Hungary recorded a trade deficit of EUR 1,150 million in July of 2022, well above market expectations of a EUR 765 million deficit and sharply widening from the EUR 145 million gap in the corresponding period of the previous year. It was the highest trade gap on record, as imports jumped by 23 percent to EUR 11,962 million. On the other hand, exports rose a softer 13 percent to EUR 10,813 million. source: Hungarian Central Statistical Office
Balance of Trade in Hungary averaged 171.14 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 -1150 EUR Million in July 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 September of 2022.
Balance of Trade in Hungary is expected to be 2900.00 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 -800.00 EUR Million in 2023, according to our econometric models.