Hungary's foreign trade surplus surges 76.4% y/y in Jan 2014 - revised data.
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
Hungarian trucker Waberer’s seeks valuation of €350mn in IPO
Hungarian trucking company Waberer’s said on June 19 that it is seeking a market capitalisation of up to €350mn as it issued a pricing range for its IPO on the Budapest Stock Exchange. The ... more
Slovak PM says no pledge made on EU migrant quotas
Slovakia has made not offered the European Commission a pledge to take part in the migrant quota scheme, Prime Minister Robert Fico suggested to parliament on June 15. The statement comes shortly ... more
Germany and Gazprom question need for EU talks on Nord Stream 2
A joint EU mandate to discuss the operating rules that would apply to Russia's planned Nord Stream 2 gas pipeline is not necessary, Angela Merkel said on June 15. Russian state-controlled ... more
Most Read This Week
- VISEGRAD: The strange death of Social Democratic Czechia
- MACRO ADVISER: Russia's Asian pivot starts to pay off
- Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
- BEAR MARKET BRIEF: Can IT revive Russia’s economy?
- KRUK REPORT: New language laws are not the next Ukrainian powder keg
Selected articles from our premium news/views
wire
IntelliNews
Pro
IntelliNews- VW agrees wage hike to end strike at Slovak plant
- Russia's "church bank" Peresvet bailed in by Rosneft's bank
- SpaceX successfully launches Bulgaria’s first geostationary communications satellite
- Turkey dismisses idea of closing Qatar military base despite Arab nations' demands
- Bishkek, Skopje cheapest cities for expats says new survey
- More from IntelliNews Pro