Hungary's foreign trade surplus widened by 3% y/y to EUR 1.74bn in Q1 2013, the statistics office said, revising upwards the preliminary figure of EUR 1.7bn. Imports edged down by 0.3% y/y to EUR 18.2bn, while exports remained flat on the year at EUR 19.9bn.
In terms of specific commodity groups, imports of manufactured goods advanced by 3.3% y/y. Imports of fuel and electricity increased as well, while food, beverages, tobacco imports remained unchanged in annual comparison. Imports of machinery and transport equipment, which was the most traded category in the period with a 44% share of total, declined by 2.6% y/y to EUR 8bn.
On the exports side, manufactured goods, which have a 32.3% share in total, grew 5.4% y/y to EUR 6.4bn. By contrast, machinery and transport equipment decreased by 1.9% y/y but still accounted for more than half of the total (53.4%). Fuel exports declined by 12.8% y/y in the first three months of 2013. Food exports were 2% lower on the year.
In March alone, Hungary’s foreign trade surplus expanded by 33.1% y/y to EUR 784mn as exports dropped by 5.8% y/y, faster than imports decline of 2.6% y/y.
| Foreign trade in Q1 2013, EUR mn | ||||
| Import | % y/y | Export | % y/y | |
| Total | 18,171 | -0.3 | 19,911 | 0.0 |
| Food, beverages, tobacco | 955 | 0.0 | 1,504 | -2.0 |
| Crude materials | 428 | -8.8 | 662 | 0.3 |
| Fuels, electric energy | 2,478 | 0.0 | 686 | -12.8 |
| Manufactured goods | 6,313 | 3.3 | 6,427 | 5.4 |
| Machinery and transport equipment | 7,999 | -2.6 | 10,632 | -1.9 |
| Source: KSH | ||||
Related Articles
Hungary’s OTP books hefty Q1 profit despite government levies
The consolidated adjusted net profit of OTP Bank rose 126% year on year to HUF240.0bn (€620mn) with all foreign units posting profits, accounting for three-quarters of earnings. Hungary's ... more
Most Read
-
BRICS currency is coming soon, Iranian ambassador
10 hours ago
-
Turkey simply relabels Russian oil products and exports them to Europe, research indicates
2 days ago
-
Yandex parent closes Russia exit to focus on AI startups in Europe
2 days ago
-
#BREAKING: Iranian president missing in helicopter crash on Azerbaijan border, presumed dead
4 hours ago
-
The use of the ruble in EU trade settlements reaches a record $15.2bn in March
2 days ago
-
Ukraine’s strategy of hitting Russian oil refineries is working
9 days ago
-
US Secretary of State Blinken says Ukraine free to use US-made weapons to strike Russia
3 days ago
-
EBRD2024: EBRD expects Emerging Europe growth boost in 2024, but slightly lowers forecast
4 days ago
-
Live fish fall from the sky in Central Iran - video
14 days ago
-
Transit fee rivals Russia, Kazakhstan “happy” China-Kyrgyzstan-Uzbekistan railway not progressing
6 days ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 month ago
-
Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
17 days ago
-
The models are wrong, climate change is accelerating faster than predicted
24 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 month ago
-
BRICS announce a blockchain-based payment system to create a common currency
1 month ago