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TRADE SURPLUS EUR 1.7 BN IN APRIL

 

Hungary had a 1.7 billion euro trade surplus in April, expanding from 1.6 billion in March, the Central Statistical Office (KSH) said in a second reading of data on Monday. Exports rose by an annual 9.2% to 12.5 billion euros. Imports slipped by 2.9% to 10.8 billion. Trade with other European Union member states accounted for 76% of Hungary’s exports and 75% of its imports during the month. Hungary’s terms of trade improved by 1.7% during the period as the forint weakened 4.4% against the euro and 6.8% to the dollar. For the period January-April, Hungary had a trade surplus of 5.6 billion euros. Exports fell by 3.9% to 49.0 billion and imports declined by 12.3% to EUR 43.4 billion.