Imports rose 17.1% year-on-year in value terms to EUR 8.371 billion. Exports were up 11.5% at EUR 8.866 bln. The trade surplus was down EUR 302 mln from the same month a year earlier.
Imports of machinery and transport equipment rose 13.8% in volume terms and food, drink and tobacco imports were also up 8.6%, while energy imports climbed 27.1%. Imports of manufactured goods were up 15.7%. Exports of machinery and transport equipment rose 9.3%, food, drinks and tobacco exports increased 1.9%, energy exports expanded by 47% and exports of manufactured goods rose 10%.
Trade with other European Union member states accounted for 81% of Hungaryʼs exports and 75% of the countryʼs imports. Hungary had a trade surplus of EUR 866 mln with EU countries and a trade deficit of EUR 372 mln with the rest of the world.
Hungaryʼs terms of trade worsened by 0.6% in October as import prices rose 2.1% and export prices rose 1.5% in forint terms. The forint strengthened 1% to the euro and 1.2% to the dollar in the period.
For January-October, Hungaryʼs trade surplus reached EUR 7.023 bln, down from EUR 8.438 bln in the same period a year earlier. Imports were up 12.3% at EUR 77.202 bln and exports rose 9.1% to EUR 84.225 bln.
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