The trade surplus in Hungary narrowed to HUF 95 billion in October 2018 from HUF 163.3 billion in the same month a year earlier, according to a preliminary estimate. Imports increased 14.8 percent year-on-year to HUF 2,968 billion while exports rose at a softer 11.4 percent to HUF 3,063 billion. Considering the first ten months of the year, the trade gap recorded a surplus of HUF 1,634 billion, as sales went up 7.6 percent to HUF 27,940 billion and purchases increased 10.2 percent to HUF 26,603 billion. Balance of Trade in Hungary averaged 29162.90 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 130000.00 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 149149.00 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.