The trade surplus in Hungary narrowed to HUF 159 billion in November of 2018 from HUF 212.8 billion in the same month a year earlier, according to a preliminary estimate. Imports increased 11.2 percent year-on-year to HUF 2,898 billion while exports rose at a softer 8.4 percent to HUF 3,058 billion. Considering the first eleven months of the year, the trade balance recorded a surplus of HUF 1,797 billion, as sales went up 7.7 percent to HUF 31,004 billion and purchases increased 10.3 percent to HUF 29,207 billion. Balance of Trade in Hungary averaged 29508.23 HUF Million from 1988 until 2018, 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 40000.00 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 80000.00 in 12 months time. In the long-term, the Hungary Balance of Trade is projected to trend around 50000.00 HUF Million in 2020, according to our econometric models.