Falling Exports, Positive Trade Balance

In EUR terms, the value of exports was 1.5% and that of imports 6.8% lower in October 2020 than in the same period of the previous year, the Central Statistical Office reported this Wednesday.

The balance of external trade in goods improved by EUR 516 million compared to October 2019. Compared to the previous month, the level of external trade slightly lessened, exports went down by 2.5% and imports were unchanged compared to September 2020.

In October 2020, the value of exports amounted to EUR 10,027 million (HUF 3,639 billion) and that of imports to EUR 9,131 million (HUF 3,315 billion); the surplus on external trade in goods was EUR 896 million (HUF 324 billion); while the share of EU-27 Member States was 77% in exports and 71% in imports.
In October 2020 compared to a year earlier, the value of exports decreased by 1.5% and that of imports by 6.8% in EUR terms.