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. Balance of Trade in Hungary averaged 30676.89 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.