Hungary’s exports continue to be driven by machinery and industrial products sent primarily to the European Union. Exports declined 3.1% in euro terms between January and April 2003, compared with the corresponding period of 2002, totalling €11.7bn; imports were 0.8% higher, reaching €13.2bn, according to the Central Statistics Office (CSO). Year-end figures show that the EU accounted for 92% of Hungary’s exports in 2002. Hungary showed a trade surplus with the EU of €4.9bn in 2002. During the first four months of 2003, Hungary showed a trade deficit of €1.4bn, according to the CSO. Hungary’s imports grew slower than exports in 2002, totalling €39.9bn, up by 6.4% from €37.5bn in 2001. Exports totalled €36.5bn in 2002, a 7.4% increase from €33.9bn in 2001.
All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
