Hungary's foreign trade surplus widens 3% in Q1 2013 - revised data.

By bne IntelliNews June 4, 2013

Hungary's foreign trade surplus widened by 3% y/y to EUR 1.74bn in Q1 2013, the statistics office said, revising upwards the preliminary figure of EUR 1.7bn. Imports edged down by 0.3% y/y to EUR 18.2bn, while exports remained flat on the year at EUR 19.9bn.

In terms of specific commodity groups, imports of manufactured goods advanced by 3.3% y/y. Imports of fuel and electricity increased as well, while food, beverages, tobacco imports remained unchanged in annual comparison. Imports of machinery and transport equipment, which was the most traded category in the period with a 44% share of total, declined by 2.6% y/y to EUR 8bn.

On the exports side, manufactured goods, which have a 32.3% share in total, grew 5.4% y/y to EUR 6.4bn. By contrast, machinery and transport equipment decreased by 1.9% y/y but still accounted for more than half of the total (53.4%). Fuel exports declined by 12.8% y/y in the first three months of 2013. Food exports were 2% lower on the year.

In March alone, Hungary’s foreign trade surplus expanded by 33.1% y/y to EUR 784mn as exports dropped by 5.8% y/y, faster than imports decline of 2.6% y/y.

Foreign trade in Q1 2013, EUR mn 
  Import % y/y Export % y/y
Total 18,171 -0.3 19,911 0.0
Food, beverages, tobacco 955 0.0 1,504 -2.0
Crude materials 428 -8.8 662 0.3
Fuels, electric energy 2,478 0.0 686 -12.8
Manufactured goods 6,313 3.3 6,427 5.4
Machinery and transport equipment 7,999 -2.6 10,632 -1.9
Source: KSH        

Related Articles

Czech CPI buys huge Central European retail portfolio

Czech real estate investor CPI Group has bought a large portfolio of Central European retail assets, local media reported on January 17. The investor, which has grown its holdings rapidly since ... more

Chinese fund to buy Hungarian telco Invitel

Central European private equity group Mid Europa Partners has agreed to sell Hungarian broadband and telephone provider Invitel to China CEE Investment Co-operation Fund. The deal values ... more

OTP’s Croatian subsidiary to buy Splitska Banka

The Croatian subsidiary of Hungary’s OTP Bank has signed an agreement to buy Splitska Banka, owned by the French Société Générale Group, OTP announced on December 21. Hungary’s largest ... 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