The foreign trade balance improved further – besides declining exports and imports

In August, the foreign trade exports decreased by 10, imports by 15 percent, compared to a year earlier. In the January-August period, exports decreased by 17, imports by 23 percent compared to the same period of 2008 – reports Central Statistical Office.

The foreign trade balance showed assets of 815 billion HUF, which is a 875 billion HUF improvement, compared to January-August of 2008.
The export volume of food, beverages and tobacco products increased by 3 percent,  in the first eight months of 2009, while import volumes fell by 6 percent, over the same period the previous year.
Trade balance surplus towards the EU improved by more than 50 percent, and reached 1660 billion HUF.