Good news: export and import grew in Hungary in March

Hungarian economy GDP export import in march
Photo: FB/Péter Szijjártó

Hungary had a EUR 1.768bn trade surplus in March, data released by the Central Statistics Office (KSH) on Wednesday show.

Exports climbed 8.5pc year-on-year to EUR 13.386bn. Imports rose 8.1pc to EUR 11.618bn. Trade with other European Union member states accounted for 74pc of Hungary’s exports and 72pc of its imports during the month. Hungary’s exports to the rest of the world increased 18pc, while imports from those countries expanded 10pc, KSH noted.

Hungary’s terms of trade improved 1.8pc during the period as the forint weakened 1.1pc against the euro and 1.7pc to the dollar. For the period January-March, Hungary’s trade surplus reached EUR 3.924bn. Exports increased 2.9pc to EUR 37.636bn and imports rose 3.1pc to to EUR 33.711bn.

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