November surplus revised down, trade values, volumes drop

Automotive

Hungary had a €659.5 million trade surplus in November 2012, €44 million down from the preliminary figure and up from €693.4 million one year earlier, the Central Statistics Office (KSH) said on Friday. Rising exports of the new Daimler plant failed to offset the drop caused by Nokia's transfer of production from Hungary to Asia, the figures suggest. November exports fell 2.0% in twelve months in euro terto €7.296 billion. Imports dropped 1.7% €6.637 billion. The drops were sharper in volume terms, with export volume dropping 4.3% and imports dropping 4.6% yr/yr, reflecting that export prices rose 2.4% in euro terand import prices were up 3.1% in the period.

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