Hungary's trade surplus increased to HUF 283 billion in February 2019 from HUF 262 billion in the same month of the previous year, according to preliminary estimates. Exports grew 9.3 percent to HUF 2900 billion while imports rose 9.4 percent to HUF 2616 billion. In the first two months of 2019, the trade surplus narrowed by HUF 42 billion to HUF 407 billion, as imports surged 11.5 percent to HUF 5378 billion whereas exports advanced at a slower 9.7 percent to HUF 5785 billion. Balance of Trade in Hungary averaged 30149.95 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.

Balance of Trade in Hungary is expected to be 350000.00 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 280000.00 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.

Hungary Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-01-09 08:00 AM Balance of Trade HUF 159B HUF 98.8B HUF 110B
2019-02-08 08:00 AM Balance of Trade HUF 129B HUF 154B HUF 130B
2019-03-11 08:00 AM Balance of Trade HUF 120B HUF 129B HUF 160B
2019-04-08 07:00 AM Balance of Trade HUF 283B HUF 123B HUF 260B
2019-05-09 07:00 AM Balance of Trade HUF 283B HUF 220B
2019-06-07 07:00 AM Balance of Trade HUF 140B
2019-07-09 07:00 AM Balance of Trade HUF 170B


Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 284000.00 123445.24 361431.63 -246914.83 HUF Million [+]
Current Account -348.79 -242.86 2181.33 -2319.51 EUR Million [+]
Current Account to GDP 0.40 3.20 6.10 -10.80 percent [+]
Imports 2616000.00 2761940.19 2990399.88 27000.00 HUF Million [+]
Exports 2900000.00 2885385.43 3079187.55 26300.00 HUF Million [+]
External Debt 106219.70 104954.00 142673.70 22026.90 EUR Million [+]
Terms of Trade 99.04 99.52 104.59 96.04 Index Points [+]
Capital Flows -574.40 -196.20 5007.70 -2908.00 EUR Million [+]
Foreign Direct Investment 2085.30 2433.70 4221.40 -15097.10 EUR Million [+]
Remittances 323.50 347.80 458.20 46.20 EUR Million [+]
Gold Reserves 31.50 31.50 31.50 0.00 Tonnes [+]
Terrorism Index 0.36 0.84 2.32 0.00 [+]
Crude Oil Production 16.00 16.00 46.00 11.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Hungary Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Balance of Trade - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
284000.00 123445.24 361431.63 -246914.83 1988 - 2019 HUF Million Monthly




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


Related

Latest