Study estimates Hungary as competitive exporter.

By bne IntelliNews May 27, 2010
The local economy remained competitive during the past several years, measured by export volume, economist Gabor Oblath from the Hungarian Academy of Sciences presented the results of a competitiveness survey by institute Kopint Konjunktura Research Foundation. Export prices, however, did not increase during the period while the upside to that was that low prices allowed the country to maintain or boost its share in the EU total imports. Oblath underlined that in terms of export volume, the competitiveness of the domestic economy strengthened under all criteria since the mid-90s till 2000, which was attributed to a substantial inflow of FDIs. On the other hand, he argued that this process led to a premature evolution of the economy structure to a relatively high share of the high-tech industry, which required a correction in the past ten years. As a result, Hungary lost some share in the imports of older EU Member States, especially after its EU accession and Oblath argued that this could be considered an indication for a decline in the country's competitiveness. In contrast, he pointed out that the reverse process was observed on the trade with other markets like neighbouring peer countries and non-EU countries, noting that the structure of Hungarian exports was likely affected by the accession.

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