Thursday, a preliminary report by the Hungarian Central Statistical Office said the trade surplus stood at EUR492.8 million in March, representing an increase of EUR279 million from the same month last year. Economists expected the surplus to come in at EUR285 million.

Exports dropped 18.2% year-on-year to EUR5.17 billion in March, while imports fell 23.4% to EUR4.67 billion.

In the January-March period, there was a trade surplus of EUR609.3 million. Exports dropped 26.3%, while imports slipped 28.5% from the corresponding period in the previous year.

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