Trade gap decrease
According to Central Statistics Office the Hungary's H1 gap is by far the best in the past eight years. Hungary's trade gap widened by EUR 39 m in June to EUR 474.1 m.
Exports grew by EUR 5,870.6 m or 17.9% yr/yr versus a mere
12.4% expansion in May (due to the high basis). Last June's moderate growth (11.6%)
is also thought to have played a part in this nice result.
Imports were up 16.0% or EUR 5,909.5 m, against a 9.5%
increase in May, which led to the smallest gap between export and import growth
– 1.9 percentage points.
Exports in the first half of the year expanded by 17.2% to
EUR 32,882 m and imports totalled EUR 33,357 m, up 13.9% from the January-June
period of 2006.
Exports to the European Union increased by 17.2% and imports
from the bloc rose 13.9% year on year in the first six months.
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