Trade Surplus at EUR 886 mln in March

Trade

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Hungary's trade surplus reached EUR 886 million in March, the Central Statistical Office (KSH) said in a second reading of data released last week.

The surplus widened from EUR 581 mln in February when Hungary posted a positive trade balance for the first time in a little more than a year and a half.

Exports rose 17.3% year-on-year to EUR 14.216 billion, while imports increased 3.1% to EUR 13.33 bln. Trade with other European Union member states accounted for 78% of Hungary's exports and 68% of its imports during the month.

Terms of trade improved by 5.2% as the forint weakened by 2.1% to the euro and 5.2% against the dollar.

In January-March, Hungary's exports increased 15.2% year-on-year to EUR 39.186 bln, while imports rose 7.9% to EUR 38.132 bln. The trade surplus reached EUR 1.054 bln.

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