July trade deficit €327.5 mln
Hungary's foreign trade deficit was €327.5 million in July, the Central Statistics Office (KSH) said on Friday.
The preliminary figures show the gap is much wider than in June, when it was €110.6 million. In July last year, the deficit was €486.5 million.
Exports grew 16.9% in the twelve months to July to €4.443 billion, while imports rose 11.3% to €4.771 billion. In the first seven months, exports were up by 16.2%, while imports grew by 14.7% from a year ago, KSH said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.