Trade Surplus at EUR 1.58 bln in November
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Hungary's trade surplus reached EUR 1.58 billion in November, widening from EUR 1.003 bln in the previous month, the Central Statistical Office (KSH) said in a second reading of data this week.
Exports slipped 3.1% year-on-year to EUR 12.983 bln. Imports dropped 23.2% to EUR 11.404 bln, the steepest decline in more than three years.
Trade with other European Union member states accounted for 77% of Hungary's exports and 75% of its monthly imports. Hungary's terms of trade improved 9.8% during the period as the forint strengthened 6.9% against the euro and 12% to the dollar.
For January-November 2023, Hungary's exports rose 5.6% to EUR 138.619 bln, and imports fell 7.9% to EUR 129.11 bln. The trade surplus reached EUR 9.509 bln.
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