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.