Hungary's external and internal balances improved in the first four months

Hungary's Central Statistics Office (KSH) has revised that the cumulated trade gap at the end of the first quarter was EUR 442.4 m, down from prelim EUR 463.9 m and EUR 851.9 m in January-April last year.

The EUR 21.6 m revision came as the increase of imports on a yearly basis was
1.6 percentage points lower than that of exports.
Exports rose 18% yr/yr or by EUR 5,180 m in April and imports were up 16.4% or
EUR 5,336 m. The growth figures compared with a respective +12.4% and +7.0% in
March.
Exports in the first four months expanded by 18.1% to EUR 21,209 m and imports
totalled EUR 21,651 m, up 15.1% from the January-April period of 2006.

Hungary conducted 80% of exports with the European Union
(EU-27) and 71% of imports were directed to the country from the block.
The volume of exports to the EU rose by 17% and the import volume increased by
15% yr/yr.