Hungary has foreign trade surplus of €170 mln in Marc
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)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.