Significant increase in Hungarian trade surplus: latest data encourages economic growth

The Central Statistical Office (KSH) said in a first reading of data released on Monday that Hungary had a 1.1 billion euros trade surplus in June, widening from 1.0 billion in May.

Exports fell by an annual 10 percent to 12.2 billion euros (HUF 4,802 billion), KSH says. Imports dropped by 7.8 percent to 11.1 billion euros (HUF 4,370 billion).

Month on month, exports were up 1.9 percent, while imports rose by 1.3 percent.

Trade with other European Union member states accounted for 76 percent of Hungary’s exports and 72 percent of its monthly imports.

The balance of the external trade in goods was EUR 1.1 billion (HUF 432 billion).