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Foreign trade falls faster, big surplus continues in April

Hungary posted a €429.7 million trade surplus in April, preliminary figures published by the Central Statistical Office (KSH) show. April figures show an accelerated fall of both exports and imports. The trade surplus compares with €48.9 million surplus in April 2008.

Exports fell 29.4% and imports fell 35.4% from April last year. The decrease was faster compared to an 18.1% export contraction and a 23.5% import decline in March.

Foreign trade showed a surplus of €1.049 billion in the first four months as against a surplus of €331 million in January-April last year.

The April trade surplus came after a €194 million deficit in January, a €311 million surplus in February and €503 million surplus in March

January-April exports fell 27.1% to €18.508 billion and imports fell 30.3% to €17.46 billion.

2008 exports rose 5.5% to €72.784 billion from 2007, and imports rose 5.2% to €72.752 billion.

KSH will publish detailed figures for January-April on July 3. (MTI – Econews)