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Hungary exports/imports drop, surplus little changed in September

Hungary had a €739.1 million trade surplus in September, slightly down from €752.9 million in the same month a year earlier, the Central Statistics Office (KSH) said in a first reading on Thursday.

Exports fell 4.3% from a year earlier to €6.854 billion in September. Imports dropped 4.6% yr/yr to €6.115 billion. Exports and imports dropped yr/yr for the first time since April.
The trade surplus for January-September came to €5.419 billion, down by €73 million from €5.492 billion in the same period a year earlier. Nine-month exports were up a slight 0.5% from a year earlier at €59.982 billion and nine-month imports edged up 0.7% to €54.563 billion. Euro-term trade values contracted in September despite a lower base: last year the pace of both export and import growth started to slow in September.
The monthly surplus widened from €588 million in August and was the third highest surplus registered so far this year. KSH said that 77% of Hungary's September exports went to other European Union countries and 71% of its imports came from the EU.