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) 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, as 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% to 9.948 billion euros and imports climbed 26.6% to 10.326 billion euros in December. Trade with other European Union member states accounted for 74% of Hungary’s exports and 71% of its imports.
hunagrymatters.hu
pixabay
