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KSH: Hungary’s trade surplus reaches €603 mln in October

Telco

pixabay

Hungary’s surplus on the trade balance was up by a year-on-year €320 million in October, with exports increasing by a year-on-year 8.4% and imports by a year-on-year 4.3%, Hungary’s Central Statistical Office (KSH) reported.

KSH reported that exports amounted to €8.1  billion (HUF 2.532 trillion) and imports to €7.5 bln (HUF 2.344 tln) in October, with the surplus on the trade balance coming in at €603 mln (HUF 188 bln). The share of European Union Member States was 80% in exports and 76% in imports in October, KSH added.

Data by KSH shows that the euro value of exports and imports rose by 7.4% and 5.8%, respectively, in the first ten months of the year as compared to the same period a year earlier. In the period, the value of exports was €75.8 bln (HUF 23.428 tln) and that of imports was €69.0 bln (HUF 21.333 tln), the surplus on the trade balance was €6.8 bln (HUF 2.095 tln), KSH said.

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