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Hungary’s October trade surplus €408 mln

Hungary had a €408 million trade surplus in October, down from €540 million in September, and a €442 million surplus a year earlier, the Central Statistical Office (KSH) said in its preliminary estimates.

Exports rose more slowly than in September, while import growth was almost level with its pace one month earlier. Both export and import growth achieved the highest rates in August since their yr/yr increase started around the end of last year.

In euro terms, export rose 16% and import growth was 18% yr/yr in October, both slightly down from respective yr/yr increases of 18.5% and 18.6% in September. The pace of export growth dropped behind import growth now for the second month

Hungary posted a €4.441 billion trade surplus in the first ten months of 2010, well up from a €2.980 billion surplus recorded a year earlier, preliminary figures show.

October exports totaled €6.519 billion after €6.615 billion in September, and imports totaled €6.111 billion. The September import figure was €6.074 billion.

January-October exports rose 21% yr/yr to €58.670 billion and ten-month imports rose 19.2% yr/yr to 54.229 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 23. (MTI – Econews)