Foreign trade surplus may remain significant in the future

The foreign trade surplus may remain significant in the future, according to MTI’s macroeconomic analysts, who are expecting a further growth in exports in the coming months.

According to preliminary data published by the Central Statistical Office (KSH) on Tuesday, the value of exports in euro increased by 12.6 percent in the first quarter and imports increased by 14.6 percent compared to the previous year. The foreign trade surplus decreased by 72 million euros, but it amounted to 2,470 billion euros. Growth was particularly dynamic in March, with exports rising by 18.4 percent and imports by 21.0 percent year-on-year. Despite the significant imports, the export surplus amounted to 956 million euros, just 1.5 million fess than in last March – KSH reported. (MTI)