Hungary trade deficit EUR 923 m in October
Hungary had a EUR 923 million trade deficit in October, a second reading of data released by the Central Statistical Office (KSH) on Thursday shows.
The gap was revised downward from EUR 1.009 billion in a first reading of data released on December 8.
Exports rose by 22 percent to EUR 12.5 billion, while imports increased by 26 percent to EUR 13.4 billion.
Hungary’s terms of trade deteriorated by 5.9 percent during the period as the forint weakened 16 percent to the euro and 37 percent to the dollar.
Export volume rose by an annual 11 percent, while import volume was up 7.6 percent. Adjusted for calendar year effects, export volume was up 10 percent and import volume 8.8 percent.
Read alsoHungarian central bank has decided on the base rate
Source: MTI