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Hungary June trade surplus €564m, little changed from 1st reading

Hungary had a €564 million trade surplus in June 2010, up from a downward revised €398 million trade surplus in May and a €317 million surplus a year earlier, the Central Statistical Office (KSH) said in on Wednesday. The figure is down just €3 million from a first reading published on August 6.

The January-June surplus came in at €2.860 billion, revised up from €2.812 billion trade surplus in the first reading after a revision of data from the first five months.

The KSH also revised last year's figures, scaling down the six-month surplus of 2009 to €1.591 billion from €1.729 billion, and revising down the full-year surplus to €3.738 billion from €3.98 billion.

Both in euro terms and in volume, export growth picked up but import growth slowed from May, the revised data show. Returning to the previous trend, June exports rose again faster than imports did after a quicker growth of imports in April and May.

June exports were up 19.8% in volume terms and rose 24.5% in euro terms in twelve months at €6,311 billion and imports rose 19.8% yr/yr to €5.747 billion in the period.

January-June exports rose 18.2% in volume terms and rose 21% in euro-terms to €33.971 billion. Six-month import volume was up 15.1% and rose 17.4% in euro terms to 31.11 billion.

The euro-term June and January-June figures, both nominal imports and paces, were revised up from the first reading. (MTI-Econews)