The trade surplus in Hungary widened to HUF 168 billion in November of 2019 from HUF 141.6 billion a year earlier. Exports increased 3.2 percent to HUF 3154 billion and imports rose at a slower 2.5 percent to 2986 billion. The share of European Union Member States was 80 percent in exports and 76 percent in imports. Considering the first eleven months of 2019, the country's surplus narrowed 41 percent to HUF 1588 billion, with exports rising 6.4 percent and imports 6.9 percent.

Balance of Trade in Hungary averaged 32491.96 HUF Million from 1988 until 2019, reaching an all time high of 361431.63 HUF Million in June of 2016 and a record low of -246914.83 HUF Million in April of 2004. This page provides - Hungary Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Hungarian Central Statistical Office

Balance of Trade in Hungary is expected to be 280000.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Hungary to stand at 90000.00 in 12 months time. In the long-term, the Hungary Balance of Trade is projected to trend around 110000.00 HUF Million in 2020, according to our econometric models.


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Hungary Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
168000.00 158048.06 361431.63 -246914.83 1988 - 2019 HUF Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 07:00 AM Aug HUF13B HUF67B HUF 20B
2019-11-11 08:00 AM Sep HUF 191B HUF13B HUF 70B
2019-12-09 08:00 AM Oct HUF 170B HUF 191B HUF 90B
2020-01-08 08:00 AM Nov HUF 168B HUF 170B
2020-02-07 08:00 AM Dec HUF 168B HUF 120B


News Stream
2019-12-09
Hungary Trade Surplus Widens in October
Hungary's trade surplus increased to HUF 170 billion in October 2019 from HUF 70 billion in the corresponding month of the previous year, according to preliminary estimates. Exports climbed 9.4 percent to HUF 3,349 billion while imports rose 6.3 percent to HUF 3,179 billion. In the first ten months of the year, the country's trade surplus narrowed to HUF 1,432 billion from HUF 1,487 billion, as shipments and purchases advanced 6.8 percent and 7.4 percent, respectively.

2019-10-09
Hungary Trade Balance Swings to Surplus in August
Hungary recorded a trade surplus of HUF 13 billion in August 2019 compared to a HUF 21 billion deficit in the same month of the previous year, according to preliminary estimates. Exports increased 3.7 percent to HUF 2,660 billion and imports rose 2.4 percent to HUF 2,647 billion. In the January to August period, the country's trade surplus shrank by HUF 285 billion to HUF 1,072 billion, as purchases surged 7.2 percent to HUF 22,157 billion while shipments advanced at a slower 5.5 percent to HUF 23,229 billion.

2019-09-06
Hungary Trade Surplus Widens Slightly in June
Hungary's trade surplus increased to HUF 91 billion in June 2019 from HUF 84 billion in the same month of the previous year, according to preliminary estimates. Exports grew 7.8 percent to HUF 2,926 billion and imports advanced 7.7 percent to HUF 2,835 billion.

2019-07-09
Hungary Trade Surplus Widens in May
The trade surplus in Hungary widened to HUF 224 billion in May 2019 from HUF 158 billion in the corresponding month of the previous year, according to preliminary estimates. Exports increased 7.4 percent to HUF 3,056 billion while imports rose at a softer 5.4 percent to HUF 2,832 billion. In the January to May period, the trade surplus fell by HUF 80 billion to HUF 895 billion, as exports went up 7.7 percent to HUF 14,720 billion and imports advanced 9 percent to HUF 13,825 billion.

2019-06-07
Hungary Trade Surplus Shrinks in April
The trade surplus in Hungary narrowed to HUF 80 billion in April of 2019 from HUF 150 billion in the same month of the previous year, according to preliminary estimates. Exports rose 6.3 percent to HUF 2,834 billion while imports advanced at a faster 9.5 percent to HUF 2,754 billion. In the January to April period, the trade surplus fell by HUF 152 billion to HUF 666 billion, as exports climbed 7.8 percent to HUF 11,660 billion and imports jumped 9.9 percent to HUF 10,994 billion.

2019-05-09
Hungary Trade Surplus Narrows in March
Hungary's trade surplus shrank to HUF 213 billion in March 2019 from HUF 218 billion in the same month of the previous year, according to preliminary estimates. Imports grew 6.9 percent to HUF 2,846 billion while exports advanced at a slower 6.2 percent to HUF 3,059 billion. In the first three months of 2019, the trade surplus narrowed by HUF 71 billion to HUF 596 billion, as purchases surged 9.9 percent to HUF 8,230 billion while shipments advanced at a slower 8.2 percent to HUF 8,826 billion.


Hungary Balance of Trade
Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. European Union is by far its largest trading partner, accounting for about 79% of exports and 76% of imports.

Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 168000.00 158048.06 361431.63 -246914.83 HUF Million [+]
Current Account -230.10 -53.10 1751.60 -2472.40 EUR Million [+]
Current Account to GDP 0.40 3.20 6.10 -10.80 percent [+]
Imports 2986335.98 3193240.64 3193240.64 27000.00 HUF Million [+]
Exports 3154451.21 3351288.69 3351288.69 26300.00 HUF Million [+]
External Debt 108861.92 110907.05 144792.66 15620.59 EUR Million [+]
Terms of Trade 101.81 101.91 104.34 96.04 points [+]
Capital Flows 166.40 1339.00 4965.30 -2846.60 EUR Million [+]
Foreign Direct Investment -844.90 1749.80 4256.60 -15036.60 EUR Million [+]
Remittances 238.80 252.90 385.40 57.00 EUR Million [+]
Gold Reserves 31.51 31.51 31.51 0.00 Tonnes [+]
Terrorism Index 0.18 0.36 2.32 0.00 [+]
Crude Oil Production 17.00 19.00 46.00 11.00 BBL/D/1K [+]