Hungary's Jan-May foreign trade surplus widens 9.1% y/y - prelim data

By bne IntelliNews July 10, 2013

Hungary's foreign trade surplus increased by 9.1% y/y to EUR 3.11bn in January to May 2013, preliminary data of the statistics office showed. Both exports and imports grew in the period with exports rising by 1.8% y/y to EUR 33.66bn, faster than imports' growth of 1.1% y/y to EUR 30.56bn.

In May alone, the trade surplus declined by 10.4% y/y to EUR 653.2mn.

Exports decreased by 1.9% y/y to EUR 6.9bn, reversing from a 11.7% y/y rise in April. Imports edged down by 0.9% y/y in May after a 7.6% y/y rise in the previous month.

The statistics office will publish detailed foreign trade data on August 2, 2013.

Related Articles

Hungarian opposition parties seek explanation for secret admission of asylum seekers

Despite its all-out attacks on the EU’s refugee quotas, Viktor Orban's government secretly gave permission for the admission of the same number of asylum seekers to the country in 2017 as ... more

Hungarian president sets date for parliamentary election

President Janos Ader has set April 8 as the date of Hungary's general election, it was announced on January 11. This is the earliest possible Sunday that the ballot can be held under the law. The ... more

Hungarian government backtracks from collecting fines from opposition parties before election

The Economy Ministry on January 10 asked the tax authority to delay collecting fines from opposition parties imposed by the state auditor ASZ to ensure that their pre-election budgets and campaign ... more

Dismiss