Exports and imports both down in Hungary – official data

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 on Monday.

Exports fell by an annual 15 percent to 12.2 billion euros. Imports dropped by 20 percent to 10.7 billion euros.

Exports were down 4.0 percent monthly, while imports fell by 3.0 percent.

Hungary’s trade balance improved by 512 million 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.

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