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Hungary May trade surplus revised up to €730.4 mln

Hungary had a trade surplus of €730.4 million in May, revised up from €719.8 million in a first reading published early July, and sharply up from €479.3 million in April, but still down from an all-time high of €839.7 million in March, the Central Statistics Office (KSH) said on Wednesday in its second, final reading.

The surplus was €402 million in May last year.

The pace of both exports and imports growth accelerated yr/yr from April, and both in euro and in volume terms, exports rose again in May at a higher pace than imports. Exports grew faster than imports yr/yr also in February and March.

May exports rose 19.4% in euro terms to €6.814 billion and rose 15.6% in volume terms from a year earlier. Imports rose 14.6% in euro terms to €6.083 billion and increased 10.9% in volumes.

The January-May trade surplus was €3.281 billion, steeply up from €2.314 billion one year earlier, and was also better than the first reading's €3.271 billion.

Hungary had a trade surplus of €5.525 billion for the full year of 2010, up from a €3.74 billion surplus in 2009.