External trade surplus drops significantly
In February 2025 the value of export amounted to EUR 12.3 billion (HUF 4,958 billion), that of import was EUR 11.2 billion (HUF 4,499 billion).
In February 2025 compared to a year earlier the value of export decreased by 3.3%, that of import improved by 1.6% in EUR terms.
According to calendar-adjusted data, the volume of export decreased by 0.2%, that of import increased just as much.
The balance of the external trade in goods worsened by EUR 599 million.
The HUF price level of the external trade in goods increased by 7.3% in export and by 5.5% in import, compared to the same month of the previous year. The terms of trade improved by 1.7%. The HUF exchange rate depreciated by 3.9% against the EUR and by 7.7% against the US dollar.
The export volume of machinery and transport equipment decreased by 17%, its import volume improved by 1.2%. The aggregate commodity group of machinery and transport equipment strenghtened the volume decrease in total turnover by 9.8 percentage points on the export side while slowed it on the import one by 0.6 percentage points.
The export volume of manufactured goods decreased by 11%, while their import volume lessened by 8.9%. The aggregate commodity group of manufactured goods contributed to the volume loss in total export by 3.2 percentage points and strengthened the decrease in total import volume by 3.4 percentage points.
The export volume of fuels and electric energy increased by 57%, their import volume was 28% higher than one year earlier. The turnover growth in fuels and electric energy counterbalanced the volume decrease in total turnover by 1.6 percentage points in export and offset the decrease in total import volume by 2.1 percentage points.
The export volume of food, beverages and tobacco became 11% lower, their import volume decreased by 2.8% year-on-year. The volume change realised by the aggregate commodity group contributed to the total export decrease by 0.8 percentage points, while strengthened the import volume decline by 0.2 percentage points.
The volume of export to the EU-27 member states lessened by 12%, the import from there by 1.6%. The balance of the external trade in goods deteriorated by EUR 520 million, generating a surplus of EUR 1.3 billion. 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 14%, that of import increased by 0.4%. The balance of the external trade in goods with these countries worsened by EUR 79 million, showing a deficit of EUR 206 million.
In January–February 2025 the value of exports amounted to EUR 24.2 billion (HUF 9,872 billion), that of imports to EUR 22.2 billion (HUF 9,034 billion).
In January–February 2025 compared to one year earlier the volume of export decreased by 1.3%, that of import grew by 0.6%.
The balance of the external trade in goods decreased by EUR 240 million, the surplus was EUR 2.1 billion.
The HUF price level of the external trade in goods increased by 7.2% on the export side, and by 7.0% on the import one, compared to the same period of the previous year. The terms of trade improved by 0.2%. The HUF depreciated against the EUR by 5.8% and by 11% against the US dollar.
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