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Hungary trade surplus confirmed at €241m in July

Hungary had a €241 million trade surplus in July 2010, well down from a €564 million surplus in June and a €328 million surplus a year earlier, unchanged from a first reading, the Central Statistics Officer(KSH) said in a second reading on Thursday.

Export growth slowed after picking up in June, and import growth was little changed both in euro terms and in volume. Imports rose faster than exports did as opposed to June but similar to April and May.

Hungary posted a €3.101 billion trade surplus in the first seven months of 2010, well up from a €1.919 billion surplus recorded a year earlier, unchanged from the preliminary figures.

July exports were up 17.7% in twelve months in euro terms and rose 12.7% in volume terms. Imports rose 20.8% yr/yr in euro terms and rose 14.5% in volume terms in the period.

January-July exports rose 20.5% in euro terms and import volume was up 17.4% from a year earlier. Seven-month imports rose 18.0% yr/yr in euro terms and rose 15.0% in volume. In 2009, Hungary's exports dropped 19.4% and its imports dropped 24.8% from 2008. (MTI-Econews)