Trade Deficit Narrows to Euro 652 Million in Hungary

  • 10 Nov 2022 5:56 AM
  • Hungary Matters
Trade Deficit Narrows to Euro 652 Million in Hungary
Hungary posted a trade deficit in September of 652 million euros, according to a first reading of Central Statistical Office (KSH) data published.

The gap narrowed from 1.580 billion in August.

Exports increased by an annual 27.5% to 13.214 billion euros, while imports were up 32.8% at 13.867 billion.

Trade with other European Union member states accounted for 76% of Hungary’s exports and 67% of its imports during the month. In the Jan-Sept period, Hungary’s exports grew by an annual 19.6% to 105.132 billion euros, while imports rose by 29.7% to 110.839 billion.

The trade deficit amounted to 5.707 billion euros in the period.

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