Budapest, November 7 (MTI) – Hungary posted a foreign trade surplus of 952.7 million euros in September, based on preliminary data, the Central Statistical Office (KSH) said today.
Exports in euro terms went up by an annual 5.8 percent while imports were up 5 percent.
In the first nine months, the trade surplus was 5 billion euros compared with a surplus of 4.88 billion euros in the same period of 2013.
Fully 77 percent of Hungary’s exports went to other European Union countries in September and the same percentage of the country’s imports came from the EU.
Analyst Zoltan Torok of Raiffeisen Bank said that the trade surplus had reached a record high in September. He said the previous month’s data reflected a “one-off derailment”, and momentum had returned to the Hungarian economy in September.
Andras Balatoni of ING Bank agreed that the September data came out surprisingly high, but said they should be treated with caution because industrial output had still not reached levels in June and July.