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Hungary’s trade surplus reaches €929m in March 2015

Hungary’s trade surplus reaches €929m in March 2015

BUDAPEST: Hungary saw a €929 million trade surplus in March, with exports rising by a y.o.y. 13% to €8.257 billion and imports rising by a y.o.y. 9.8% to €7.327 billion, the Central Statistics Office (KSH) confirmed in a second reading of data this morning.

The surplus on the trade balance was €289 million more than in the same period a year earlier and amounted to €929 million, KSH added.

Export of Machinery and transport equipment rose by 17%, while imports saw an increase of 12%. Export of manufactured goods was up 8.8%, while import volume grew by 12%. Import volume of fuels and electric energy saw a decrease of 6.5%. The export and import volumes of food, beverages and tobacco increased by 8.0% and 11%, respectively.

Hungaryʼs exports to other European Union member states reached €17.646 billion in January-March. Exports to non-EU countries came to €4.642 billion. The country had a €2.500 billion trade surplus with other EU members and a slight €14 mln deficit with non-EU countries.