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Less Corn Could Arrive in Hungary in 2023

Dec 31, 2022

As Ukraine expects to have a smaller harvest next year than this year, Hungary will probably be able to import less from its northeastern neighbor. Ukraine's corn harvest could fall by almost half, from 41.9 million tons in 2021 to 22-23 million tons in 2022. The Russian invasion prevented the harvesting of grain in some […]

Increasing Garlic Production in Hungary

Nov 24, 2022

Last year, 5,611 tons of garlic were harvested from 829 hectares in Hungary, 8% more than the previous year, according to a summary by the Hungarian Agricultural Economics Institute (AKI). This year, the head size of garlic has become smaller due to drought, but the quality of the harvest is good. According to Central Statistical […]

Deteriorating External Trade Balance for Hungary

Dec 2, 2021

In September 2021, the volume of exports became 9.1% and that of imports 0.4% smaller compared to the same period of the previous year. Compared to September 2019, the volume of external trade increased by 0.7% in exports and by 4.7% in imports. The deficit was EUR 128 million, the balance deteriorating by EUR 1.3 billion compared to a year earlier.  […]

Falling Export and Import Figures

Jun 9, 2021

In EUR terms, the value of exports was 73% and that of imports 52% larger in April 2021 than the base in the same period of the previous year, which was low because of the epidemic and the related measures. The balance of external trade in goods improved by EUR 888 million, the Central Statistical […]

Decreasing Used Car Imports

Apr 6, 2021

A total of 30,971 used cars were imported into the country in the first quarter, down 18% from the same period last year. In March, the decrease was 11%. Almost a third of imported used cars are made up of three brands: Volkswagen 10.6%, Opel 10% and Ford 9.7%. While nearly 40,000 used cars flowed […]

Worsening but Positive External Trade in Hungary

Feb 8, 2021

Surplus on external trade in goods amounted to EUR 310 million in December, exports decreased by 18% and imports by 14% compared to November. Latest figures by the Central Statistical Office suggest that in EUR terms, the value of exports was 12% and that of imports 9.2% higher in December 2020 than in the same period of […]

Decreasing Surplus in Hungary's Foreign Trade

Feb 1, 2021

Surplus on Hungary's external trade in goods amounted to EUR 836 million in November, exports grew by 0.4% and imports by 1.1% compared to October, the Central Statistical Office reported this Monday. In November 2020, the volume of exports increased by 12% and that of imports by 7.7% compared to the same period of the previous year. […]

Falling Surplus in External Trade in Services

Nov 30, 2020

In the third quarter of 2020, Hungarian service exports and imports – calculated in euros – decreased by 33% and 31%, respectively, compared to the same period of the previous year. According to figures published by the country's Central Statistical Office, t he surplus was EUR 1,653 million, which is EUR 908 million less than in the […]

Hungary in Need of Growing Raspberry Imports

Aug 20, 2020

Although domestic raspberries may be less and less available to consumers due to reduced production as a result of climatic conditions, these berries are becoming increasingly popular with Hungarian consumers. According to data by the Central Statistical Office, only last year, the amount of raspberries coming to the country from abroad increased by more than […]

Older and Older Used Cars Imported to Hungary

Aug 4, 2020

In July, the number of used cars imported from abroad exceeded 12,000. Mostly older cars come from the west. In July this year, according to DataHouse, 12,196 imported passenger cars were put on the domestic market, an increase of 13% compared to the previous month and 61% compared to the low in April. With this, […]

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