Hungary's Trade Deficit Narrows in December

Trade

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Hungary's deficit of external trade in goods narrowed to EUR 154 million in December 2022, according to data published by the Central Statistical Office (KSH).

The value of exports amounted to EUR 11.205 billion and that of imports to EUR 11.360 bln.

The share of EU Member States was 75% in exports and 67% in imports.

Compared to the previous month, the level of exports in goods decreased by 16%, and that of imports in goods lessened by 23%. 

The value of exports increased by 12% and that of imports grew by 9.9% in EUR terms compared to December 2021.

2022 as a whole saw a 19% year-on-year increase in exports and a 28% rise in imports compared to 2021.

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