Surplus on external trade in goods amounts to EUR 479 million in October
In October 2019, the volume of exports was up by 8.0% and that of imports by 7.1% compared to the same period of the previous year. The surplus was EUR 479 million, the balance improving by EUR 264 million compared to October 2018. According to calendar-adjusted data, the export volume increased by 8.2% and the import volume by 6.9%. In January–October 2019, the surplus on the balance of external trade in goods amounted to EUR 4.4 billion, EUR 331 million less than a year earlier.
In October 2019:
The value of exports amounted to EUR 10.1 billion (HUF 3,351 billion) and that of imports to EUR 9.6 billion (HUF 3,193 billion).
In October 2019 compared to a year earlier:
The value of exports increased by 6.8% and that of imports by 4.1% in EUR terms.
The balance of external trade in goods improved by EUR 264 million. (The surplus is EUR 36 million less than what was published in the first estimate.)
The forint (HUF) price level of external trade in goods diminished by 0.4% in imports and went up by 1.4% in exports compared to the same month of the previous year. The terms of trade improved by 1.8%. The forint exchange rate weakened by 2.4% against the euro and by 6.5% against the dollar.
Calculated at prices in October 2018, the exports of machinery and transport equipment rose by 12% and their imports by 14%. The exports of road vehicles increased by nearly one-sixth and their imports slightly compared to the corresponding period of the previous year. The growth on the import and export sides was consistent with changes in trade in passenger cars, and in imports in addition with changes in trade in parts of motor vehicles and in exports with changes in trade in buses. The exports of telecommunications and sound recording and reproducing apparatus and equipment were up by nearly one-third and their imports by one-seventh. The increase in imports and exports resulted from changes in trade in line telephone sets and their parts, and in imports in addition from changes in trade in parts of radio remote control apparatus and in exports from changes in trade in radio remote control apparatus. The exports of electrical machinery, apparatus and appliances, n.e.s., rose by nearly one-tenth and their imports by more than one-tenth. The growth in exports was connected to trade in electric accumulators and their parts and in imports to trade in electronic integrated circuits. Both the exports and imports of power generating machinery and equipment grew by more than one-tenth, which was due to changes in trade in electric motors, electric generators and petrol engines in exports and to changes in trade in gas turbines and diesel engines in imports.
The export volume of manufactured goods went up by 1.2% and their imports by 2.9%.
The export volume of fuels and electric energy increased by 18%, their import volume was cut by 8.6%. The increase in exports can be explained by changes in trade in electric current and the reduction in imports by changes in trade in petroleum, petroleum products and related materials.
The volume of exports of food, beverages and tobacco grew by 2.6% and the volume of their imports by 5.3%. The increase in both exports and imports resulted from changes in trade in meat and meat preparations.
The volume of exports to EU Member States grew by 5.0% and that of imports from there by 6.5%. The surplus on external trade in goods decreased by EUR 5.8 million and amounted to EUR 988 million. These countries accounted for 80% of exports and 74% of imports.
In extra-EU trade, the volume of exports was up by 22% and that of imports by 9.3%. The balance of external trade in goods with this group of countries improved by EUR 270 million and showed a deficit of EUR 510 million.
In January–October 2019:
The value of exports amounted to EUR 92.0 billion (HUF 29.8 thousand billion) and that of imports to EUR 87.6 billion (HUF 28.4 thousand billion).
In January–October 2019 compared to a year earlier:
The volume of exports rose by 5.0% and that of imports by 6.0%.
The surplus on the balance of external trade in goods went down by EUR 331 million and amounted to EUR 4.4 billion.
The forint price level of external trade in goods increased by 1.3% in imports and by 1.7% in exports compared to the same period of the previous year. The terms of trade improved by 0.4%. The forint depreciated by 1.8% against the euro and by 8.0% against the dollar.
External trade in goods, January–October 2019
| Denomination | Exports | Imports | Balance | |||
|---|---|---|---|---|---|---|
| value, at current prices | same period of previous year=100.0% | value, at current prices | same period of previous year=100.0% | value, at current prices | in same period of previous year | |
| Billion HUF | 29 785 | 106.8 | 28 365 | 107.4 | 1 420 | 1 487 |
| Million EUR | 91 987 | 104.8 | 87 621 | 105.5 | 4 366 | 4 698 |