Hungary's trade balance, which was traditionally in deficit, started posting surpluses more recently owing in particular to the good health of the German economy. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. Data published Monthly by Central Statistical Office. The difference between the monetary value of exports and imports of output in an economy over a certain period. The result is: -7.24 %. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. Entry level access to the CEIC platform for individual users. Hungary services export is 29,486,780,323 in BoP, current US$ and services import is 20,609,080,499 in Bop, current US$.Hungary exports of goods and services as percentage of GDP is 84.94% and imports of goods and services as percentage of GDP is 80.57%. The maximum value was 416881 HUF Million and minimum was -246915 HUF Million. Hungary - Trade Balance The pandemic and its associated containment measures dealt an unprecedented blow to the economy in Q2. Given expectations for a couple more months of trade surpluses, IDR will be supported in the near term. 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. The trade surplus in Hungary widened to HUF 96 billion in July 2020 from HUF 26 billion in the corresponding month of the previous year, a preliminary estimate showed. Hungary Trade Balance recorded a surplus of 1.1 USD bn in Oct 2020, compared with a surplus of 1.3 USD bn in the previous month. The analysed country is : Hungary. Moreover, lockdowns abroad weighed heavily on foreign demand, hitting Hungary’s export-oriented industrial sector. The Hungarian economy is very open, trade representing roughly 160% of the GDP. 1988-2020 Data | 2021-2023 Forecast | Calendar | Historical. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. © 2021 CEIC Data, an ISI Emerging Markets Group Company. Not only the export level, but even our trade balance has improved in 2018. Hungary trade balance for 2019 was $5.92B, a 14.32% … Below you will find the last recordings for the indicator : Balance of trade (% of GDP). 1976 - 2020 | Monthly | USD mn | CEIC Data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In the first six months of the year, the country's trade surplus narrowed by HUF 311 billion to HUF 710 billion. Table reflects only those months for which there was trade. The deterioration of our balance is visible in the case of non-European countries. Available via annual subscription to one or more of CEIC’s global and premium databases. If you decline, your information won’t be tracked when you visit this website. Hungary Trade Balance data is updated monthly, available from Jan 1976 to Oct 2020, with an averaged value of -49.1 USD mn. View a sample. About Hungary Foreign Trade Balance EUR The international trade balance measures the difference between the movement of merchandise trade leaving a country (exports) and entering a … Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. All rights reserved, Unlimited access tailored to your data needs. Total Imports recorded 10.6 USD bn in Sep 2020, an increase of 10.5 % year on year. Instant download of the data related to the indicator on this page including full history in Excel format. Hungary has benefited in recent years from a change in direction of FDI from low-value textile and food-processing sectors to wholesale, retail trade and repair of vehicles. Hungary's trade balance surplus came in at €1.07bn in June 2018, which is €119m higher compared to the same period last year. Hungary Inflation Holds Steady at 7-Month Low, Hungary Construction Output Rebounds in November, Hungary Industrial Output Grows More than Expected, Hungary Producer Inflation Softens to 5.5% in November, Hungary Gross Wage Growth Steady in October, Hungary Jobless Rate Rises to 4.4% in September-November, Hungary Factory Activity Expands for 3rd Month, Hungary Current Account Swings to Surplus, Israel Q3 GDP Recovers More than Initially Thought, Gold Falls for 2nd Week on Stronger Dollar, US Stocks Extend Decline, Book Weekly Loss, Dominican Republic Inflation Rate Highest in 7 Years, Sri Lanka Producer Inflation at 6-Month Low. Hungary Trade Balance data is updated monthly, available from Jan 1976 to Nov 2020, with an averaged value of -48.9 USD mn. Official company data: Copy of Register, E-Signed Copy of Register (in .es3 format), Official copy of company records, Balance sheet, profit and loss statement, company information for all the Hungary based companies in 2 minutes. Hungarian Central Statistical Office provides Trade Balance in USD. Regarding the trade activity of Hungary, the trade of services reached a greater proportion in the past two decades and managed to achieve a positive balance in the past years. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The data reached an all-time high of 1.3 USD bn in Sep 2020 and a record low of -1.2 USD bn in Apr 2004. During the last five reported years the imports of Hungary changed by $17B from $96.5B in 2013 to $113B in 2018. See the goods schedules gatewayfor explanations and background 3. Payable monthly by credit card. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Trade surplus to lend support to IDR in the near term. 1. The trade surplus in Hungary rose to HUF 240 billion in June of 2020 from HUF 157 billion a year earlier, a preliminary estimate showed. Current situation of goods schedules— see also the current situation of goods schedules for the European Communities 4. Direct access to our calendar releases and historical data. Instant access to full history data in excel. Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Details may not equal totals due to rounding. Between 1990 and 1996, the share of Hungary's trade with former socialist countries (other than CEFTA partners) roughly halved. Positive trade balance … Get tariff data— includes explanations of bound and applied rates, the HS system and related jargon 2. Hungary posted a HUF 213 billion trade deficit in April 2020, compared with a HUF 81 billion in the same month last year, a preliminary estimate showed. However, the demographic decline of the country and the slow progress of the education system impede crucial structural transformation. Exports of goods rose to USD 125.8 billion in 2018 from USD 113.8 billion a year earlier. This is the biggest monthly surplus since June 2016, although in the last four years June data has been always outstanding, which could be explained by seasonal effects. Exports grew 4.2 percent to HUF 2973 billion whereas imports rose at a slower 1.4 percent to HUF 2733 billion, prompted by the easing in coronavirus-related restrictions. Exports rose 1.6 percent to HUF 2976 billion while imports dropped 0.7 percent to HUF 2880 billion, amid the coronavirus crisis. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. The share of European Union Member States was 78 percent in exports and 68 percent in imports. What is trade balance of Hungary? In 2018 Hungary imported $113B, making it the number 34 trade destination in the world. Restrictions that were largely kept in place until May crushed household spending and fixed investment. A Central European nation sharing land borders with Slovakia, Ukraine, Austria, Romania, Serbia, Croatia and Slovenia, Hungary shipped US$123.6 billion worth of goods around the globe in 2019. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. All electronic documents are online and immediately downloadable after the successful payment. Hungary's Uruguay Round goods schedules (zip format, 589KB) 5. The trade surplus in Hungary rose to HUF 147 billion in January of 2020 from HUF 121 billion a year earlier, a preliminary estimate showed. Hungary's consumer price inflation eased to the lowest level in more than two years in May, data from the Hungarian Central Statistical Office showed on Tuesday. In Hungary, the country’s balance of payments (BoP) and the statistics on the size of and changes in the stocks of its external financial assets and liabilities (international investment position, IIP) are compiled by the Magyar Nemzeti Bank. The trade balance is traditionally a deficit. These cookies are used to collect information about how you interact with our website and allow us to remember you. A kereskedelmi mérleg és a versenyképesség alakulása nem mutat változást. However, as an effect of the global recession, the volume of trade has decreased and due to the fall in imports being quicker than the increase in exports, the trade balance became positive. Publish your articles and forecasts in our website. The report notes that because of Hungary's preferential trade arrangements, MFN tariffs apply to less than a quarter of Hungary's imports. This website stores cookies on your computer. Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time.
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