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Trade balance deteriorates in June

Trade balance deteriorates in June

Budapest Times31-07-2025
The surplus was EUR 978 million, the balance decreased by EUR 145 million, year-on-year. The volume of export worsened by 0.7% compared to the same period of the previous year, that of import increased by 6.0%. The seasonally and working-day adjusted export volume decreased by 1.4% compared to 2025. May, while that of import improved by 1.6%.
In June 2025 the value of export amounted to EUR 12.3 billion (HUF 4,935 billion), that of import was EUR 11.3 billion (HUF 4,541 billion).
In June 2025 compared to a year earlier the value of export increased by 0.1% and that of import improved by 1.4% in EUR terms.
According to calendar-adjusted data, the volume of export decreased by 0.7%, that of import increased by 5.9%.
The HUF price level of the external trade in goods increased by 2.7% in export and decreased by 2.5% in import, compared to the same month of the previous year. The terms of trade improved by 5.3%. The HUF exchange rate depreciated by 1.9% against the EUR and improved by 4.8% against the US dollar.
The export volume of machinery and transport equipment decreased by 1.2%, its import volume improved by 6.8%. The aggregate commodity group of machinery and transport equipment hastened the volume decrease in total turnover by 0.7 percentage points on the export side, and contributed to the total volume increase by 3.2 percentage points in imports.
The export volume of manufactured goods decreased by 3.8%, while their import volume improved by 3.8%. The aggregate commodity group of manufactured goods contributed to the volume decrease in total export by 1.1 percentage points and contributed to the total volume growth by 1.4 percentage points in import.
The export volume of fuels and electric energy increased by 46%, their import volume was 18% higher than one year earlier. The growth in the turnover of fuels and electric energy counteracted the volume decrease in total turnover by 1.6 percentage points in export and hastened the volume increase in total turnover by 1.5 percentage points in imports.
The export volume of food, beverages and tobacco lessened by 4.4%, their import volume increased by 1.5%. The volume change realised by the aggregate commodity group hastened the export volume decrease by 0.3 percentage points and contributed to the total turnover volume increase in import by 0.1 percentage points.
The volume of export to the EU-27 member states decreased by 2.9%, the import from there increased by 2.2%. Compared to June 2024 the balance of the external trade in goods decreased all in all by EUR 109 million, generating a surplus of EUR 1.2 billion. This group of countries accounted for 75% of exports and 71% of imports.
In the extra-EU-27 trade the volume of export increased by 7.1%, that of import improved by 8.8%. The balance of the external trade in goods with these countries worsened by EUR 36 million, showing a deficit of EUR 179 million.
In January–June 2025 compared to one year earlier the volume of export increased by 0.7%, that of import grew by 3.7%.
The balance of the external trade in goods decreased by EUR 957 million, the surplus was EUR 6.8 billion.
The HUF price level of the external trade in goods increased by 4.5% on the export side, and by 3.2% on the import one, compared to the same period of the previous year. The terms of trade improved by 1.3%. The HUF depreciated against the EUR by 3.8% and by 2.9% against the US dollar.
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