Hungary trade balance shifts to surplus in May

Hungary’s trade balance showed a surplus in May, after ten consecutive months of deficits, a first reading of data released by the Central Statistical Office (KSH) on Thursday shows.

Hungary, an export-driven economy, had a 135 million euro trade surplus in May.

Exports rose by 27.6 percent year-on-year to 12.116 billion euros and imports climbed 27.2 percent to 11.981 billion euros.

Trade with other European Union member states accounted for 76 percent of exports and 71 percent of imports.

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Source: MTI