Hungarian trade deficit over EUR 1 bn in Oct
Hungary had a 1.009 billion euro trade deficit in October, the Central Statistical Office (KSH) said in a first reading of data on Thursday.
The gap widened from 745 million euros in September, but narrowed from 1.580 billion in August, the largest in a series of consecutive monthly deficits running for more than a year, an anomaly for Hungary, an export-driven economy where trade surpluses are the norm.
![Viktor Orbán MOL excess profits](https://contentf5.dailynewshungary.com/wp-content/uploads/2022/12/Viktor-Orban-MOL-excess-profits-1025x450.webp)
Read alsoPM Orbán: the government would take MOL’s excess profits, shares fall
Exports rose by an annual 21.0 percent to 12.4 billion euros, while imports increased by 25.7 percent to 13.4 billion.
For the period January-October, Hungary’s exports increased by an annual 19.9 percent, while imports rose by 29.5 percent. The trade deficit reached 6.809 billion euros for the period.
![Filling station fuel shortage Hungary diesel](https://contentf5.dailynewshungary.com/wp-content/uploads/2022/10/Fillin-station-no-fuel-Hungary-diesel-1024x450.webp)
Read alsoNew app shows where you can find fuel in Hungary
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
What happened today in Hungary – 26 July, 2024
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible