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Hungary trade surplus reaches EUR 959 million in May

Hungary trade surplus reaches EUR 959 million in May

Hungary’s trade surplus reached 959 million euros in May, the Central Statistical Office (KSH) said in a second reading of data on Tuesday.

The surplus was revised upward from 913 million euros in the first reading of the data, released on July 7.

Imports rose by 18.7 percent to 8.102 billion euros. Exports went up by 19.7 percent to 9.061 billion euros, KSH said.

Exports of machinery and transport equipment increased by 17.1 percent, food exports climbed by 22.1 percent and exports of manufactured goods went up by 20.4 percent.

About 79 percent of exports went to other European Union members states.

Energy imports were up by 45.0 percent during the period.

Hungary’s terms of trade worsened 1.2 percent in May from the same month a year earlier as the forint firmed 1.5 percent to the euro but weakened 0.9 percent against the dollar.

Source: MTI

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