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.
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.
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
Opposition Tisza extremely popular among voters below 40 – Fidesz launches attack
Snow has arrived in Hungary! – PHOTOS, VIDEO
Hungary’s commissioner nominee Olivér Várhelyi failed, Fidesz suspects leftist pact behind
VIDEO: Murdered Hungarian sex worker’s life-size hologram could solve a 15-year-old mystery case
Bad news came from the Hungarian economy again: industry in trouble
Forint strengthened, but the EUR/HUF exchange rate may exceed 500 in 2025