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Hungary trade surplus again at all-time high in March

Hungary had a trade surplus of €831.1 million in March, a new all-time monthly high, slightly up from the previous all-time monthly record of €831.0 million in February, and up from €600.9 million a year ago.

Analysts expected a surplus of €770 million only from March.

The trade surplus was a balance of €7.258 billion of exports and €6.427 billion of imports, up 18% and 15.8%, respectively from a year ago, after adding 27.2% and 20.4% yr/yr in February, the Central Statistics Office (KSH) said on Tuesday in its 1st reading. Exports increased 19.5% from February and imports added 10.1% m/m.

Q1 exports reached €20.001 billion rising 23.4% in euro terms over Q1 2010. Imports, at €17.938 billion were up 21.6% yr/yr in euro terms.

The Q1 trade surplus widened to €2.063 billion. It was €1.457 billion in Q1 2010.

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