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.
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more