Photo: wikipedia

Trade surplus at EUR 1.089 billion in May

Hungary's trade surplus reached 1.089 billion euros in May, widening from 366 million euros in April, the Central Statistical Office (KSH) said in a first reading of data on Monday.

Exports rose by an annual 5.2 percent to 12.879 billion euros, a moderate increase, as in April, following a year of double-digit growth. Imports decreased by 5.4 percent to 11.790 billion euros, falling for the second month in a row after climbing for over two years.

Trade with other European Union member states accounted for 77 percent of Hungary’s exports and 69 percent of its imports during the month.

In January-May, Hungary’s exports increased by an annual 10.5 percent to 63.415 billion euros, while imports rose by 2.5 percent to 60.906 billion euros. The trade surplus reached 2.509 billion.

Leave a Reply