Hungary's external trade surplus up by 144% y/y in August.

By bne IntelliNews October 8, 2010
Hungary's external trade posted a EUR 392mn surplus in August, surging 143.8% y/y, the preliminary figures published by the statistics office (KSH) showed. The improvement of the foreign trade position continued during the month on the back of strong exports, which posted record high growth rate of 35% y/y. The growth notably accelerated from 17.7% y/y posted in the previous month, corresponded to economic recovery in the EU countries. Imports also witnessed sizable growth of 30.7% y/y in August, speeding up from 20.8% y/y in July. Consequently, imports expanded for an eighth consecutive month, signaling for picking up in domestic demand. In cumulative terms, the foreign trade surplus reached EUR 3.5bn for the Jan-Aug period, surging by 68% y/y. Exports rose by 22.1% y/y for the period while imports were up by 19.4% y/y. The statistics office is due to publish the detailed foreign trade data for the 8-month period on Nov 2.

Hungary's external trade surplus up by 144% y/y in August.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss