% in imports, with the volume being dominated in both directions by power generating machinery and equipment as well as electrical machinery, apparatus and appliances, KSH reported.

KSH data suggest that the export and import volumes of manufactured goods were up 6.8% and 8.6%, respectively, while the import volume of fuels and electric energy decreased by 6.5%. The export and import volumes of food, beverages and tobacco increased by 5.4% and 7.7%, respectively, KSH said.

In the period of January-August, the surplus on the trade balance increased by €1.21 trillion and amounted to €5.3 bln, KSH said.

The forint price level of external trade in goods decreased by 0.5% in exports and by 1.0% in imports, while the forint exchange rate hardly changed against the euro and depreciated by 23% against the dollar, in the period. The terms of trade improved by 0.5%, KSH said.

Exports to EU member states rose 9.4% in volume, while the volume of imports rose by 9.0%, KSH data reveal. In extra-EU trade, the volume of exports grew by 3.8% and that of imports by 0.4%, KSH said, adding that the deficit on the balance of trade with this group of countries was €163 mln.

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