KSH: Trade surplus revised down in June


Hungary had a trade surplus of €584.1mln in June, the Central Statistics Office (KSH) reported today, revising its first reading downwards from €609.7mln.

Imports came to €6.484 bln while exports reached €7.068 bln. The volume of imports grew by 9.3% from a year earlier, while the volume of exports rose 9.5%.

Imports in H1 exceeded €38.541 bln and exports amounted to €41.825 bln. Trade balance surplus totaled €3.284 bln.

Forint-term export prices edged up slightly by 0.1% in H1, and import prices were slightly down by 0.3%, while terms of trade improved by 0.4%. The forint depreciated against the currency euro by 3.7% and firmed by 0.7% against the American currency dollar.

In the machinery and vehicles segment, which accounts for about half of the total goods trade, exports and imports increased both by 9.0% in the first half.

In the manufacturing segment, exports rose 6.8% and imports were up by 10%.

Exports of food, tobacco and beverages showed an increase of 8.4% while imports grew 8.1%.

Energy imports rose 4.6% in volume terms while forint prices declined.


Lawmakers Approve No-fee Cashback Service Banking

Lawmakers Approve No-fee Cashback Service

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.