Foreign Trade With Hungary Shrinks

BusinessEconomy ♦ Published: January 9, 2013; 10:30 ♦ (Vindobona)

External trade in goods showed a surplus of € 704 million in November. Exports and imports fell by 1.7% in 2012.

Foreign Trade With Hungary Shrinks / Picture: © Vindobona.org

In the eleventh month of the year, exports and imports in € terms decreased by 1.7% and 2.0%, respectively compared to the extremely high base level in November 2011; thus, the trade balance in € terms slightly increased. At the same time, due to the significant change of foreign currency exchange rates, trade values in HUF terms showed a 10% drop in both…