Jan trade surplus in line with expectations

Pharma

Fresh data showing Hungary ran a trade surplus of HUF 423.5 million in January came as little surprise to analysts.

The preliminary data published by the Central Statistics Office early on Friday show exports came to €6.253 billion and imports reached €5.830 billion.

Zoltán Árokszállási of Erste said the surplus was a hair under the €425 million estimate and noted that imports rose at a slightly faster rate than exports. He added that this year's trade surplus was likely to be larger than last year's.

TakarékBank's Gergely Suppan also said the January surplus was a bit less than expected, but added that the export dynamic would improve because of the better outlook for the Germany economy, Hungary's biggest export market, and new automotive industry capacity that is about to go online.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.