The trade deficit in Hungary jumped to EUR 1,283 million in November of 2022, widening sharply from EUR 41 million in the same month a year earlier and above market estimates of a EUR 653 million shortfall, preliminary estimates showed. Imports climbed by 29% year-on-year to EUR 14,415 million while exports rose at a slower 18% to EUR 13,132 million. source: Hungarian Central Statistical Office
Balance of Trade in Hungary averaged 152.16 EUR Million from 1999 until 2022, reaching an all time high of 1187.85 EUR Million in September of 2020 and a record low of -1579.90 EUR Million in August of 2022. This page provides - Hungary Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Balance of Trade in Hungary is expected to be -1200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Balance of Trade is projected to trend around -4500.00 EUR Million in 2024 and -4750.00 EUR Million in 2025, according to our econometric models.