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Trade surplus narrows to EUR 697 million in July

Hungary's trade surplus was 697 million euros in July, down from 1.568 billion euros in June, the Central Statistical Office (KSH) said in a first reading of data on Friday.

Exports rose by 4.3 percent year on year, to 11.372 billion euros. Imports fell by 12.9 percent, to 10.675 billion euros.

Trade with other European Union member states accounted for 76 percent of Hungary’s exports and 72 percent of its imports during the month.

In January-July, Hungary’s exports increased by an annual 10.6 percent, to 88.820 billion euros, while imports edged down by 0.8 percent, to 83.761 billion euros. The trade surplus was 5.060 billion euros.

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