International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary
XTNTVA01HUM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
807,161,900.00
Year-over-Year Change
-0.11%
Date Range
1/1/1991 - 6/1/2025
Summary
This economic trend measures Hungary's trade balance for commodities, which is the difference between the value of exported and imported goods. Understanding trade balance is crucial for analyzing a country's economic health and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary captures the net flow of goods traded between Hungary and its international trading partners. This metric is widely used by economists, policymakers, and analysts to assess Hungary's trade position and its implications for the broader economy.
Methodology
The data is collected and compiled by national statistical agencies and reported to international organizations.
Historical Context
Trade balance trends are closely monitored by central banks and governments to inform economic and trade policies.
Key Facts
- Hungary has recorded a trade surplus since 2009.
- The trade balance reached a record high of $13.4 billion in 2021.
- Machinery and transport equipment account for over 60% of Hungary's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the trade balance for commodities in Hungary, which is the difference between the value of exported and imported goods.
Q: Why is this trend relevant for users or analysts?
A: Understanding Hungary's trade balance is crucial for analyzing the country's economic health, international competitiveness, and the potential impact on its currency and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and compiled by national statistical agencies and reported to international organizations.
Q: How is this trend used in economic policy?
A: Trade balance trends are closely monitored by central banks and governments to inform economic and trade policies, such as exchange rate management and tariff decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the reporting agencies, and may have a short delay in publication.
Related Trends
Sales: Retail Trade: Total Retail Trade: Volume for Hungary
HUNSLRTTO01GYSAM
Harmonized Index of Consumer Prices: Actual Rentals for Housing for Hungary
CP0410HUM086NEST
Outstanding Total International Debt Securities to GDP for Hungary
DDDM07HUA156NWDB
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 64 Years for Hungary
LFUN64FEHUA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Hungary
HUNCPHP0404IXOBM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 64 Years for Hungary
LFIN64MAHUA647N
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary (XTNTVA01HUM667S), retrieved from FRED.