Are you sure?

Hungary foreign trade deficit €308 mln in 2007

Hungary had a €170.2 million trade deficit in December 2007, and a €307.6 million deficit in 2007, the Central Statistics Office (KSH) said in a second reading of the figures on Wednesday.

The figure is up from a preliminary deficit of €148 million reported on February 8, 2008 and the annual figure is down from an €444 million full-year deficit in the first estimate. In volume terms, exports rose 7.2% in December from a year earlier and rose 15.6% in 2007. December imports were up 7.5% and 2007 imports rose 11.4%. In euro terms December exports rose 6.4% year-on-year and imports were up 7.1%. 2007 euro-term exports rose 16.2% and imports rose 12.12%. Forint-term export prices fell 4.5% in 2007 and forint-term import prices fell 4.4%, resulting practically no change in Hungary’s terms of trade last year. (MTI-Econews)