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.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss