The volume of export decreased by 3.5% and that of import by 0.3% compared to the same period of the previous year. The surplus was EUR 949 million, the balance deteriorated by EUR 470 million year-on-year. Compared to August, the adjusted volume of export increased by 0.9% and that of import by 0.8%.
In September 2024 the value of export amounted to EUR 12.5 billion (HUF 4,949 billion), that of import was EUR 11.6 billion (HUF 4,574 billion).
In September 2024 compared to a year earlier the value of export decreased by 3.5% and that of import increased by 0.2% in EUR terms.
According to calendar-adjusted data, the volume of export lessened by 0.4%, that of import increased by 0.4%.
The balance of the external trade in goods deteriorated by EUR 470 million. (The balance showed a EUR 284 million lower surplus than the one published in the first estimate.)
The HUF price level of the external trade in goods increased by 2.2% in exports and by 2.6% in imports, compared to the same month of the previous year. The terms of trade worsened by 0.4%. The HUF exchange rate depreciated by 2.2% against the EUR and improved by 1.7% against the US dollar.
The export volume of machinery and transport equipment decreased by 4.4%, and its import volume by 1.1%. The volume of the commodity group of electrical machinery, apparatus and appliances, n.e.s. decreased by more than one-tenth in exports, also decreasing somewhat in imports compared to the same period last year. The export volume of the commodity group of road vehicles declined by around one-tenth, while its import volume slightly increased compared to the base period. The export volume of the commodity group telecommunication and sound recording and reproducing apparatus decreased by nearly one-tenth, its import volume improved by almost one-fifth compared to a year earlier. The volume of the power generating machinery and equipment commodity group increased by nearly one-tenth on the same period of the previous year in exports, but around a one-fifth lower in imports. The aggregate commodity group of machinery and transport equipment increased the volume decline in total turnover by 2.6 percentage points on the export side and by 0.5 percentage points on the import one.
The export volume of manufactured goods increased by 0.8% and their import volume decreased by 0.6%. The slight increase in export volume was caused by the significant increase in the volume of medicinal and pharmaceutical products, which was largely offset by the general downward trend of other commodity groups. The decrease in the volume of other chemical materials and products was the decisive factor in imports. The aggregate commodity group of manufactured goods offset the volume decline in total turnover by 0.2 percentage points in exports and increased it by 0.2 percentage points in imports.
The export volume of fuels and electric energy decreased by 22%, their import volume was 5.6% higher than one year earlier. The decrease on the export side is explained by the fall in the volume of petroleum, petroleum products and related materials and natural and manufactured gas, while the increase on the import side is due to the significant growth in the volume of electrical energy. The change in the turnover of fuels and electric energy strengthened the volume decline in total turnover by 0.7 percentage point in exports and slowed it by 0.5 percentage point in imports.
The export volume of food, beverages and tobacco became 0.9% lower, their import volume increased by 7.9%. The decrease in export volumes was largely influenced by the change in the turnover of cereals and cereal preparations, while the increase in import volumes was influenced by that of feedstuff for animals. The volume change realised by the aggregate commodity group contributed to the total export decrease by 0.1 percentage points, and moderated the import reduction by 0.5 percentage points.
The volume of export to the EU-27 Member States became 4.2% lower and that of import from there increased by 3.9%. The balance of the external trade in goods declined by EUR 626 million, generating a surplus of EUR 1285 million. This group of countries accounted for 76% of exports and 71% of imports.
In the extra-EU-27 trade, the volume of export decreased by 1.1%, that of import lessened by 8.7%. The balance of the external trade in goods with these countries improved by EUR 155 million, showing a deficit of EUR 336 million.
In January–September 2024 the value of exports amounted to EUR 108 billion (HUF 42 thousand billion), that of imports to EUR 99 billion (HUF 39 thousand billion).
In January–September 2024 compared to one year earlier the volume of export decreased by 2.0%, that of import by 4.2%.
The balance of the external trade in goods improved by EUR 2.6 billion, the surplus was EUR 9.3 billion.
The HUF price level of the external trade in goods increased by 0.1% on the export side, and decreased by 0.5% on the import one, compared to the same period of the previous year. The terms of trade improved by 0.6%. The HUF depreciated against the EUR by 2.5% and by 2.2% against the US dollar.
