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HUNGARY POSTS EUR 583 M JAN TRADE SURPLUS

 

Hungary had a 583 million euro trade surplus in January, after the balance turned negative for the first time in almost a year in December, a second reading of data released by the Central Statistics Office (KSH) shows. Exports fell by an annual 6.8% to 11.506 billion euros. Imports dropped by 14.3% to 10.923 billion euros. Trade with other European Union member states accounted for 78% of Hungary’s exports and 69% of its imports during the month. Hungary’s terms of trade improved by 3.2% during the period as the forint firmed 3.4% against the euro and 4.6% to the dollar.