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TRADE DEFICIT EUR 188 M IN DEC

 

Hungary posted a trade deficit of 188 million euros in December with the balance of trade improving by 110 million euros, the Central Statistical Office (KSH) said in a first reading of data on Monday. In volume terms, exports fell by an annual 7.8% to 10.4 billion euros, while imports dropped by 8.6% to 10.5 billion euros, KSH said. In a month-on-month comparison, exports dropped by 20%, while imports were down by 7.6% KSH said the negative turn was the result of a deteriorating energy balance on the import side and a decline in exports of the machinery industry. Trade with other European Union member states accounted for 75% of Hungary’s exports and 66% of its imports during the month of December.