2020 : U.S. trade in goods with Austria . In the first seven months of the year, the country's trade surplus narrowed by HUF 187 billion to HUF 790 billion. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. There is no data available for your selected dates. View a sample. All electronic documents are online and immediately downloadable after the successful payment. Current situation of goods schedules— see also the current situation of goods schedules for the European Communities 4. That dollar amount reflects a 23.3% gain since 2015 but a -0.3% dip from 2018 to 2019. Hungarian Central Statistical Office provides Trade Balance in USD. 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. Download limits apply. 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. 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. 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. Suitable for enterprise usage. Trade balance is the value of exported goods minus the value of imported goods. 1. Exports of goods rose to USD 125.8 billion in 2018 from USD 113.8 billion a year earlier. This website stores cookies on your computer. Entry level access to the CEIC platform for individual users. Below you will find the last recordings for the indicator : Balance of trade (% of GDP). Hungary Trade Statistics. During the last five reported years the imports of Hungary changed by $17B from $96.5B in 2013 to $113B in 2018. Exports rose 1.6 percent to HUF 2976 billion while imports dropped 0.7 percent to HUF 2880 billion, amid the coronavirus crisis. Table reflects only those months for which there was trade. Not only the export level, but even our trade balance has improved in 2018. What is trade balance of Hungary? Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. 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 result is: -7.24 %. 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 trade balance, exports and imports by country 2016 In 2016, Hungary major trading partner countries for exports were Germany, Romania, Slovak Republic, Austria and France and for imports they were Germany, Austria, Poland, Slovak Republic and China. As for the geographical trends in Hungary’s foreign trade, we can say that the position of the OECD countries and first of all EU countries remained strong. Payable monthly by credit card. 1976 - 2020 | Monthly | USD mn | CEIC Data. 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. If you decline, your information won’t be tracked when you visit this website. Restrictions that were largely kept in place until May crushed household spending and fixed investment. Hungary’s Membership in International Organizations Hungary and the United States belong to a number of the same international organizations, including the United Nations, NATO, Euro-Atlantic Partnership Council, OSCE, Organization for Economic Cooperation and Development, International Monetary Fund, World Bank, and World Trade Organization. Positive trade balance … 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. 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. To find out more about the cookies we use, see our Cookies Policy. 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. Source: Badan Pusat Statistik . Available via annual subscription to one or more of CEIC’s global and premium databases. Hungary's Uruguay Round goods schedules (zip format, 589KB) 5. 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. 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. Between 1990 and 1996, the share of Hungary's trade with former socialist countries (other than CEFTA partners) roughly halved. The share of European Union Member States was 81 percent in exports and 73 percent in imports. Total Imports recorded 10.6 USD bn in Sep 2020, an increase of 10.5 % year on year. Get tariff data— includes explanations of bound and applied rates, the HS system and related jargon 2. Indonesia trade balance. By 2017, Hungary will mainly import products from Germany, China and Slovakia, which together account for 39% of total imports of Hungary. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. 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%. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (HUF bn), Central Government Revenue: ytd: TC: Value Added Tax (HUF mn), Central Government Revenue: ytd: TC: ET: Excise Tax (HUF mn), Central Government Expenditure: ytd (HUF mn), Export Volume Index: Same Month Previous Year=100, Import Volume Index: Same Month Previous Year=100. Hungary Trade Balance data is updated monthly, available from Jan 1976 to Oct 2020, with an averaged value of -49.1 USD mn. The share of European Union Member States was 77 percent in exports and 71 percent in imports. A single cookie will be used in your browser to remember your preference not to be tracked. Trade Balance prior to January 2002 is sourced from the International Monetary Fund.In the latest reports, Hungary Total Exports reached 12.0 USD bn in Oct 2020, an increase of 15.8 % year on year. In the first six months of the year, the country's trade surplus narrowed by HUF 311 billion to HUF 710 billion. Instant download of the data related to the indicator on this page including full history in Excel format. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. 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. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. Purchase by credit card. Hungary trade balance for 2019 was $5.92B, a 14.32% … European Union is by far its largest trading partner, accounting for about 79% of exports and 76% of imports. Hungary - Trade Balance The pandemic and its associated containment measures dealt an unprecedented blow to the economy in Q2. 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 Trade Balance data is updated monthly, available from Jan 1976 to Nov 2020, with an averaged value of -48.9 USD mn. However, the demographic decline of the country and the slow progress of the education system impede crucial structural transformation. 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. 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. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. In September, the trade Understanding the business environment through key figures of international trade providing info on the degree of openness to the outside: the share of imports and exports of goods and services in GDP, trade balance, current account, the main trading partners, the main products traded. All rights reserved, Unlimited access tailored to your data needs. Hungary - Hungary - Trade: Hungary was a charter member of Comecon (Council for Mutual Economic Assistance; 1949–91). (RTTNews) - Hungary's trade balance swung to deficit for the first time in nearly two years in April, final data from the Hungarian Central Statistical Office showed on Thursday. Data published Monthly by Central Statistical Office. The lowest data : 1993 is the lowest year for the indicator : Balance of trade (% of GDP). 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