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Hungary trade surplus narrows to €479 mln in April

Hungary had a trade surplus of €479.0 million in April, down from an all-time high of €839.7 million in March, but up from €455.5 million a year earlier, the Central Statistical Office (KSH) said on Thursday.

The surplus narrowed after rising to new peaks in the previous two months. The pace of both exports and imports growth dropped from March and the gap between exports and import growth narrowed further.

The January-April trade surplus was €2.551 billion, up from €1.912 billion one year earlier.

April exports totaled €6.328 billion and imports totaled €5.849 billion.

April exports rose 13.2% year-on-year (yr/yr) after an 18.4% rise in March, and import growth also slowed, to 13.9% from 16.1% in March.

January-April exports reached €26.350 billion, rising 20.9% in euro terms, and imports, at €23.800 billion, were up 19.7% yr/yr in the period.

The trade surplus for the full year of 2010 was €5.525 billion, up from €3.74 billion in 2009.

KSH will publish a second reading of April figures, including details and volume changes, on June 30.