The trade surplus in Hungary widened to HUF 224 billion in May 2019 from HUF 158 billion in the corresponding month of the previous year, according to preliminary estimates. Exports increased 7.4 percent to HUF 3,056 billion while imports rose at a softer 5.4 percent to HUF 2,832 billion. In the January to May period, the trade surplus fell by HUF 80 billion to HUF 895 billion, as exports went up 7.7 percent to HUF 14,720 billion and imports advanced 9 percent to HUF 13,825 billion. Balance of Trade in Hungary averaged 31202.84 HUF Million from 1988 until 2019, 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 70000.00 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 400000.00 in 12 months time. In the long-term, the Hungary Balance of Trade is projected to trend around 110000.00 HUF Million in 2020, according to our econometric models.

Hungary Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-08 07:00 AM Balance of Trade Feb HUF 283B HUF 123B HUF 260B
2019-05-09 07:00 AM Balance of Trade Mar HUF 213B HUF 259B HUF 220B
2019-06-07 07:00 AM Balance of Trade Apr HUF 80B HUF 203B HUF 140B
2019-07-09 07:00 AM Balance of Trade May HUF 224B HUF 85B HUF 170B
2019-08-08 07:00 AM Balance of Trade Jun HUF 224B HUF 350B
2019-09-06 07:00 AM Balance of Trade Jul HUF 90B
2019-10-09 07:00 AM Balance of Trade Aug HUF 20B


Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 223532.27 85429.16 361431.63 -246914.83 HUF Million [+]
Current Account 328.90 -426.00 2181.33 -2319.51 EUR Million [+]
Current Account to GDP 0.40 3.20 6.10 -10.80 percent [+]
Imports 2831983.60 2753493.00 2990399.88 27000.00 HUF Million [+]
Exports 3055515.87 2838922.16 3079187.55 26300.00 HUF Million [+]
External Debt 109460.75 106219.70 142673.70 22026.90 EUR Million [+]
Terms of Trade 99.61 99.61 104.59 96.04 Index Points [+]
Capital Flows 16.50 -574.40 5007.70 -2908.00 EUR Million [+]
Foreign Direct Investment 2085.30 2433.70 4221.40 -15097.10 EUR Million [+]
Remittances 323.50 347.80 458.20 46.20 EUR Million [+]
Gold Reserves 31.50 31.50 31.50 0.00 Tonnes [+]
Terrorism Index 0.36 0.84 2.32 0.00 [+]
Crude Oil Production 18.00 17.00 46.00 11.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Hungary Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
223532.27 85429.16 361431.63 -246914.83 1988 - 2019 HUF Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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