Surplus on external trade in goods amounts to EUR 436 million in March
In EUR terms, the value of exports decreased by 7.3% and that of imports by 5.5% in March 2020 compared to the same period of the previous year. The balance of external trade in goods deteriorated by EUR 208 million. The decline in global demand caused by the corona virus epidemic resulted in a substantial deterioration in Hungary's external trade performance. The effect of the corona virus epidemic on external trade in goods can be examined in the second estimate, by when the detailed data will be available.
In March 2020:
The value of exports amounted to EUR 9,003 million (HUF 3,089 billion) and that of imports to EUR 8,566 million (HUF 2,936 billion).
The surplus on external trade in goods was EUR 436 million (HUF 153 billion).
The share of EU-27 Member States was 77% in exports and 74% in imports.
In March 2020 compared to a year earlier:
The value of exports decreased by 7.3% and that of imports by 5.5% in EUR terms.
External trade in goods
| Denomination | Exports | Imports | Balance | |||
|---|---|---|---|---|---|---|
| value, at current prices | same period of previous year = 100.0% | value, at current prices | same period of previous year = 100.0% | value, at current prices | change compared to same period of previous year | |
| March 2020 | ||||||
| Billion HUF | 3 089 | 100.6 | 2 936 | 102.4 | 153 | –49 |
| Million EUR | 9 003 | 92.7 | 8 566 | 94.5 | 436 | –208 |
| January–March 2020 | ||||||
| Billion HUF | 9 372 | 106.1 | 8 693 | 105.2 | 679 | 109 |
| Million EUR | 27 739 | 99.9 | 25 748 | 99.2 | 1 990 | 187 |