Tourists in Budapest – Photo: wikipedia

Trade in services surplus reaches EUR 2.116 billion in Q2

Hungary had a 2.116 billion euro surplus in trade of services in the second quarter, widening from 1.578 billion euros in the same period a year earlier, data released by the Central Statistical Office (KSH) on Tuesday show.

Exports of services increased by 29.8 percent to 6.860 billion euros during the period. Imports of services rose by 28.0 percent to 4.744 billion euros.

KSH attributed most of the increase in the surplus to a 278 million euro improvement in the surplus of logistics services and a 269 million euro increase in the surplus of tourism services.

In a quarter-on-quarter comparison, exports of services increased by 19.5 percent and imports by 9.7 percent. The surplus widened by 697 million euros from the first quarter.

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