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TRADE GAP AT EUR 165 M IN JAN

 

Hungary had a 165 million euro trade deficit in January, the Central Statistical Office (KSH) said on Friday. Hungary, an export-driven economy where trade surpluses are the norm, has had trade deficits every month for a year and a half. Exports rose by an annual 14.6% to 12 billion euros, while imports increased by 13.6% to 12.2 billion. Trade with other European Union member states accounted for 78% of Hungary’s exports and 67% of its imports during the month.