Analysts say that the foreign trade outlooks are favorable

The outlooks of foreign trade are favorable – according to analysts interviewed by MTI who pointed out that the surge in exports can be mainly explained with the increasing performance of the domestic auto industry as well as with therecovery of the European economy.

The Central Statistical Office (KSH) in its first estimate revealed that in March the value of exports in euros was 12.9 percent, while the value of imports increased by 9.8 percent, compared with the previous year, while in February the exports increased by 6.0 and imports increased by 6.1 percent. In March, the trade balance surplus increased by 288 million euros to 929 million euros, compared to a year before. In the first quarter, exports increased by 7.7 and imports rose by 5.7 percent, while the trade surplus amounted to 2,486 billion euros, 530 million more than a year ago. (MTI)