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Hungary trade surplus up to €816.4 mln in February

Hungary had a trade surplus of €816.4 million in February, up from €400.8 million in January, and also up from €394.2 million a year ago, the Central Statistics Office (KSH) said in a first reading on Friday.

The trade surplus was a balance of €6.65 billion of exports and €5.834 billion of imports, after €6.1 billion and €5.7 billion respectively in January, and up 26.8% and 20.3% from a year ago.

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

Exports increased 20.7% to €71.408 billion for the full year. Imports were up 18.9% at €65.88billion.

For the whole of last year, export growth in volume terms was 16.8%. Import growth in volume terms was 15.0%.

Last year, volume of exports and imports of Hungary within the European Union both grew by 15%.

Hungary's terms of trade were practically unchanged last year as the forint firmed 2% to the euro but weakened 3% against the dollar.