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Trade surplus at EUR 665 million in August

Hungary's trade surplus was 665 million euros in August and its trade balance improved by 2.3 billion euros compared with the same month last year, the Central Statistical Office (KSH) said in a second reading of data on Thursday.

Exports fell by an annual 1.7 percent to 11.3 billion euros. Imports decreased by 19 percent to 10.6 billion euros.

Hungary’s terms of trade improved by 11 percent as the forint firmed 4.2 percent to the euro and 11 percent against the dollar.

Trade with other European Union member states accounted for 77 percent of Hungary’s exports and 70 percent of its imports during the month.

In January-August, Hungary’s exports increased by an annual 8.9 percent to 100.0 billion euros, while imports slipped 3.2 percent to 94.4 billion. In volume terms, exports were up 5.6 percent, while imports decreased by 1.1 percent. The trade surplus came to 5.6 billion euros, with the trade balance improving by 11.2 billion euros.

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