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Trade deficit €201.8 mln in January

Hungary's trade deficit was €201.8 million in January 2006, €60.4 million more than in the previous year and down €14.9 million from a preliminary €216.7 million deficit reported on March 10, the Central Statistics Office (KSH) reported on Friday.

Exports totaled €4.122 billion, up 19.5% from January 2005. Imports, at €4.324 billion, rose 20.4% year on year. Revised figures show €3 million more exports and imports €13 million less than in the preliminary report.
In volume terms, exports rose 18.7% year on year and imports rose 14.1% year on year in January. Forint-term export prices rose 2.5% and import prices increased 7.5% from January 2005, resulting in a 5% deterioration in Hungary's terms of trade.
Last year, Hungary's exports rose 11.4% to €49.721 billion, and imports rose 8.3% to €52.560 billion. The foreign trade deficit was €2.839 billion in 2005, €1.075 billion less than in 2004. In volume terms, exports rose 10.8% and imports rose 5.3% in 2005.