Published on: 6 January 2026

The deficit of the external trade in goods was EUR 121 million in November compared to the same period of the previous year, the volume of export lessened by 8.6%, that of import grew by 3.8%.

The deficit was EUR 121 million, the balance decreased by EUR 765 million, year-on-year. The volume of export decreased by 8.6% compared to the same period of the previous year, that of import grew by 3.8%. The seasonally and working-day adjusted volume of export increased by 0.1% compared to October 2025, that of import grew by 3.7%.

In November 2025:

The value of export amounted to EUR 12.4 billion (HUF 4,780 billion), that of import was EUR 12.6 billion (HUF 4,826 billion).

In November 2025 compared to a year earlier:

The value of export decreased by 1.8% and that of import grew by 4.4% in EUR terms.

According to calendar-adjusted data, the volume of export fell by 5.9%, that of import increased by 6.8%.

The HUF price level of the external trade in goods increased by 0.7% in export and decreased by 5.6% in import, compared to the same month of the previous year. The terms of trade improved by 6.8%. The HUF exchange rate improved by 6.2% against the EUR and by 14% against the US dollar.

The export volume of machinery and transport equipment decreased by 7.5%, its import volume grew by 7.4%. The aggregate commodity group of machinery and transport equipment hastened the volume decrease in total turnover by 4.3 percentage points on the export side, and contributed to the total volume increase by 3.4 percentage points in imports.

The export volume of manufactured goods decreased by 7.0%, their import volume by 4.0%. The aggregate commodity group of manufactured goods contributed to the volume decrease in total export by 2.0 percentage points and slowed the volume growth by 1.4 percentage points in import.

The export volume of fuels and electric energy decreased by 15%, their import volume grew by 22%, year-on-year. The change in the turnover of fuels and electric energy hastened the volume decrease in total turnover by 0.6 percentage points in export and contributed to the volume increase in import by 2.2 percentage points.

The export volume of food, beverages and tobacco lessened by 11%, their import volume grew by 1.6%. The volume change realised by the aggregate commodity group hastened the export volume decrease by 0.8 percentage points, and contributed to the volume increase in import by 0.1 percentage points.

The volume of export to the EU-27 member states decreased by 8.4%, the volume of import from there stagnated. Compared to November 2024 the balance of the external trade in goods decreased by EUR 628 million, generating a surplus of EUR 405 million. This group of countries accounted for 75% of exports and 71% of imports.

In the extra-EU-27 trade the volume of export decreased by 6.4%, that of import grew by 12%. The balance of the external trade in goods with these countries deteriorated by EUR 137 million, showing a deficit of EUR 526 million.

In January–November 2025:

The value of exports amounted to EUR 136 billion (HUF 54,176 billion), that of imports to EUR 128 billion (HUF 51,062 billion).

In January–November 2025 compared to the one year earlier period:

The volume of export decreased by 1.0%, that of import grew by 2.3%.

The balance of the external trade in goods decreased by EUR 568 million, the surplus was EUR 7.8 billion.

The HUF price level of the external trade in goods increased by 3.4% on the export side, and by 0.5% on the import one, compared to the same period of the previous year. The terms of trade improved by 2.9%. The HUF depreciated against the EUR by 1.3%, and improved by 2.1% against the US dollar.

External trade in goods, January–November 2025

Denomination Export Import Balance
value, at current prices same period of the previous year=100.0% value, at current prices same period of the previous year=100.0% value, at current prices change compared to the same period of the previous year
Calculated in billion HUF54,176102.451,062102.93,113–166
Calculated in million EUR135,787101.1128,032101.67,755–568