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Hungary July trade surplus revised down to 3.03 million euros

Hungary July trade surplus revised down to 3.03 million euros

Hungary’s July trade surplus was revised downwards to 303 million euros in a second reading of data released by the Central Statistical Office (KSH) on Monday.

In the first reading, published on September 8, KSH had put the July surplus at 322 million euros.

Imports rose an annual 11.3 percent to 7.282 billion euros. Exports were up 5 percent at 7.585 billion euros.

Imports of machinery and transport equipment rose 9.5 percent and food,

drink and tobacco imports climbed by 16 percent while energy imports were down 6.4 percent. Imports of manufactured goods were up 9.2 percent.

Exports of machinery and transport equipment fell by 1.4 percent, food, drinks and tobacco exports increased by 8.7 percent and energy exports were up by 9.0 percent. Exports of manufactured goods rose 6.3 percent.

Trade with other European Union member states accounted for 79 percent of Hungary’s exports and 78 percent of the country’s imports.

For January-July, Hungary’s trade surplus reached 5.134 billion euros, down from 6.117 billion euros in the same period a year earlier. Imports were up 12.4 percent at 53.441 billion euros and exports rose 9.2 percent to 58.575 billion euros.

Source: MTI

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