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.
Key figures
Balance of external trade in goods
Indicator description
Difference between the value of goods exports and of goods imports in a particular month or in the months of the year processed to date in total, expressed in million\_euros. If the value of exports exceeds that of imports, then an external trade surplus, in the contrary case an external trade deficit is generated.
Source of data:
Summary Tables (STADAT)
Last data for period: March 2024
Change in volume of goods exports
Indicator description
Change in the quantity of goods exports compared to the same period of the previous year. Volume data eliminate the effects of price and exchange rate changes. The volume data here are not calendar adjusted.
Source of data:
Summary Tables (STADAT)
Last data for period: February 2024
Change in volume of goods imports
Indicator description
Change in the quantity of goods imports compared to the same period of the previous year. Volume data eliminate the effects of price and exchange rate changes. The volume data here are not calendar adjusted.
Source of data:
Summary Tables (STADAT)
Last data for period: February 2024
Balance of external trade in services
Indicator description
Difference between the value of services exports and of services imports in a particular quarter or in the quarters of the year processed to date in total. If the value of exports exceeds that of imports, then an external services trade surplus, in the contrary case an external services trade deficit is generated.
Source of data:
Summary Tables (STADAT)
Last data for period: Q4 2023
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The Weekly Monitor has been renewed
The HCSO Weekly Monitor is replaced by the HCSO Monitor starting 11 October 2023. The interactive collection of figures, available on the HCSO website, continues to inform about the latest domestic and international social and economic trends, at the same time figures of First Releases have been added to the subjects, as such the content of its categories changed to a certain extent.
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The figures of the HCSO Monitor may be downloaded, as before, in image and data formats (PNG, SVG and CSV).
Feel free to browse the latest data of the HCSO!
The surplus of the external trade in goods amounted to EUR 1,5 billion, the level of the external trade in goods decreased by 4.0% on the export side and by 3.0% on the import one, month-on-month, External trade in goods, March 2024 (first estimate)
The value of export was 15% lower, that of import decreased by 20% in EUR terms in March 2024 compared to the same period of the previous year. The balance of the external trade in goods improved by EUR 512 million. Compared to the previous month, the export of goods decreased by 4.0%, their import lessened by 3.0%.
The surplus of the external trade in services was EUR 2.6 billion in the 4th quarter, EUR 11 billion in 2023, External trade in services, 4th quarter 2023
In the 4th quarter of 2023 service exports calculated in EUR increased by 5.8%, their imports grew by 0.2% compared to the same period of the previous year. The surplus was EUR 2.6 billion, EUR 462 million more than in the 4th quarter of 2022. The surplus of the external trade in services was EUR 11 billion in 2023, being EUR 2.1 billion higher than one year earlier.
Statistical Yearbook of Hungary, 2022
Tens of thousands of data of the approximately 500 tables, graphs and maps offer an overview of Hungary’s demographic, social and economic processes, its environmental specifics and their timely changes. Unemployment in the 15–74 age group decreased year-on-year, being 3.6% in 2022. We amass this year commercial, private and other accommodation establishments in one unit, a novelty approach of our publication, providing a better picture about tourist traffic. Tourism nights at accommodation establishments were 39 million 821 thousand in 2022.
Hungary, 2022
The processes taken place in 2022 were mainly determined by the uncertain global environment due to the Russia-Ukraine war and the general and considerable price increases worldwide. Despite these challenges, the Hungarian economy's performance expanded by 4.6% year-on-year, above the EU average. Employment reached a new record high and average earnings rose significantly, but the impact of this was gradually eroded by surging inflation. Population decline continued at a lower pace than in the previous year.
Statistical Pocketbook of Hungary, 2022
Despite the adverse economic effects, GDP volume in 2022 was 4.6% higher than a year earlier, while the employment rate expanded to 74.4%. Fewer deaths followed the end of the pandemic, but the birth rate also fell compared to 2021. In addition to the above data, the tables and graphs in the latest edition of the Statistical Pocketbook of Hungary, published every spring, provide a comprehensive insight into the evolution of social and economic trends in Hungary in 2022.
Related themes
Methodological information
Related links
First releases |
Latest release | Next release |
---|---|---|
External trade in goods, March 2024 (first estimate) | 06/05/2024 | 05/06/2024 |
External trade in goods, February 2024 (second estimate) | 02/05/2024 | 31/05/2024 |
External trade in services, 4th quarter 2023 | 01/03/2024 | 31/05/2024 |
Publications |
Released |
---|---|
Hungary, quarters 1-3 of 2023 – On the path of disinflation | 10/01/2024 |
Regional Statistical Yearbook of Hungary, 2022 | 17/01/2024 |
Hungary, 1st semester of 2023 – disinflation started | 19/10/2023 |
Statistical Yearbook of Hungary, 2022 | 23/11/2023 |
Hungary, 2023 Q1 | 30/08/2023 |
Statistical Pocketbook of Hungary, 2022 | 14/06/2023 |
Hungary, 2022 | 28/06/2023 |
Hungary in figures, 2022 | 11/07/2023 |
Hungary, Quarter 3 2022 | 06/02/2023 |
Regional Statistical Yearbook of Hungary, 2021 | 10/01/2023 |
Release and revision calendarPublication repertory