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Trade balance returns to surplus

Hungary had a 513 million euro trade surplus in February, the Central Statistical Office (KSH) said on Thursday.

Until February, Hungary, an export-driven economy where trade surpluses are the norm, had trade deficits every month for a little more than a year and a half.

Exports rose by an annual 10.5 percent to 12.6 billion euros, while imports increased by 3.8 percent to 12.1 billion.

Trade with other European Union member states accounted for 78 percent of Hungary’s exports and 68 percent of its imports during the month.

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