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Hungary’s foreign trade surplus rose further €548 mln in July

Hungary posted a €548 million trade surplus in July, preliminary figures published by the Central Statistical Office (KSH) show.

The January-July trade surplus amounted to €2.603 billion as against €136 million deficit in the first seven months of 2008.

Exports fell 18.2% and imports decreased 31.7% from July last year. The decrease was slower compared to a 21.1% export contraction, but faster following a 27.7% import decline in June. Exports fell at the lowest rate since March, while imports declined for the 11th month in row at the highest rate in July.

The July trade surplus came after a €183 million deficit in January, a €319 million surplus in February, €548 million surplus in March, €423 million surplus in April, €490 million surplus in May and €457 million surplus in June.

January-July exports fell 24.5% to €33.5 billion and imports fell 30.6% to €30.85 billion.

2008 exports rose 5.5% to €72.784 billion from 2007, and imports rose 5.2% to €72.752 billion.

KSH will publish detailed figures for January-July on October 1. (MTI – Econews)