Trade Surplus at EUR 1.34 bln in September
Photo by Sharaf Maksumov / Shutterstock.com
Hungary's trade surplus reached EUR 1.34 billion in September, widening from EUR 665 million in the previous month, the Central Statistical Office (KSH) said in a second reading of data on Friday.
Exports fell 4.3% year-on-year to EUR 12.865 bln, falling for the second month in a row. Imports dropped 19.2% to EUR 11.525 bln, declining for the sixth month in a row.
Trade with other European Union member states accounted for 76% of Hungary's exports and 69% of its imports during the month. Hungary's terms of trade improved 12% during the period as the forint firmed 4.3% to the euro and 11% against the dollar.
In January-September, Hungary's exports increased 7.2% year-on-year to EUR 112.864 bln, while imports fell 5.2% to EUR 105.938 bln. The trade surplus reached EUR 6.926 bln.
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