Hungary June trade surplus revised downward to EUR 801 m

Budapest, September 2 (MTI) – Hungary posted a trade surplus of 801 million euros in June, based on a second reading of data, revised down from 820 million, the Central Statistical Office (KSH) said on Wednesday.

The revised surplus was up 353 million euros from a year earlier.

Exports climbed by 13.9 percent to 8.062 billion euros during the period. Imports rose by 9.5 percent to 7.261 billion, KSH said.

Economy ministry official Bela Glattfelder told public television’s M1 channel after the release that the trade surplus is expected to hit a record high this year. The state secretary for economic regulation said that the trade balance has been positive every year since 2010. This is partly to do with the strength of Hungarian industry and production but is also an effect of shrinking imports and low oil and other energy prices.

Source: http://mtva.hu/hu/hungary-matters