Hungarys foreign trade surplus up by 48.2% y/y in Jan-Nov.

By bne IntelliNews February 3, 2011
Hungarys foreign trade surplus soared by 44% y/y to of HUF 1.398tn, while in terms of euro, it surged by 48.2% y/y to EUR 5.093bn in January-November, statistics office data showed. The volume of exports climbed by 18.5% y/y to HUF 18.083tn, while import increased by a slightly slower 16.8% y/y to HUF 16.685tn for the eleven-month period. The growth rates in euro were 21% y/y to EUR 65.7bn for exports and 19.1% y/y to EUR 60.6bn for imports. The value of exports in local currency slightly exceeded the pre-crisis level two years earlier, while that of imports still has not reached it, the statistics office said. In terms of specific sectors, the export and import volume of machinery and transport equipment grew by approximately 20% y/y each; of manufactured goods by 14% y/y and 12% y/y, respectively; and of food, beverages and tobacco by 11% y/y and 4% y/y, respectively. Within the EU, export and import volume increased by 16% y/y and 15% y/y, respectively.

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