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 retail investors continue to pile into domestic government bonds

The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more

Hungary to issue euro bonds after six years

Hungary’s Government Debt Management Agency AKK announced on September 26 that it plans to issue 10-year Eurobonds to refinance high-interest dollar bonds maturing soon. The agency mandated BNP ... more

South Africa’s NEPI acquires shopping malls in Hungary, Bulgaria for €528mn

South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more