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Trade surplus widens to EUR 708 million in August

Hungary's trade surplus reached 708 million euros in August, widening from 559 million euros in the previous month, the Central Statistical Office (KSH) said in a first reading of data on Monday.

Exports slipped by 1.5 percent year-on-year to 11.314 billion euros, falling for the first time in close to two years. Imports dropped by 18.9 percent to 10.606 billion euros, declining for the fifth month in a row.

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 8.9 percent year-on-year to 100.020 billion euros, while imports fell by 3.2 percent to 94.390 billion euros. The trade surplus reached 5.630 billion euros.

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