Hungary posts EUR 95 m trade deficit in May, says Central Statistical Office
Hungary’s trade balance showed a 95 million euro deficit in May, the Central Statistical Office (KSH) said in a second reading of data released on Monday.
A first reading of the data, released on July 7, had shown a 135 million forint trade surplus.
Hungary, an export-driven economy where trade surpluses are the norm, had a trade deficit for the eleventh month in a row.
The revised data show exports rose by an annual 29.5 percent to 12.289 billion euros, while imports climbed by 31.4 percent to 12.384 billion, KSH said.
Read also Hungary’s 2023 headline budget passed
Source: MTI
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