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HUNGARY TRADE BALANCE SHOWS EUR 503 M DEFICIT

 

Hungary’s trade balance showed a 503 million euro deficit in March, the Central Statistical Office (KSH) said in a first reading of data released on Monday. Hungary, an export-driven economy where trade surpluses are the norm, had a deficit for the ninth month in a row. Exports rose by an annual 8.7% to 12.120 billion euros and imports climbed 22.6% to 12.623 billion euros. Trade with other European Union member states accounted for 78% of exports and 72% of imports.