Trade surplus declines in April
In euro terms, exports increased by 10.7% and imports by 15.7% in April 2018 compared to the same month of the previous year, according to a first, flash estimate of data for the external trade in goods from the Central Statistical Office (KSH).
The KSH noted that trade was influenced by the fact that there were two more working days in April 2018 than in April 2017.
In April 2018, the value of exports amounted to just under EUR 8.6 billion, and that of imports to EUR 8.06 bln. The trade surplus thus totaled EUR 536 million, declining by EUR 263 mln year-on-year.
The share of European Union Member States was 81% in exports and 76% in imports.
In January–April 2018, the value of exports amounted to EUR 34.7 bln, up 5.1% compared to the first four months of 2017, and that of imports to just under EUR 32.1 bln, up 6.7%. The trade surplus thus totaled some EUR 2.6 bln, declining by EUR 308 mln year-on-year.
A second, more detailed estimate of data for the external trade in goods in April 2018 will be published on July 3.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.
