The value of exports amounted to EUR 7.8 bln, and that of imports to EUR 5.1 bln. The value of service exports grew by 6.7% in EUR terms, and that of imports increased by 0.8% compared to Q2 2022. The surplus exceeded the year-on-year excess by EUR 451 mln.

Among service groups, transport services contributed EUR 918 mln, and travel EUR 907 mln to the surplus.

Some 62% of Hungary's service exports and 71% of service imports were transacted with EU Member States, generating a surplus of EUR 1.3 bln in this relation.

Germany continues to be Hungary's most significant partner in trade, with a 20% share of the total turnover. The second most important one, the United States, had a 9% share, while Austria, in the third place, contributed by 7.5% to Hungary's external trade in services.

The proportion of business services was 41% out of total service exports, (including 21% for other business services), followed by transport services with a 28% share, then travel with 21%. The role of business services was significant on the import side, too, accounting for 54% of total imports (including 30% for other business services), while the proportion of transport services was 25% and that of travel 15% in the total turnover.

In January-June 2023, the value of exports increased by 9.4% (EUR 1.3 bln) and that of imports by 3.2% (EUR 312 mln) compared to the first half of 2022.