Hungary trade balance shows EUR 708 m deficit in March

Hungary’s trade balance showed a 708 million euro deficit in March, the Central Statistical Office (KSH) confirmed in a second reading of data released on Thursday.

Read also: Chaos at petrol stations over dual pricing

Exports rose by an annual 8.8 percent to 12.131 billion euros and imports climbed 25 percent to 12.840 billion euros.

Hungary’s terms of trade deteriorated by 6.7 percent during the period as the forint weakened by 3.1 percent against the euro and by 11 percent against the dollar.