Deteriorating Balance of External Trade for Hungary

In October 2021, the volume of exports was 10% and that of imports 5.6% smaller than in the same period of the previous year. Compared to October 2019, the volume of external trade declined by 6.1% in exports and by 5.0% in imports. The deficit was EUR 302 million, the balance deteriorating by EUR 1.2 billion compared to a year earlier.

Compared to September, the seasonally and working-day adjusted volume of Hungarian exports increased by 1.0% and that of imports lessened by 2.9%, the country's Central Statistical Office reports.

In October 2021:
The value of exports amounted to EUR 10.3 billion (HUF 3,704 billion) and that of imports to EUR 10.6 billion (HUF 3,810 billion).

In October 2021 compared to a year earlier:
The value of exports increased by 0.3% and that of imports by 13% in EUR terms.

According to calendar-adjusted data, the volume of exports was cut by 9.2% and that of imports by 5.4%.

The balance of external trade in goods deteriorated by EUR 1.2 billion. (The balance was EUR 33 million more favourable than that published in the first estimate.)

The forint (HUF) price level of external trade in goods rose by 11% in exports and by 19% in imports compared to the same month of the previous year. The terms of trade deteriorated by 6.9%. The forint exchange rate strengthened by 0.5% against the euro and weakened by 0.9% against the dollar.