Hungary posted a trade surplus of 1.5 billion euros in March, the Central Statistical Office (KSH) said in a preliminary reading of the data. Exports fell by an annual 15% to 12.2 billion euros. Imports dropped by 20% to 10.7 billion euros. Month on month, exports were down 4.0%, while imports fell by 3.0%. Hungary’s trade balance improved by 512 million euros. Trade with other European Union member states accounted for 77% of Hungary’s exports and 72% of its imports during the month.