Hungary had a 1.298 billion euro trade deficit in July, the Central Statistical Office (KSH) said in a second reading of data on Monday. A first reading of the data, released on September 8, showed a 1.150 billion euro trade deficit.
Monday’s data show exports rose by an annual 12.8% to 10.802 billion euros, while imports increased by 24.1% to 12.100 billion euros. For the period January-July, Hungary’s trade deficit reached 3.475 billion euros. Exports rose by 16.4% to 80.475 billion euros and imports climbed 27.4% to 83.951 billion euros. Hungary’s terms of trade deteriorated 6.5% in July from the same month a year earlier as the forint weakened 13% to the euro and 31% against the dollar.