A huge gap opened between exports and imports

According to the Central Statistical Office; the foreign trade balance surplus in July was 528 million euros, compared to the previously reported 548 million euros. The balance of the first seven months is still almost 2.6 billion euros.

The most important conclusion from these datas is that the import demand of the country decreased much more, because of the economic crisis and the government’s restrictions, than the exports opportunities constrained. While imports fell by 31.4 percent on an annual basis, exports "just" fell 18.2 percent in July. If the past 12 months’ foreign trade balance is examined in time series, the country's trade position improves significantly – reports Portfolio.hu.