Analysts: the decline in exports is temporary
According to analysts interviewed by MTI the decline in June exports is temporary, there is a significant annual increase in the trade surplus. The experts noted that the country's external trade performance will positively influence GDP growth.
According to an initial estimate of the Central Statistical Office (KSH) published on Thursday, the value of exports in euros declined by 5.2 percent, while the imports decreased by 6.0 percent in July, compared to the same month of last year. The trade surplus increased by 24 million euros to 662 million euros. (MTI)
Related news
KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent…
Read more >The situation and prospects of Hungarian mushroom cultivation: innovation and sustainability in the sector
Hungarian mushroom growing is one of the special and outstanding…
Read more >Road to “economic neutrality”: service exports
Analysts regularly deal with Hungary’s foreign trade balance and its…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >