Hungary has foreign trade surplus of €170 mln in Marc

Figures

Hungary posted a €169.6 million trade surplus in March as against a deficit of €118.3 million in March 2007, preliminary figures published by the Central Statistics Office on Friday show.

The surplus is the second one in a row after a surplus of €157 million in February, March exports rose 3.9% in twelve months to €6.135 billion, and imports increased 3.1% to €5.966 billion.

Trade growth slowed sharply from export growth rates of 17-18% and import growth of 14% in both January and February. January-March trade showed a preliminary surplus of €247 million as against a deficit of €152 million in the same period last year. Three-month exports rose 12.7% to €18.322 billion and imports were up 10.2% at €18.075 billion.

Hungary posted a foreign trade deficit of €308 million in 2007, in a sharp fall from an €2.379 billion deficit in 2006. 2007 exports rose 16.2% in euro terms and imports rose 12.12%. KSH will publish detailed and revised March trade figures on June 4. (MTI-Econews)

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