Analysts: foreign trade surplus may decline further

The dynamic growth of domestic consumption and investment continues to exert a significant suction power on imports, while the uncertainty of external market activity risks jeopardizing export growth prospects, and foreign trade assets may continue to decline – analysts told MTI, on the basis of preliminary trade data of last November.

According to the first estimate of the Central Statistical Office (KSH) released on Wednesday morning, the value of exports in euro in November last year rose by 4.7 percent and imports by 7.3 percent, compared to the previous year. Foreign trade surplus decreased by 186 million euros to 496 million euros. In the first 11 months of last year, exports grew by 4.5 percent, imports by 7.0 percent over the same period of the previous year. (MTI)