Hungary posts EUR 500 m trade surplus in November

Hungary posted a trade surplus of 500 million euros in November, 59 million euros more than the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data on Wednesday.

Exports decreased by 0.1 percent year on year to 9.469 billion euros, while imports fell by 0.8 percent to 8.969 billion.

Trade with other European Union member states accounted for about 80 percent of exports and 76 percent of imports.

For the period January-November, exports were up an annual 4.4 percent at 101.456 billion euros and imports rose by 4.9 percent to 96.590 billion.

The trade surplus for the period was 4.866 billion euros, narrowing by 277 million from the same period a year earlier.

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Source: MTI