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Trade deficit EUR 1.3 billion in July

Hungary had a 1.298 billion euro trade deficit in July, the Central Statistical Office(KSH) said in a second reading of data on Monday.

A first reading of the data, released on September 8, showed a 1.150 billion euro trade deficit.

Monday’s data show exports rose by an annual 12.8 percent to 10.802 billion euros, while imports increased by 24.1 percent to 12.100 billion euros.

For the period January-July, Hungary’s trade deficit reached 3.475 billion euros. Exports rose by 16.4 percent to 80.475 billion euros and imports climbed 27.4 percent to 83.951 billion euros.

Hungary’s terms of trade deteriorated 6.5 percent in July from the same month a year earlier as the forint weakened 13 percent to the euro and 31 percent against the dollar.

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