Hungary posts EUR 811 m trade surplus in November

Hungary posted a trade surplus of 811 million euros in November, a first reading of data released by the Central Statistical Office (KSH) on Monday shows.

Annualised exports rose for the third month in a row, while imports increased for the first time since the start of the pandemic, KSH said.

Exports climbed 6.9 percent to 10.140 billion euros and imports rose by 1.9 percent to 9.329 billion euros.

Trade with other European Union member states accounted for 78 percent of exports and 70 percent of imports.

For the period January-November, exports fell by 5.5 percent to 95.951 billion euros and imports dropped 6.9 percent to 90.581 billion euros. The trade surplus reached 5.370 billion euros.

As we wrote last week, Hungary’s three-month rolling average jobless rate was 4.4 percent in Sept-Nov, rising 0.9 of a percentage point from twelve months earlier, details HERE.