The foreign trade surplus increased further: the weak import reflects the lack of domestic demand

By: trademagazin Date: 2011. 09. 09. 14:50

In the first seven months of the year, exports grew by 17 percent, compared with the import's growth of 14 percent.

In July, the value of Hungarian export was 6.2 billion euros, while the value of imports was 5.82 billion euros, that means a 6.6 and a 3 percent increase on an annual comparision – reported the Central Statistical Office on Friday.

The trade balance in the seventh month of the year was 100 billion HUF (374 million euros),  a surplus, which means the improvement of the balance by 53 billion HUF (211 million euros), compared to the same period of last year – writes origo.

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