KSH: The foreign trade surplus in services was 2.7 billion euros in the fourth quarter
In the fourth quarter of 2024, exports of services in euros increased by 0.4 percent, while imports decreased by 1.6 percent compared to the same period of the previous year. The surplus was 2.7 billion euros, 137 million euros more than in the fourth quarter of 2023, the Central Statistical Office (KSH) reported.
Compared to the previous quarter, the value of exports was 11 percent less, and that of imports was 4.9 percent less, which means a balance decrease of 819 million euros, the KSH added.
In the fourth quarter of last year, the value of exports was 8.8 billion euros (3.6 thousand billion forints), and that of imports was 6.2 billion euros (2.5 thousand billion forints). The surplus of foreign trade in services amounted to 2.7 billion euros (1.1 thousand billion forints).
Among the service groups, tourism contributed 833 million euros, transport services 653 million, and business services 641 million euros to the surplus.
Hungary exported 64 percent of its services and 74 percent of its imports to the European Union, resulting in a surplus of 1.1 billion euros.
Germany remained the most important partner, accounting for 20 percent of total trade. The United States came in second and Austria third, accounting for 8.1 and 7.1 percent of trade in services, respectively.
Related news
The outlook continued to improve in October, with the GKI business climate index reaching a thirteen-month high
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Analyst commentary: when is an interest rate cut expected?
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >HIPA: new rules come into effect in the support system awarded through individual government decisions
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The 2025 Sustainable Future Awards were presented: the most outstanding sustainable companies and leaders of the year were recognized
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Pink trucks and contemporary artists and influencers set hope in motion
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >AgriTech InnoExpo 2025 – where innovation meets nature
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >
