Hungary's foreign trade surplus widens 1.3% y/y in Jan-Sep 2013 - revised data.

By bne IntelliNews December 4, 2013

Hungary's foreign trade surplus widened by 1.3% y/y to EUR 5.4bn in January to September 2013, the statistics office said, revising slightly down the preliminary figure of EUR 5.41bn. Exports grew by 1.6% y/y to EUR 60.87bn, slightly slower than the imports’ growth of 1.7% y/y to EUR 55.47bn.

In terms of specific commodity groups, exports of manufactured goods, which have a 32.3% share in total, expanded by 5.4% y/y to EUR 19.67bn. Machinery and transport equipment increased by 1.6% y/y and accounted for more than half of the total (53.2%). By contrast, fuel exports declined by 12.8% y/y in January to September 2013. Food and crude material exports were 1.4% and 8% lower on the year, respectively.

On the import side, manufactured goods advanced by 4.4% y/y. Imports of machinery and transport equipment, which was the most traded category in the period with a 45.5% share of total, increased by 1.2% y/y to EUR 25.23bn. Among groups with lower weight, imports of food, beverages, tobacco increased in the first nine months of 2013, while imports of crude materials and fuels declined.

In September alone, Hungary’s foreign trade surplus widened by 16.1% y/y to EUR 830.3mn as exports rose by 7.2% y/y while imports grew at the slower rate of 6.2% y/y.

Foreign trade in Jan-Sep 2013, EUR mn 
  Import % y/y Export % y/y
Total 55,474 1.7 60,872 1.6
Food, beverages, tobacco 2,871 2.4 4,830 -1.4
Crude materials 1,290 -7.1 1,879 -8.0
Fuels, electric energy 6,869 -2.2 2,092 -12.8
Manufactured goods 19,216 4.4 19,658 5.4
Machinery and transport equipment 25,229 1.2 32,413 1.6
Source: KSH        

Related Articles

Poland isolated again as it threatens to block EU declaration

Poland will not sign the Rome Declaration if its demands for moulding the EU’s future are not reflected in the document, Prime Minister Beata Szydlo threatened on March 23. The statement could ... more

Hungarian referendum on nuclear deal with Russia rejected

The expansion of the Paks nuclear power plant will be Hungary's “biggest political error of the 21st century” claimed Bernadett Szel, leader of the small opposition party LMP, on March 22, as she ... more

Hungary finally joins the negative yield club

Hungary finally joined the negative yield club on March 21 as Government Debt Management Agency AKK  accepted a bid of -0.01% at an auction of 3-month T-bills. Hungarian yields have been on ... 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