• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Hungary trade balance shows deficit for sixth month in a rowHungary trade balance shows deficit for sixth month in a rowHungary trade balance shows deficit for sixth month in a rowHungary trade balance shows deficit for sixth month in a row
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
DNH 2021 DNH 2021 · 03/03/2022
· Business

Hungary trade balance shows deficit for sixth month in a row

economy Hungarian economy Hungary trade

Hungary’s trade balance showed a deficit for the sixth month in a row in December, a second reading of data released by the Central Statistical Office (KSH) on Thursday shows.

The first reading of the data, released on February 8, had shown a surplus of 187 million euros for the month, but the second reading showed a deficit of 378 million euros. Hungary, an export-driven economy where trade surpluses are the norm, has had trade deficits every month since July. Exports rose by an annual 17.9 percent to 9.948 billion euros and imports climbed 26.6 percent to 10.326 billion euros in December.

Trade with other European Union member states accounted for 74 percent of Hungary’s exports and 71 percent of its imports. Hungary’s terms of trade deteriorated by 5.4 percent during the period as the forint weakened 2.3 percent against the euro and 10 percent to the dollar. For the full year, exports increased by 13.6 percent to 119.309 billion euros and imports rose by 18.2 percent to 117.413 billion euros. The trade surplus reached 1.897 billion euros, narrowing from 5.618 billion euros in 2020.

  • Read also: The proportion of foreigners in the Hungarian economy has decreased

Retail sales in Hungary rose by an annual 4.5 percent in January, slowing from 6.7 percent in the previous month, the Central Statistical Office (KSH) said on Thursday. Adjusted for calendar-year effects, retail sales rose by 4.1 percent. Adjusted food sales edged up 0.1 percent and non-food sales rose by 6.4 percent. Vehicle fuel sales climbed 10.7 percent.

shell
Read alsoShell to restrict fuel purchases in Hungary!

Source: MTI

economy Hungarian economy Hungary trade
Share
DNH 2021
DNH 2021

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • International Holocaust Remembrance Day marked in Budapest
  • What happened today in Hungary? – 27 January, 2023
  • PHOTOS, VIDEO: 2 Hungarian among the 11 most endangered monuments and heritage sites in Europe!
  • European Football Association UEFA bans Greater Hungary flags
  • PHOTOS: Hungary’s biggest hotel will open soon in Budapest
  • Government would like to boost Hungarian economy with Kazakhstan, Uzbekistan and other Turkic states
  • Are Transcarpathian Hungarians taken by force to die against the Russians?
  • Hungarian minister made it clear when Hungary could introduce the euro

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V