Hungary's Trade Deficit Reaches EUR 1.3 bln in August

Trade

Image by Pixabay

Hungary's external trade in goods deficit reached EUR 1.3 billion in August, according to data published by the Central Statistical Office (KSH).

The value of exports amounted to EUR 11.466 billion and that of imports to EUR 12.765 bln.

The value of exports in EUR terms was 37% and that of imports 41% larger in August 2022 than in the same period of the previous year. The balance of the external trade in goods deteriorated by EUR 582 million compared to August 2021.

The share of EU Member States was 75% in exports and 69% in imports.

Compared to July 2022, the level of export in goods increased by 6.1% and that of import in goods grew by 5.5%.

 

Serbia Inflation Close to 3-year Low in May Figures

Serbia Inflation Close to 3-year Low in May

Karácsony Calls for Budapest Mayoral Election Repeat Elections

Karácsony Calls for Budapest Mayoral Election Repeat

Navigating Automotive Financing Trends in Uncertain Times Interview

Navigating Automotive Financing Trends in Uncertain Times

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.