Decreasing Trade Surplus

Surplus on Hungary’s external trade in goods amounted to EUR 811 million in November, exports decreased by 0.5% and imports went up by 0.4% compared to October, according to the latest data published by the Central Statistical Office.

In EUR terms, the value of exports was 6.9% and that of imports 1.9% higher in November 2020 than in the same period of the previous year. The balance of external trade in goods improved by EUR 482 million compared to November 2019. Compared to the previous month, the level of external trade hardly changed, exports went down by 0.5% and imports grew by 0.4%.

In November 2020, the value of exports amounted to EUR 10,140 million (HUF 3,659 billion) and that of imports to EUR 9,329 million (HUF 3,370 billion); the surplus on external trade in goods was EUR 811 million (HUF 289 billion); and the share of EU-27 Member States was 78% in exports and 70% in imports. Exports to the United Kingdom were 3.5% of total exports.

In November 2020, compared to a year earlier, the value of exports increased by 6.9% and that of imports by 1.9% in EUR terms.