Hungary Trade Deficit at EUR 188 mln in December
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Hungary's external trade in goods deficit reached EUR 188 million in December 2023, according to data by the Central Statistical Office (KSH).
The value of exports amounted to EUR 10.4 billion and that of imports to EUR 10.5 bln.
The value of exports decreased by 7.8% and that of imports lessened by 8.6% in EUR terms compared to December 2022.
The balance turned negative on the import side as a result of the deteriorating energy balance; on the export side, the same trend was due to the annual and monthly decrease in the export of machinery products which previously generated a significant surplus, while machinery import did not change in merit compared to November and December last year, KSH notes.
The share of EU member states was 75% in exports and 66% in imports.
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