Hungary's foreign trade surplus surges 76.4% y/y in Jan 2014 - revised data.

By bne IntelliNews April 3, 2014

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        

Related Articles

Croatian central bank approves sale of Splitska Banka to Hungarian OTP’s Croatia unit

The Croatian central bank (HNB) council has approved the sale of a 100% stake in Croatia's Splitska Banka to Hungarian lender OTP Banka’s Zadar-based Croatian unit OTP banka d.d., ... more

Controversial NGO bill enters Hungarian parliament

Hungarian MPs began to debate the controversial bill on the transparency of foreign-funded NGOs in parliament on April 19.  The Fidesz-supported bill recommends that NGOs that receive at ... more

Brussels reportedly demands Hungary revoke contracts handed to IT system for EU funds

The EU has found irregularities regarding a series of contracts signed by the Hungarian state for IT systems responsible for the tendering and distribution of EU funds for the 2007-13 budgetary ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss