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Trade surplus drops – The Budapest Times


The surplus was EUR 589 million, the balance decreased by EUR 297 million, year-on-year. The volume of export increased by 0.5% compared to the same period of the previous year, that of import grew by 8.4%. The seasonally and working-day adjusted export volume decreased by 2.4% compared to August 2025, while that of import surpassed it by 3.8%.

In September 2025:

The value of export amounted to EUR 13.1 billion (HUF 5,142 billion), that of import was EUR 12.5 billion (HUF 4,911 billion).

In September 2025 compared to a year earlier:

The value of export increased by 4.9% and that of import by 7.8% in EUR terms.

According to calendar-adjusted data, the volume of export decreased by 3.4%, that of import increased by 4.8%.

The HUF price level of the external trade in goods increased by 3.5% in export and decreased by 1.4% in import, compared to the same month of the previous year. The terms of trade improved by 5.0%. The HUF exchange rate improved by 0.8% against the EUR and by 6.1% against the US dollar.

The export volume of machinery and transport equipment decreased by 1.0%, its import volume grew by 17%. The aggregate commodity group of machinery and transport equipment slowed the volume increase in total turnover by 0.6 percentage points on the export side, and contributed to the total volume increase by 7.6 percentage points in imports.

The export volume of manufactured goods decreased by 4.6%, their import volume increased by 1.9%. The aggregate commodity group of manufactured goods slowed the volume increase in total export by 1.3 percentage points and contributed to the volume growth by 0.7 percentage points in import.

The export volume of fuels and electric energy increased by 89%, their import volume basically stagnated year-on-year. The growth in the turnover of fuels and electric energy hastened the volume increase in total turnover by 2.4 percentage points in export, but did not contribute in merit to the volume increase in import.

The export volume of food, beverages and tobacco grew by 1.6%, their import volume basically did not change. The volume change realised by the aggregate commodity group hastened the export volume increase by 0.1 percentage points, but did not significantly contribute to the volume increase in import.

The volume of export to the EU-27 member states slightly increased, by 0.1%, import from there grew by 4.5%. Compared to September 2024 the balance of the external trade in goods decreased by EUR 275 million, generating a surplus of EUR 908 million. This group of countries accounted for 75% of exports and 71% of imports.

In the extra-EU-27 trade the volume of export increased by 2.5%, that of import grew by 16%. The balance of the external trade in goods with these countries deteriorated by EUR 22 million, showing a deficit of EUR 319 million.

In January–September 2025:

The value of exports amounted to EUR 110.4 billion (HUF 44,336 billion), that of imports to EUR 102.6 billion (HUF 41,207 billion).

In January–September 2025 compared to one year earlier:

The volume of exportbasically stagnated, that of import grew by 2.1%.

The balance of the external trade in goods improved by EUR 701 million, the surplus was EUR 7.8 billion.

The HUF price level of the external trade in goods increased by 4.2% on the export side, and by 1.5% on the import one, compared to the same period of the previous year. The terms of trade improved by 2.7%. The HUF depreciated against the EUR by 2.6%, itsexchange rate against the US dollar did not change compared to the same period of 2024.



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