Analysts: foreign trade surplus may be lower this year

The Central Statistical Office (KSH) significantly corrected the foreign trade balance – according to analysts interviewed by MTI. The analysts agreed that foreign trade surplus may be lower this year. According to the ING Bank, the foreign trade surplus can decrease to 5.4 billion euros, while the analyst of the Erste Bank forecasted a drop to 6.85 billion euros.

The Central Statistical Office (KSH) reported on Tuesday that the export calculated in euros, was 6.0 percent higher in June, compared to the previous year, while import calculated in euros, exceeded last year’s data by 5.2 percent, while the volume of export increased by 9.3 percent and the volume of import increased by 9.5 percent. (MTI)