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OCTOBER TRADE SURPLUS REVISED UP TO EUR 304 M

 

Hungary’s October trade surplus was revised up to 304 million euros in a second reading of data released by the Central Statistical Office (KSH). In the first reading, published on December 7, KSH had put the October surplus to 293 million euros. October imports rose by an annual 7.4% in volume terms and were up by 9.8% in value terms at 9.17 billion euros. Exports volume rose by 6.4% and the value of exports increased by 6.7% to 9.474 billion euros. The trade surplus was down by 221 million euros from the same month a year earlier. Hungary’s terms of trade worsened by 2.0% in October as forint-term import prices rose by 7.0% and export prices by only 4.9% in forint terms. The forint weakened by 4.5% to the euro and 7.0% to the dollar in the period.