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Trade surplus reaches EUR 1.7 billion 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 percent to 12.5 billion euros. Imports slipped by 2.9 percent to 10.8 billion.

Trade with other European Union member states accounted for 76 percent of Hungary’s exports and 75 percent of its imports during the month.

Hungary’s terms of trade improved by 1.7 percent during the period as the forint weakened 4.4 percent against the euro and 6.8 percent to the dollar.

For the period January-April, Hungary had a trade surplus of 5.6 billion euros. Exports fell by 3.9 percent to 49.0 billion and imports declined by 12.3 percent to EUR 43.4 billion.

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