• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Hungary trade surplus falls to EUR 577 m in MayHungary trade surplus falls to EUR 577 m in MayHungary trade surplus falls to EUR 577 m in MayHungary trade surplus falls to EUR 577 m in May
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • NATO will kick out Hungary for sacking ‘NATO friend officers’ from the Hungarian military?

Support us
Alexandra Béni Alexandra Béni · 10/07/2018
· Business

Hungary trade surplus falls to EUR 577 m in May

economy European Union money statistics
statistics graph arrow

Hungary posted a trade surplus of 577 million euros in May 2018, down by 245 million from the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data on Tuesday.

Exports fell by an annual 0.1 percent to 9.058 billion euros, while imports rose by 2.9 percent to 8.481 billion.

KSH noted the impact that in May 2018 there was one less working day than in May 2017.

Fully 81 percent of exports and 77 percent of imports were traded with other European Union member states.

For January-May, exports were up an annual 4 percent at 43.793 billion euros, while imports rose by 5.9 percent to 40.592 billion.

The trade surplus in the first five months of the year was 3.201 billion euros, down by 571 million from the same period last year.

Gergely Suppán of Takarékbank said the foreign trade surplus had shrunk by more than expected as exports basically stagnated while imports were up because of strong domestic demand.

The trade surplus for the year is likely to be lower than 2017, he added.

Erste Bank analyst Orsolya Nyeste also noted the smaller-than-expected surplus, saying this could turn into a recurring feature in the coming months.

Source: MTI

economy European Union money statistics
Share
Alexandra Béni
Alexandra Béni

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What happened today in Hungary? – 4 February, 2023
  • ASTONISHING VIDEO of the renewed castle of the ‘Greatest Hungarian’, Count Széchenyi
  • VIDEO, PHOTOS: Brutal windstorm in Hungary, buildings collapsed, trees uprooted, traffic disastrous
  • Debrecen’s new battery plant will have brutal high water consumption?
  • MEP Gyöngyösi: The EU must support Ukraine in guaranteeing minority rights
  • Want to learn Hungarian? Here are the best apps!
  • What will the Russians say? Hungarian military to start drills in Tallinn next week
  • This is why Hungary attracts German pensioners

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V