Fresh Central Statistical Office (KSH) data shows that Hungary’s trade balance returned to a surplus in November. Hungary, an export-driven economy where trade surpluses are the norm, had trade deficits every month since July. In November, the trade balance showed a surplus of 81 million euros. Exports rose by an annual 7.7 percent to 11.113 billion euros and imports climbed 13.6 percent to 11.033 billion euros. Trade with other European Union member states accounted for 77 percent of Hungary’s exports and 72 percent of its imports. For the period January-November, exports increased by 13.2 percent year on year to 109.255 billion euros and imports rose by 17.2 percent to 106.895 billion euros. The trade surplus reached 2.360 billion euros, narrowing from 5.339 billion euros in the same period a year earlier.
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