Trade surplus drops as imports grow faster than exports

MNB

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Hungary’s external trade surplus was down by €85 million to €855 mln in September, as compared to the same period a year earlier, with export volume increasing 6.6% and import volume growing by 9.6%, Hungary’s Central Statistical Office (KSH) reported today.

In September, the value of Hungary’s exports reached €8.3 billion and that of imports reached €7.4 bln, KSH said. In year-on-year terms, exports in September increased by 6.5% and imports by 8.6%, when measured in euros, KSH said.

According to KSH, in the period from January-September of this year, the value of exports was €67.7 billion and the value of imports was €61.5 billion.

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