The Central Statistical Office (KSH) said Hungary’s trade surplus reached 1.003 billion euros in October, narrowing from 1.340 billion euros in the previous month.
Official figures show that exports edged up by an annual 1.1% to 12.771 billion euros, after falling for two months. Imports dropped by 13.2% to 11.768 billion euros, declining for the seventh month in a row. Trade with other European Union member states accounted for 77% of Hungary’s exports and 70% of its imports during the month. Hungary’s terms of trade improved by 9.7% during the period as the forint firmed 7.9% to the euro and 14% against the dollar. In January-October, Hungary’s exports increased by 6.6% year-on-year to 125.635 billion euros, while imports fell by 6.1% to 117.706 billion euros. The trade surplus reached 7.929 billion euros.