Hungary's foreign trade surplus widened by 76.4% y/y to EUR 482.4mn in January 2014, the statistics office said on April 2, revising up the preliminary estimate of EUR 461.4mn.
Exports grew by 3.1% y/y to EUR 6.62bn in the first month of 2013, while imports edged down by 0.2% y/y to EUR 6.14bn.
In terms of specific commodity groups, exports of machinery and transport equipment, which had a 52.7% share in total, expanded by 3.8% y/y to EUR 3.5bn. Exports of manufactured goods increased by 3% y/y and accounted for a third of the total (32.8%). Exports of food, beverages, tobacco as well as fuels and electric energy advanced by 9.6% y/y and 2% y/y, respectively. By contrast, exports of crude material exports were 19.1% lower on the year.
On the import side, manufactured goods advanced by 6.7% y/y. Imports of machinery and transport equipment, which was the most traded category in the period with a 44.4% share of total, increased by 4.7% y/y to EUR 2.73bn. Imports of food, beverages, tobacco and crude materials also increased in the month, while imports of fuels declined by 28.5% y/y in January 2014.
The country had a foreign trade surplus of EUR 7bn in 2013, up by 5.3% y/y. Exports and imports grew by 2.2% y/y and 1.9% y/y, respectively in the period.
| Foreign trade in January 2014, EUR mn | ||||
| Import | % y/y | Export | % y/y | |
| Total | 6,141 | -0.2 | 6,624 | 3.1 |
| Food, beverages, tobacco | 348 | 6.7 | 537 | 9.6 |
| Crude materials | 138 | 2.5 | 188 | -19.1 |
| Fuels, electric energy | 741 | -28.5 | 234 | 2.0 |
| Manufactured goods | 2,185 | 6.7 | 2,173 | 3.0 |
| Machinery and transport equipment | 2,729 | 4.7 | 3,493 | 3.8 |
| Source: KSH | ||||
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