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Hungary posts foreign trade surplus of €141 mln

Hungary posted a €141.1 million trade surplus in September, and in euro terms September exports rose 9.2% and imports rose 11.3% from a year earlier, preliminary figures published by the Central Statistical Office (KSH) on Friday show.

The September surplus was down from a €242.6 million surplus a year earlier.

The trade balance returned into a surplus after two months of deficits, and exports and imports rose after yr/yr declines in August.

In January-September, Hungary had a preliminary trade surplus of €166 million, compared to a deficit of €214.6 million in the same period a year earlier.

September exports were worth €6.724 billion, and imports were worth €6.583 billion.

Nine-month exports rose 10.7% to €55.929 billion from the same period a year earlier. Nine-month imports were up 9.9% at €55.763 billion.

Twelve-month export and import growth slowed to single-digit figures in May, when exports rose 5.4% and imports were up 5.1%. Growth picked up in June and July but, in a change of the previous trend, import growth exceeded export growth in both months. Both exports and imports fell in euro terms, by 0.9% and 2.6%, respectively, in August, in the first year-on-year drop since February 2003.

KSH will publish detailed September and January-September figures on December 4. (MTI – Econews)