Trends in Foreign Trade in Goods in 1999
Trends in Foreign Trade in Goods in 1999
In 1999, Hungarian foreign trade turnover increased dynamically. In spite of unfavorable internal and external conditions2, the rate of increase in imports hardly exceeded that of the exports. The export into (import from) the EU-countries was USD 19.068 billion (USD 18.049 billion), which in turn means an increase of 13.6% (9.5%) with respect to the same period of the previous year. During the same period, total Hungarian exports (imports) only increased by 8.7%, from USD 23.006 billion to USD 25.013 billion (9%, from USD 25.706 billion to USD 28.008 billion). This means that the EU’s share in Hungarian exports further increased to exceed 76% in 1999, while the same figure for imports was 64%. Another favorable improvement was that the positive Hungarian balance here reached USD 1.019 billion, in contrast with the USD 0.302 billion of the previous year.
