KSH: Hungary’s February trade surplus revised downwards to €848 mln

The surplus was €41 mln over the surplus recorded in February 2014. Exports increased 6% to €7.2 bln. Imports were up 6.1% at €6.3 bln.

KSH said that the increase in the volume of machinery and transport equipment was 12% in exports and 9% in imports. The export volume of road vehicles grew by about one fourth, while their import volume hardly exceeded last February’s levels, KSH said. The import volume of telecommunications and sound recording and reproducing apparatus and equipment rose by more than one tenth, first of all due to the increased imports of TV- and mobile phones spare parts, the office added.

According to KSH, the export and import volumes of manufactured goods were up by 6.8% and 12%, respectively. The exports and imports of medicinal and pharmaceutical products, having the highest proportion in this commodity group, grew by one fifth and two fifths, respectively, KSH said. The import volume of fuels and electric energy – along with a price decrease in HUF terms – was 5.9% lower, KSH said, adding that this is due to the more than one fourth drop in the import volume of natural and manufactured gas having a one third proportion.

The export and import volumes of food, beverages and tobacco increased by 2.5% and 11%, respectively, KSH said. The exports of dairy products and eggs and feeding stuff of animals grew by more than one tenth, while the exports of live animals, tobacco and tobacco goods, which comprise a smaller proportion, dropped significantly, the office said.