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Hungarian exports, imports, trade balance all up in October

Telco

Statistics released by the Central Statistics Office (KSH) today show that exports and imports increased by 4.7% and 2.7% year-on-year, respectively, in the tenth month of 2013. The surplus on the trade balance showed an improvement of €164 million compared to the corresponding period of 2012. 

According to preliminary estimates, exports amounted to €7.7 billion (HUF 2.276 trillion), while imports to €6.9 billion (HUF 2.046 trillion) in October. The surplus on the trade balance was €781 million (HUF 230 billion) in the tenth month of the year.

The share of European Union member states was 77% in exports and 72% in imports in October; the figures show little change since at least November 2010 and no statistically significant difference since September ’12 – despite much publicity for the government’s eastward-facing import/export strategy.

Through October, the value of exports was €68.6 billion (HUF 20.322 trillion), while that of imports was €62.4 billion (HUF 18.481 trillion) according to preliminary data. Exports and imports in euro terms grew nearly to the same extent, by 2.0% and 1.8%, respectively.

The surplus on the trade balance was €231 million more than in the period of January to October 2012.

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