A second estimate of data for the external trade in goods released by the Central Statistical Office (KSH) on Thursday revised Hungaryʼs August trade surplus slightly upwards, to €458 million. In the first eight months of 2017, the external trade surplus was €5.6 billion.
In the first reading, published on October 9, the KSH put the August surplus at €440 million.
In August 2017, the export volume increased by 7.3%, and the import volume by 9.5%. On the basis of calendar-adjusted data, the export and import volumes increased by 7.7% and 10%, respectively.
The value of exports in August amounted to €7.94 bln, up 10.2% year-on-year, and the value of imports to €7.48 bln, up 12.6%.
Calculated at prices in August of the previous year, the export and import volumes of food, beverages and tobacco grew by 10% and 8.2%, respectively. Imports of vegetables and fruit increased by more than one-tenth due to growth in imports of bananas and seasonal fruits.
The volume of total exports to EU member states increased by 7.7%, while the volume of imports from these countries rose by 7.1%. The surplus in trade with the EU thus increased by €85 mln to €605 mln. The share of trade with these countries was 79% in exports and 76% in imports.
In extra-EU trade, the volume of exports increased by 5.4% and that of imports by 18%. The trade balance with this group of countries thus worsened by €186 mln, showing a deficit of € 147 mln.
In January–August 2017, the value of total exports amounted to €66.5 bln, and that of imports to €60.9 bln. In the first eight months compared to the corresponding period of the previous year, the volume of exports was up by 6.4% and that of imports by 8.7%.
Source: bbj.hu
