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Hungary September trade surplus was €540m

Hungary had a €540 million trade surplus in September, up from a €392 million surplus in August and a €459 million surplus a year earlier, the Central Statistics Office (KSH) said on Thursday. The preliminary figure, published on November 9, was €548 million.

Both in euro terms and in volume terms, export growth was level with import growth in September, as opposed to the previous month when export growth exceeded import growth.

Hungary posted a €4.033 billion trade surplus in the first nine months of 2010, well up from a €2.538 billion surplus recorded a year earlier.

September exports were up 18.5% at €6.615 billion and imports rose 18.6% to €6.074 billion in the period. Both exports and imports growth was revised from the first reading. Export volume rose 12.7% yr/yr in September and import volume rose 12.6%.

January-September exports rose 21.7% to €52.2 billion and nine-month imports rose 19.3% to €48.1 billion. Nine-month export volume was up 18% and nine-month import volume rose 16% from a year earlier.

In 2009, Hungary's export dropped 19.4% and imports fell 24.8% from 2008.

Terms of trade were almost unchanged in January-September yr/yr as forint-term prices were level with one year earlier. The forint strengthened 2.5% against the major currencies, firming 3% against the euro, while softening 0.4% against the dollar. (MTI-ECONEWS)