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Hungary September trade surplus was €548m

Hungary had a €548 million trade surplus in September, up from €392 million in August, and a €459 million surplus a year earlier, the Central Statistics Office (KSH) said on Tuesday in its preliminary estimates.

Exports as well as imports rose slower than in August when they achieved the highest rates since their yr/yr increase started around the end of last year. In euro terms, export and import growth was 18-18% yr/yr in September after a plus of 35.1% and 30.8% yr/yr respectively in August. Export growth exceeded import growth for the first time since February in August.

Hungary posted a €4.041 billion trade surplus in the first nine months of 2010, well up from a €2.539 billion surplus recorded a year earlier, preliminary figures show.

September exports were up 18% in euro terms in twelve months at €6.604 billion after €5.705 billion in August, and imports rose equally 18% yr/yr to €5.056 billion. It was €5.313 billion in August.

January-September exports rose 22% yr/yr to €52.14 billion and nine-month imports rose 19% yr/yr to 48.1 billion.

In 2009, Hungary's exports dropped 19.4% and its imports declined 24.8% from 2008.

A final, detailed version will be published by KSH on December 2. (MTI Econews)