export import KSH trade surplus

Hungary Trade Volume Contracts in January

MTI-Hungary Today 2021.03.11.

Hungary’s trade volume contracted in January after expanding in the previous months, the Central Statistical Office (KSH) said on Thursday.

In a first reading of data, KSH said exports fell by 5.5 percent to 8.755 billion euros, after rising for four months in a row. Imports dropped by 10.4 percent to 7.925 billion euros, after two months of increases, KSH said.

The trade surplus came to 830 million euros for the month.

Hungarian Tourism Industry Loses HUF 1 Trillion in 2020

In 2020, the spending of foreigners in Hungary fell to just over half compared to the previous year, economic site G7 writes. This means that at least HUF 1 trillion (EUR 2.7 billion) less was left in the country. This deficit had serious ramifications on the economy, as the tourism sector is still struggling for […]Continue reading

KSH will publish a second reading of the data on March 29.