Hungary has EUR 583 million trade surplus in January

Written by BT/MTI

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) on Tuesday shows.

Exports fell by an annual 6.8 percent to 11.506 billion euros. Imports dropped by 14.3 percent to 10.923 billion euros.

Trade with other European Union member states accounted for 78 percent of Hungary’s exports and 69 percent of its imports during the month.

Hungary’s terms of trade improved by 3.2 percent during the period as the forint firmed 3.4 percent against the euro and 4.6 percent to the dollar.