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Hungary posts H1 trade surplus of €2.055 billion

Hungary had a foreign trade surplus of €2.055 billion in the January-June slightly down from preliminary €2.078 billion, the Central Statistical Office (KSH) said in a second reading on Wednesday.

The trade surpluses compare to a €288 million surplus in the first half last year. Exports fell 25.5% from the first six months last year to €28.388 billion and imports were down 30.4% at €26.334 billion.

In June 2009, exports fell 21.1% in euro terms and 13.3% in volume terms, dropping less than the 24.0% and16.8% respective declines in May. Imports slipped 27.7% in euro terms and 20.1% in volume terms in June after respective declines of 32.5% and 25.7% in the preceding month. (MTI-Econews)