Hungary's foreign trade surplus widens 11.1% y/y in Jan-April 2014 - revised data

By bne IntelliNews July 4, 2014

Hungary's foreign trade surplus widened by 11.1% y/y to EUR 2.56bn in the first four months of 2014, the statistics office said, revising only marginally the preliminary estimate, published on June 6. Exports grew by 4.6% y/y to EUR 27.9bn in Jan-April 2014, while imports grew at the slower pace of 4% y/y to EUR 23.35bn.

In terms of specific commodity groups, exports of machinery and transport equipment, which had a 53.9% share in total, expanded by 5.9% y/y to EUR 15bn. Exports of manufactured goods increased by 4.4% y/y and accounted for a third of the total (32.4%). Exports of food, beverages, tobacco advanced by 7.6% y/y. By contrast, exports of crude material as well fuels and electric energy declined by 11.7% and 5.3% y/y, respectively.

On the import side, manufactured goods advanced by 7.1% y/y. Imports of machinery and transport equipment, which was the most traded category in the period with a 45.4% share of total, increased by 6.4% y/y to EUR 11.5bn. Imports of food, beverages, tobacco were up by 8.1% y/y as well, while imports of crude materials edged down by 0.8% y/y in the period. Finally, imports of fuels declined by 12.7% y/y in Jan-Apr.

In April alone, Hungary's foreign trade surplus narrowed by 6.6% y/y to EUR 629mn as exports rose by 3.1% y/y, while imports were up by 4.2% y/y.

Foreign trade in Jan-Apr 2014, EUR mn 
  Import % y/y Export % y/y
Total 25,345 4.0 27,903 4.6
Food, beverages, tobacco 1,338 8.1 2,188 7.6
Crude materials 580 -0.8 766 -11.7
Fuels, electric energy 2,816 -12.7 878 -5.3
Manufactured goods 9,097 7.1 9,036 4.4
Machinery and transport equipment 11,514 6.4 15,035 5.9
Source: KSH        

Related Articles

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Hungary's MOL strikes licensing deals essential to $1.9bn petrochemical expansion ambitions

Hungary's MOL announced on July 20 that it has struck licensing deals with Germany's Evonik Industries and Thyssenkrupp that will be essential in its plan to roll out a $1.9bn investment in ... more

Dismiss