The surplus represented a EUR 589 mln improvement compared with July 2024.
The value of exports totaled EUR 12 billion (HUF 4.804 trillion), up 1.7% in euro terms from a year earlier, while imports fell 3.3% to EUR 11.5 bln (HUF 4,574 tln). Adjusted for calendar effects, export volumes rose 3.1% year on year, with imports up 0.9%. On a monthly basis, seasonally adjusted exports edged 0.4% higher from June, while imports declined 2.1%.
Export growth was driven mainly by machinery and transport equipment, where volumes rose 5.9%, contributing 3.3 percentage points to overall export expansion. Imports in the category grew 2.6%. Fuels and electricity also boosted the balance, with exports jumping 50% and imports up 3.7%. By contrast, exports of manufactured goods fell 4.3% and imports dropped 1.5%.
Trade with European Union partners was especially strong. Exports to EU-27 countries rose 3.7%, while imports from the bloc decreased 0.8%, producing a surplus of EUR 736 mln — EUR 380 mln more than in July 2024. The EU accounted for 75% of Hungary’s exports and 72% of imports.
In trade outside the EU, exports increased 1.6% and imports 0.3%. The deficit with extra-EU partners narrowed by EUR 209 mln to EUR 158 mln.
The terms of trade improved by 2.6% as export prices in forints edged down 0.1% while import prices dropped 2.7%. The forint weakened 1.6% against the euro but strengthened 5.7% against the US dollar compared with July 2024.
For the first seven months of 2025, exports totaled EUR 86.5 bln (HUF 34.91 tln), up 1.5% in volume, while imports reached EUR 79 bln (HUF 31.903 tln), up 1.0%. The trade surplus for the period stood at EUR 7.5 bln, an improvement of EUR 1.4 bln year on year.
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