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Trade deficit narrows to EUR 652 million in September

Hungary posted a trade deficit in September of 652 million euros, according to a first reading of Central Statistical Office (KSH) data published on Wednesday.

The gap narrowed from 1.580 billion in August.

Exports increased by an annual 27.5 percent to 13.214 billion euros, while imports were up 32.8 percent at 13.867 billion.

Trade with other European Union member states accounted for 76 percent of Hungary’s exports and 67 percent of its imports during the month.

In the Jan-Sept period, Hungary’s exports grew by an annual 19.6 percent to 105.132 billion euros, while imports rose by 29.7 percent to 110.839 billion. The trade deficit amounted to 5.707 billion in the period.

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