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.

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Hungary Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-09-01 07:00 AM Balance of Trade Final Jun €-408M €-95M €-471M
2022-09-08 07:00 AM Balance of Trade Prel Jul €-1150M €-408M €-765M €-780M
2022-10-03 07:00 AM Balance of Trade Final Jul €-408M €-1150M


Related Last Previous Unit Reference
Balance of Trade -1150.00 -408.00 EUR Million Jul 2022
Imports 11962.38 12447.08 EUR Million Jul 2022
Exports 10812.58 12039.07 EUR Million Jul 2022
Terms of Trade 94.43 94.31 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1150.00 -408.00 1187.85 -1150.00 1999 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Hungary Trade Deficit at Record High in July
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.
2022-09-08
Hungary Trade Balance Swings to Deficit in April
Hungary recorded a trade deficit of EUR 475 million in April of 2022, below market expectations of a EUR 550 million gap and compared to a EUR 338 million surplus in the corresponding month of the previous year, preliminary estimates showed. Exports increased 12.1 percent from a year earlier to EUR 11,052 million while imports advanced at a faster 21.1 percent to EUR 11,527 million.
2022-06-08
Hungary Trade Balance Swings to Deficit in March
Hungary recorded a trade deficit of EUR 503 million in March of 2022, below market expectations of a EUR 225 million gap and compared to a EUR 117 million surplus in the corresponding month of the previous year, preliminary estimates showed. Exports increased 8.7 percent from a year earlier to EUR 12,120 million while imports advanced at a faster 23 percent to EUR 12,623 million.
2022-05-09