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

By: trademagazin Date: 2007. 07. 02. 00:00

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.

 

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