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Fundamental updates by Solid ECN
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[QUOTE="SOLIDECN, post: 229091, member: 80239"] [HEADING=1]Hungary's Record Trade Surplus in Nov 2023[/HEADING] [JUSTIFY]Solid ECN - In November 2023, Hungary reported a significant improvement in its trade balance, with a surplus of €1,580 million. This is a notable change compared to the €1,395 million deficit experienced in the same month the previous year. The country has enjoyed a continuous trade surplus for ten months, reaching its highest level since 1999. The decrease in exports was relatively minor at 3.1%, totaling €12,983 million, whereas imports saw a more substantial drop of 23%, amounting to €11,404 million. Most of the trade, involving imports and exports, was with European Union countries, which made up 77% of exports and 75% of imports. From January to November, Hungary achieved a trade surplus of €9,509 million.[/JUSTIFY] [/QUOTE]
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