Trade with Other EU States Accounted for 77% of Hungary’s Exports, 70% of its Imports
- 10 Oct 2023 12:44 PM
- Hungary Matters
Hungary’s trade surplus reached 708 million euros in August, widening from 559 million euros in the previous month, the Central Statistical Office (KSH) said in a first reading of data.
Exports slipped by 1.5% year-on-year to 11.314 billion euros, falling for the first time in close to two years. Imports dropped by 18.9% to 10.606 billion euros, declining for the fifth month in a row.
Trade with other European Union member states accounted for 77% of Hungary’s exports and 70% of its imports during the month.
In January-August, Hungary’s exports increased by 8.9% year-on-year to 100.020 billion euros, while imports fell by 3.2% to 94.390 billion euros.
The trade surplus reached 5.630 billion euros.
Full report available here
Budget Deficit Narrows to HUF 3,264.9 Billion in September
Hungary’s cash flow-based budget deficit narrowed to 3,264.9 billion forints (EUR 8.4bn) at the end of September on a surplus of 33.7 billion forints for the month, the finance ministry said in a first release of data.
The central budget deficit reached 3,266.0 billion forints at the end of September and the social security funds were 135.7 billion forints in the red. Separate state funds had a 136.7 billion forint surplus.
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