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Hungary's final November trade surplus €409.5 mln

Hungary posted a trade surplus of €409.5 million in November, slightly below a preliminary estimate of €411.3 million, the Central Statistical Office (KSH) said.

The figure compares to a surplus of €471 million in October and €77.2 million in November 2008.

Imports in November fell by 9% compared to a year ago in euro terms, while exports were down by 3.3%. Hungary's imports plunged last year as the global crisis hammered domestic consumption, while exports also fell due to weaker European demand for products assembled in Hungary. Imports in the first 11 months fell by 26.8% year-on-year and exports were down by 20.4%.

In the January-November period, Hungary recorded a trade surplus of €4.19 billion, compared with a deficit of €237.8 million in the same period of last year. (Reuters)