KSH: the foreign trade surplus in goods was 589 million euros in September

By: Trademagazin Date: 2025. 10. 29. 11:37
🎧 Hallgasd a cikket:

In September, the goods foreign trade surplus was 589 million euros, the balance deteriorated by 297 million euros compared to a year earlier. The volume of exports increased by 0.5 percent and that of imports by 8.4 percent compared to the same period of the previous year, the Central Statistical Office (KSH) reported on Wednesday.

The seasonally and working day-adjusted volume of exports fell by 2.4 percent from August 2025, while that of imports exceeded it by 3.8 percent.

In September, the value of exports was 13.1 billion euros (5,142 billion forints), and that of imports was 12.5 billion euros (4,911 billion forints). Compared to the same period a year earlier, the value of exports increased by 4.9 percent in euros and imports by 7.8 percent.

The Central Statistical Office added that, adjusted for calendar effects, the volume of exports decreased by 3.4 percent and that of imports increased by 4.8 percent.

The price level of foreign trade turnover measured in forints increased by 3.5 percent in exports and 1.4 percent in imports compared to the same month of the previous year. The terms of trade improved by 5.0 percent. The forint exchange rate strengthened by 0.8 percent against the euro and by 6.1 percent against the dollar.

The report detailed: the export volume of machinery and transport equipment decreased by 1.0 percent, while its import volume expanded by 17 percent. The main commodity group of machinery and transport equipment restrained total exports by 0.6 percentage points on the export side, and strengthened the growth of total import volume by 7.6 percentage points on the import side.

The export volume of processed products decreased by 4.6 percent, while its import volume increased by 1.9 percent. The main commodity group of processed products slowed down total exports by 1.3 percentage points in exports, and strengthened the volume growth of total imports by 0.7 percentage points in imports.

The export volume of energy carriers was 89 percent higher than a year earlier, while their imports practically stagnated. The expansion of energy carriers’ turnover on the export side contributed 2.4 percentage points to the volume growth of total turnover, but did not significantly affect it on the import side.

The volume of exports of food, beverages, and tobacco increased by 1.6 percent, while imports remained essentially unchanged. The volume change realized by the main commodity group accelerated the volume growth of total turnover by 0.1 percentage points in exports, but did not contribute significantly to the volume change in imports.

The report revealed that the volume of exports to EU member states increased minimally, by 0.1 percent, and imports from there by 4.5 percent. The foreign trade balance of products deteriorated by 275 million euros compared to the balance in September 2024, resulting in a surplus of 908 million euros. We carried out 75 percent of exports and 71 percent of imports in this relationship.

In trade with countries outside the EU, the volume of exports increased by 2.5 percent, and that of imports by 16 percent. The balance of foreign trade in goods deteriorated by 22 million euros in this relationship, showing a deficit of 319 million euros.

The Central Statistical Office announced that in January-September, the value of exports was 110.4 billion euros (44,336 billion forints), and that of imports was 102.6 billion euros (41,207 billion forints). The volume of exports practically stagnated, while imports increased by 2.1 percent compared to the same period a year earlier.

The goods-foreign trade balance improved by 701 million euros, with a surplus of 7.8 billion euros in the first nine months.

The terms of trade improved by 2.7 percent. The forint weakened by 2.6 percent against the euro, while the exchange rate against the dollar remained unchanged compared to the same period last year, the Central Statistical Office (KSH) announced.

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