Hungarian Trade Deficit Narrows In July

Sep 7, 2007 - The Hungarian trade deficit narrowed to 165.0 million euros in July, the statistical office said Friday. A year ago, the trade deficit amounted to 369.7 million euros. Exports grew around 22% from the previous year and imports climbed nearly 17% in July.

During January to July, exports amounted to 38.44 billion euros and imports totaled 39.08 billion euros, resulting in a shortfall of 639.2 million euros.

The report noted that the share of EU member states in July was 80% in exports and 70% in imports.