The surplus of the external trade in goods amounted to EUR 1.3 billion in September, compared to August the adjusted volume of export increased by 2.0% and that of import grew by 2.2%
The volume of export decreased by 2.4% in September 2023 and that of import lessened by 7.9% compared to the same period of the previous year. The surplus was EUR 1.3 billion, the balance improved by EUR 2.2 billion year-on-year. Compared to August, the seasonally and working-day adjusted volume of export increased by 2.0% and that of import grew by 2.2%.
In September 2023:
The value of export amounted to EUR 12.9 billion (HUF 4,972 billion), that of import to EUR 11.5 billion (HUF 4,454 billion).
In September 2023 compared to a year earlier:
The value of export decreased by 4.3% and that of import lessened by 19% in EUR terms.
According to calendar-adjusted data, the volume of export increased by 0.5%, while that of import decreased by 4.9%.
The balance of the external trade in goods improved by EUR 2.2 billion. (The balance is EUR 77 million higher than the one published in the first estimate.)
The HUF price level of the external trade in goods decreased by 6.7% in exports and was down by 17% in imports compared to the same month of the previous year. The terms of trade improved by 12%. The HUF exchange rate strengthened by 4.3% against the EUR and by 11% against the US dollar.
Calculated at September 2022 prices, the export of machinery and transport equipment lessened by 5.9%, their import declined by 16%. The volume of export of the commodity group of electrical machinery, apparatus and appliances, n.e.s., slightly decreased, its import lessened by nearly one-seventh. The export volume of the commodity group of road vehicles was nearly one-tenth higher, while its import volume decreased by more than one-seventh. The turnover of the power generating machinery and equipment commodity group fell by more than one-seventh on the export side, while its import volume slightly increased. The export turnover of the commodity group of telecommunication and sound recording and reproducing apparatus declined by nearly one-tenth, its import volume lessened by almost one-fifth compared to the same period of the previous year. The aggregate commodity group of machinery and transport equipment contributed to the volume reduction in total exports by 3.4 percentage points and raised on the total import side the volume decrease by 6.6 percentage points.
The export volume of manufactured goods became 5.0% lower, their import volume lessened by 6.6%. The volume reduction was impacted by the turnover of professional, scientific and controlling instruments in exports and miscellaneous manufactured articles, n.e.s. in imports. The aggregate commodity group of manufactured goods increased the volume reduction in total exports by 1.4 percentage points and raised the overall volume decline on the total import side by 2.3 percentage points.
The export volume of fuels and electric energy increased by 70%, their import volume was 21% higher than in the same period of the previous year. The turnover volume growth on both sides of the trade can be explained by the significant increase in natural and manufactured gas. Fuels and electric energy decreased the turnover change rate by 2.8 percentage points on the export side, and moderated the volume decrease on the import one by 3.6 percentage points.
The export volume of food, beverages and tobacco became 2.2% higher, while their import volume decreased by 18%. The volume change was mainly driven by cereals and cereal preparations in both directions. The volume change realised by the aggregate commodity group moderated the total export turnover decrease by 0.1 and increased the import decline rate by 0.9 percentage points.
The volume of exports to the EU-27 Member States became 4.3% lower and that of imports from there lessened by 12%. The balance of the external trade in goods improved by EUR 1.3 billion, generating a surplus of EUR 1.8 billion. This group of countries accounted for 76% of exports and 69% of imports.
In the extra-EU-27 trade, the volume of export increased by 4.2% and that of imports grew by 0.7%. The balance of the external trade in goods with these countries improved by EUR 897 million, showing a deficit of EUR 462 million.
In January–September 2023:
The value of exports amounted to EUR 112.9 billion (HUF 43.2 thousand billion), that of imports to EUR 105.9 billion (HUF 40.6 thousand billion).
In January–September 2023 compared to a year earlier:
The volume of export rose by 4.5%, while that of import lessened by 2.1%.
The balance of the external trade in goods improved by EUR 13.4 billion, the surplus amounted to EUR 6.9 billion.
The HUF price level of the external trade in goods was up by 2.1% in exports, while it declined by 3.6% in imports compared to the corresponding period of the previous year. The terms of trade improved by 5.9%. The HUF strengthened by 0.7% against the EUR and by 2.8% against the US dollar.
External trade in goods, January–September 2023
| Denomination | Export | Import | Balance | |||
|---|---|---|---|---|---|---|
| value, at current prices | same period of the previous year=100.0% | value, at current prices | same period of the previous year=100.0% | value, at current prices | in the same period of the previous year | |
| Billion HUF | 43 160 | 106.7 | 40 570 | 94.4 | 2 590 | 5 108 |
| Million EUR | 112 864 | 107.2 | 105 938 | 94.8 | 6 926 | 13 393 |