Hungary Trade Surplus Shrinks In July

Hungary Trade Surplus Shrinks In July

Hungary's foreign trade surplus decreased notably in July from a year ago, as imports grew faster than exports, preliminary figures from the Hungarian Central Statistical Office showed Friday.

The trade surplus fell to EUR 322 million in July from EUR 681 million in the corresponding month last year. Economists had expected the surplus to drop to EUR 660 million.

Both exports and imports climbed by 5.2 percent and 11.0 percent, respectively in July from last year.

The share of EU member states was 79 percent in exports and 78 percent in imports.

During the first seven months of the year, total trade surplus of the country was EUR 5.15 billion versus EUR 6.12 billion in the same period of 2016.