Success: Huge improvement in Hungary’s trade balance

According to the latest data from the Hungarian Central Statistical Office (KSH), the trade surplus in September was EUR 1.3 billion. Both imports and exports grew significantly.

The foreign trade surplus in goods was EUR 1.3 billion in September, with the level of foreign trade in goods increasing by 13% on the export side and by 8.1% on the import side compared to the previous month, the Hungarian Central Statistical Office (KSH) reported on Wednesday based on its first estimates.

Exports fell by an annual 5.1% to EUR 12.756 billion, slipping for the second month in a row. Imports dropped by 19.4% to EUR 11.493 billion, declining for the sixth month in a row.

Trade with other European Union member states accounted for 76% of Hungary’s exports and 69% of its imports during the month.

In January-September, Hungary’s exports increased by an annual 7.1% to EUR 112.756 billion, while imports fell by 5.2% to EUR 105.906 billion. The trade surplus reached EUR 6.849 billion.

Did you know that, according to a minister, Hungary aims to be among the top 10 most innovative countries in the world by 2040? Read more HERE. The same minister said that even Hungary’s opponents pay attention to our country – read more HERE.