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The trade balance deteriorated by EUR 765 million compared with the same month a year earlier. Export volumes dropped by 8.6% year-on-year, while import volumes increased by 3.8%.
On a seasonally and working-day adjusted basis, export volumes edged up 0.1% compared with October, while imports rose by 3.7%.
In value terms, exports totaled EUR 12.4 billion (HUF 4,780 billion) in November, while imports reached EUR 12.6 billion (HUF 4,826 billion), resulting in the monthly deficit.
Compared with November 2024, the value of exports decreased by 1.8% in euro terms, while the value of imports rose by 4.4%.
According to calendar-adjusted data, export volumes declined by 5.9% year-on-year, while import volumes increased by 6.8%.
Price developments were mixed. The forint price level of exports rose by 0.7% compared with a year earlier, while import prices fell by 5.6%. As a result, Hungary’s terms of trade improved by 6.8%.
The forint strengthened against major currencies over the period, appreciating by 6.2% against the euro and by 14% against the U.S. dollar, KSH said.
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