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Hungary trade surplus widens to €690 mln in February

Hungary had a €690.1 million trade surplus in February, up from €419 million in January and down from €860.2 million in February 2011, the Central Statistics Office (KSH) said in a first reading on Friday.

February exports fell 1.2% yr/yr to €6.605 billion after rising 2.3% yr/yr in January. They dropped 1.1% in December in the first yr/yr export drop in two years.

Imports were up 1.5% in twelve months to €5.915 billion in February following a 2.7% twelve-month rise in the previous month. 

The surplus in the first two months reached €1.109 billion, down from €1.292 billion one year earlier.

Two-month exports rose 0.4% to €12.871 billion and two-month imports rose 2.1% to €11.762 billion.