Analysts: the trade surplus remains high, but is less than last year’s record

Because of the consumption and investment growth, as well as the expected rise in international oil prices, last year’s record-sized trade surplus is unlikely to be repeated this year, but the surplus this year will be significant analysts interviewed by MTI commented the preliminary data of the Central Statistical Office (KSH).

According to the the first estimate of the Central Statistical Office (KSH) released on Thursday, foreign trade surplus became 9.978 billion in 2016, euros after the 8.595 billion euros of 2015. Exports increased by 3.1 percent in euros, while imports increased by 1.7 percent and amounted to 93.274 billion and 83.295 billion euros. (MTI)