Hungary exports grow, imports decline in September

Hungary’s exports grew by an annual 6.1 percent to 10.285 billion euros in September, while imports declined by 0.8 percent to 9.144 billion, according to a second reading of data released by the Central Statistical Office (KSH) on Wednesday.

The trade surplus was 1.140 billion euros, up from 477 million in the same month a year earlier.

Hungary’s surplus in trade of machinery and vehicles reached 1.561 billion euros while the surplus in food, drink and tobacco products was 205 million.

A 381 million euro deficit was posted in trade of manufactured goods.

Trade with other European Union member states accounted for 78 percent of Hungary’s exports and 71 percent of imports during the month.

For the period January-September, Hungary’s exports fell by 7.7 percent to 75.621 billion euros, while imports dropped by 8.2 percent to 71.956 billion, with a trade surplus of 3.665 billion.