Are you sure?

Hungary posts trade surplus of €374 mln

Hungary had a €374 million trade surplus in February 2010, up from a January surplus of €290 million and a €296 million surplus a year earlier, the Central Statistical Office (KSH) said in a first reading.

Both export and import grew at a quicker yr/yr pace than in January, and exports rose slightly faster than imports. Hungary posted a €664 million trade surplus in the first two months of 2010, up from a €96 million surplus a year earlier.

Hungary has had a trade surplus each month since February 2009, and posted a full-year surplus of €3.979 billion in 2009. Exports rose 18.0% in twelve months to €5.252 billion in February 2010 and imports rose 17.4% to €4.493 billion in the period, both from a low base.

79% of Hungary's February exports went into the European Union and 68% of February imports came from EU members.

January-February exports rose 16.4% to €10.034 billion and two-month imports rose 9.9% to 9.370 billion. (MTI - Econews)