Trade Balance in Hungary

Hungary Trade Balance | Economic News & Forecasts

Hungary - Trade Balance

GDP growth moderated on an annual basis in Q3, and also weakened in sequential terms amid a notable slowdown in household spending and a decline in exports. Momentum likely remained subdued in Q4, as suggested by available indicators. Both industrial production and merchandise exports were downbeat year-on-year in October, likely restrained by input shortages. Moreover, consumer confidence averaged lower in Q4 than in the previous quarter, amid soaring inflation and the spread of the Omicron variant. That said, business sentiment strengthened in the quarter, while industrial production rebounded in November and Covid-19 infections have dropped since early December amid a fast rollout of the booster shot. Meanwhile, the government recently froze retail mortgage rates for a six-month period from January to protect households from higher borrowing costs—a move which could undermine the Central Bank’s efforts to curb soaring inflation.

Hungary - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)9.5  10.8  9.1  6.6  5.4  

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Hungary Trade Balance Chart

Hungary Trade
Note: Trade balance in EUR billion.
Source: National Bank of Hungary.

Hungary Facts

Value Change Date
Bond Yield2.080.0 %Dec 31
Exchange Rate295.1-0.68 %Jan 01

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