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Hungary foreign trade falls slower, posts rising surplus in Q1 – preliminary

  Hungary posted a €609 million ($809 million) trade surplus in the Q1 including €493 million surplus in March, preliminary figures published by the Central Statistics Office (KSH) on Thursday show.

March figures show slightly slowing fall in both, exports and imports. The trade surplus compare with €282 million surplus in Q1 and €214 million surplus in March last year.

Exports fell 26.3% and imports fell 28.5% from January-March last year. March trade surplus came after €194 million deficit in January and €311 million surplus in February.

March exports fell 18.2% to €5,173 billion and imports fell 23.4% to €4,680 billion. March decrease in turnover was slightly easier compared to 29.7% export contraction and 32.9% import decline in February.

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 Q1 on June 4. (MTI-Econews)