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March trade surplus of EUR 1.570 billion

Hungary posted a trade surplus in March of 1.570 billion euros, lower than 1.691 billion in February, the Central Statistical Office (KSH) said on Friday in a second reading of the data.

Exports fell by an annual 14 percent to 12.290 billion euros, while imports dropped by 19.3 percent to 10.720 billion.

Trade with other European Union member states accounted for 77 percent of Hungary’s exports and 72 percent of its imports during the month.

In the January-March period, Hungary had a trade surplus of 3.843 billion euros. Exports fell by 7.7 percent to 36.475 billion and imports declined by 15 percent to 32.632 billion.

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