External trade and balance of payments

External trade statistics are made up of two main areas. Goods trade statistics collect data on the movement of physically existing goods among countries, while external services trade statistics take account of international trade in typically intangible services (e.g. travel, transport). Although services account for the larger part of production, some four-fifths of external trade is in goods. The difference is due to the differing degrees of storability and transportability. The balance of payments is a statistical statement that systematises the economic transactions of a particular country with the rest of the world in a particular period.

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The deficit of the external trade in goods amounted to EUR 165 million in January, External trade in goods, January 2023 (first estimate)

The value of exports in EUR terms was 15% and that of imports 14% higher in January 2023 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 78 million. Compared to the previous month, the level of export in goods increased by 7.3% and that of import grew by 7.2%.

The surplus of the external trade in services was EUR 2.2 billion in the 4th quarter, EUR 9.0 billion in 2022, External trade in services, 4th quarter 2022

In the 4th quarter of 2022 service exports calculated in EUR increased by 18%, their imports grew by 8.7% compared to the same period of the previous year. The surplus was EUR 2.2 billion, EUR 724 million more than in the 4th quarter of 2021. Exports decreased by 6.1%, imports increased by 0.7%, the surplus fell by EUR 536 million compared to the previous quarter. The surplus of the external trade in services was EUR 9.0 billion, EUR 3.1 million more year-on-year.

Statistical Yearbook of Hungary, 2021

The approximately 500 tables, graphs and maps and tens of thousands of data the Statistical Yearbook of Hungary contains give, for almost one and a half century, an overview of the social and economic processes of the country in the given year. Besides paying attention to the ever changing socio-economic environment and user demands we always strive to share new information: the health chapter broadened this year with indices regarding outpatient care, time series of healthcare expenses, life expectancy in good health and the number of Covid19 infected people.

Statistical Pocketbook of Hungary, 2021

2021 was the recovery year from the COVID-19 pandemic, the economy restarted, its performance –following the 2020 setback – surpassed the previous year’s by 7.1%. The pocketbook, published every spring, offers through its tables an insight into the 2021 developments of Hungary’s social, economic processes.

Hungary's external trade in 2019

The corona virus epidemic reached global levels in March 2020. The government's and enterprises' measures implemented to mitigate risks influence substantially Hungary's external trade size and structure. The majority of the countries mostly hit by the epidemic belong to Hungary's main partners in external trade in goods. Germany had an outstanding share of 27% of the total trade in goods, the proportion of France, China, Italy and Spain was 2–5% each in 2019.