Hungary recorded a trade surplus of 51715.11 HUF Million in May of 2020.

Balance of Trade in Hungary averaged 33235.35 HUF Million from 1988 until 2020, reaching an all time high of 381947.68 HUF Million in February of 2020 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. Hungary Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Hungarian Central Statistical Office

Balance of Trade in Hungary is expected to be 310000.00 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 170000.00 in 12 months time. In the long-term, the Hungary Balance of Trade is projected to trend around 110000.00 HUF Million in 2021 and 190000.00 HUF Million in 2022, according to our econometric models.

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Hungary Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
51715.11 -195236.36 381947.68 -246914.83 1988 - 2020 HUF Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-04-08 07:00 AM Feb HUF378B HUF144B HUF 220B
2020-05-08 07:00 AM Mar HUF153B HUF382B HUF 280B
2020-06-09 07:00 AM Apr HUF-213B HUF107B HUF50B
2020-07-09 07:00 AM May HUF52B HUF-195B HUF100B
2020-08-07 07:00 AM Jun HUF52B HUF 170B
2020-09-08 07:00 AM Jul
2020-10-09 07:00 AM Aug
2020-11-06 08:00 AM Sep HUF 310B

News Stream
Hungary Posts Largest Trade Gap in 16 Years
Hungary posted a HUF 213 billion trade deficit in April 2020, compared with a HUF 81 billion in the same month last year, a preliminary estimate showed. That was the first trade gap since August 2018 and the largest since a record high in April 2004 as exports and imports tumbled 30.1 percent and 20.4 percent, respectively, amid the coronavirus pandemic.
Hungary Trade Surplus Widens in January
The trade surplus in Hungary rose to HUF 147 billion in January of 2020 from HUF 121 billion a year earlier, a preliminary estimate showed. Exports surged 7.1 percent to HUF 3080 billion while imports advanced at a slower 6.4 percent to HUF 2933 billion. The share of European Union Member States was 81 percent in exports and 73 percent in imports.
Hungary Trade Surplus Narrows in December
The trade surplus in Hungary narrowed to HUF 43.77 billion in December 2019 from HUF 123.62 billion a year earlier. Exports went up 1.9 percent to HUF 2512 billion while imports rose at a faster 5.4 percent to HUF 2468 billion. The share of European Union Member States was 77 percent in exports and 74 percent in imports. For full 2019, the country’s trade surplus narrowed by HUF 126 billion to HUF 1627 billion, with exports advancing 6.1 percent and imports 6.9 percent.
Hungary Trade Surplus Rises in November
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.

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.