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Trade surplus widens to EUR 1.7 billion in February

Hungary had a 1.7 billion euro trade surplus in February, widening from 583 million euros in January, a second reading of data released by the Central Statistical Office (KSH) on Thursday shows.

Exports edged down by an annual 1.5 percent to 12.680 billion euros. Imports dropped by 11.0 percent to 10.989 billion euros.

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

Hungary’s terms of trade improved by 2.0 percent during the period as the forint weakened by 0.8 percent against the euro and 0.1 percent to the dollar.

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