Hungary’s trade balance deteriorated significantly in July 2026, with the surplus narrowing to €69.0 million, down from €1,172.7 million recorded in June 2026. The latest figures, updated on 28 August 2026, highlight a marked loss of external trade momentum on a month-over-month basis.
The July data indicate a substantial weakening compared with the strong surplus seen in June, when the trade balance had previously improved relative to May. Under the month-over-month comparison framework, the current result shows that Hungary’s positive trade position has almost fully eroded within a single month, suggesting either a notable slowdown in exports, an acceleration in imports, or a combination of both.
While the headline figure remains in positive territory, the sharp contraction from over €1.1 billion to just €69 million raises questions about the durability of Hungary’s recent trade performance and could have implications for growth expectations and external balance assessments in the coming months.