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Analysts put full-year trade surplus at maximum of €5.3 billion

Hungary's trade surplus could reach €3.8 billion - €5.3 billion in 2010, analysts told MTI after fresh trade balance data was published.

Hungary had a €374 million trade surplus in February, up from a surplus of €290 million in January and a €296 million surplus twelve months earlier, the Central Statistical Office (KSH) said in a first reading in the morning. Both export and import growth picked up, and the rise in imports was only slightly under that of exports. In the past months, Hungary's trade surplus was boosted by a pick-up on its biggest export markets while domestic demand remained in the doldrums.

MKB Bank analyst Zsolt Kondrát said the surplus for January-February was in line with the bank's expectations. He said the March surplus could be bigger than the one in February and he put the full-year surplus at €5.3 billion.

János Samu of Concorde Securities said imports would grow at a faster clip from the summer because of an increase of investments, especially in the local government sector. He put the full-year trade surplus at €3.8 billion. (MTI - Econews)