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Trade surplus widens to EUR 1.3 bn in September

Hungary's trade surplus reached 1.3 billion euros in September, widening from 665 million euros in the previous month, the Central Statistical Office (KSH) said in a second reading of data on Friday.

Exports fell by an annual 4.3 percent to 12.9 billion euros. Imports dropped by 19 percent to 11.5 billion euros.

Trade with other European Union member states accounted for 76 percent of Hungary’s exports and 69 percent of its imports during the month.

Hungary’s terms of trade improved 12 percent during the period as the forint firmed 4.3 percent to the euro and 11 percent against the dollar.

In January-September, Hungary’s exports increased by 7.2 percent year-on-year to 112.9 billion euros, while imports fell by 5.2 percent to 105.9 billion euros. The trade surplus reached 6.9 billion euros.

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