KSH: Hungary’s trade surplus up to €989 mln in April

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Exports of vehicles and machinery helped Hungaryʼs external trade surplus grown by €558 million to €989 mln in April, as compared to the same month a year earlier, Hungary’s Central Statistical Office (KSH) reported today in a second estimate of a first release of data.

The export volume was up by 8.8% and the import volume grew by 3.9%, amounting to €8 billion and €7.0 bln, respectively, in April as compared to the same month a year earlier, according to KSH. In euro terms, exports increased by 5.2 % and imports decreased by 2.2%, KSH added. 

In April, the volume of machinery and transport equipment grew by 10.5% in exports and 1.2% in imports, while the export and import volumes of manufactured goods were up by 9.1% alike, KSH said. The import volume of fuels and electric energy fell by 7.3%, and the export volume of food, beverages and tobacco decreased by 1.6% and their import volume increased by 10.3%, KSH added.

The volume of exports to EU member states grew by 11.0% and that of imports by 5.9%, while the share of the trade with these countries was 80% in exports and 79% in imports, according to data by KSH.

In extra-EU trade, the volume of exports increased by 0.2%, while that of imports decreased by 2.7%. The balance of trade with this group of countries was €104 mln, €185 mln more.

In the period of January-April, the external trade surplus was up by €436 mln to €3.4 bln, with the value of exports amounting to EUR 30.6 bln and that of imports to €27.2 bln.

As compared to the same four month a year earlier the volume of exports increased by 4.5% and that of imports by 5.5%, KSH said.

The forint price level of external trade in goods decreased by 0.3% in exports and by 2.6% in imports, KSH reported, adding that the terms of trade improved by 2.4%. The forint exchange rate depreciated by 1.7% against the euro and by 2.1% against the dollar, according to KSH.

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