Hungary posted a trade surplus of EUR 886 million in March 2023, below the preliminary estimate of EUR 899 million, and shifting from a trade deficit of EUR 819.54 million in the corresponding month of the previous year. It was the second consecutive month of trade surplus, as exports rose more than imports. Exports grew by 17% year-on-year to EUR 14,216 million, while imports advanced at a slower 3.1% to EUR 13,330 million. Lastly, the share of EU Member States were 78% in exports and 68% in imports. source: Hungarian Central Statistical Office
Balance of Trade in Hungary averaged 150.74 EUR Million from 1999 until 2023, reaching an all time high of 1187.85 EUR Million in September of 2020 and a record low of -1577.63 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 June 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.