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Hungary March trade surplus revised up to €840 mln in 2nd reading

Hungary had a trade surplus of €839.7 million in March, a new all-time high, up from 831.1 million in a first reading and up from the previous record of €831.0 million in February, the Central Statistics Office (KSH) said on Thursday.

The surplus compared to €600.9m a year ago.

March exports were revised up €51 million to €7.279 billion of exports and imports were upped €12 million to €6.439 billion from the first reading published on June 10.

March imports rose 18.4% in euro terms and rose 13.1% in volume terms from a year earlier. Imports rose 16.1% in euro terms and rose 11.7% in volumes. The pace of both exports and imports growth dropped from February, and the gap between exports and import growth narrowed.

Q1 exports reached €20.022 billion rising 23.5% in euro terms and up 18.1% in volume terms over Q1 2010, KSH said. Imports, at €17.951 billion were up 21.7% yr/yr in euro terms and rose 16.0% in volume terms from a year earlier.

The Q1 trade surplus widened to €2.071 billion the revised figures show. It was €1.457 billion in Q1 2010.

The trade surplus for 2010 was €5.525 billion up from €3.74 billion in 2009.