Hungary: Foreign Trade Declines

BusinessEconomy ♦ Published: November 30, 2012; 15:33 ♦ (Vindobona)

Surplus of HUF 215bn in external trade along with a decreasing turnover in September.

Hungary: Foreign Trade Declines / Picture: © Vindobona.org

In September, export and import volumes decreased by 4.9% and 5.8%, respectively compared to the base level. The export volume of machinery and transport equipment, having the highest proportion among the main commodity groups, fell by one tenth mainly due to the trade of telecommunications equipment and power generating machinery. A decrease…