International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary
XTNTVA01HUA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,595,000,000,000.00
Year-over-Year Change
139.07%
Date Range
1/1/1976 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary measures Hungary's monthly trade balance for goods and commodities. This metric is a key indicator of Hungary's economic performance and international trade position.
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 trade balance reflects the difference between a country's exports and imports of physical goods. It provides insight into Hungary's trade dynamics, competitiveness, and integration with the global economy. Economists and policymakers analyze this data to assess Hungary's trade patterns and broader macroeconomic conditions.
Methodology
The data is collected and reported by the Hungarian Central Statistical Office.
Historical Context
Trends in Hungary's trade balance are closely monitored by the government, central bank, and financial markets.
Key Facts
- Hungary has run a trade surplus since 2009.
- The trade balance is a component of Hungary's current account.
- China is Hungary's largest import partner, while Germany is the top export destination.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary measures the monthly difference between Hungary's exports and imports of physical goods and commodities.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of Hungary's economic performance, international competitiveness, and trade dynamics. It provides insights into the country's integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in Hungary's trade balance are closely monitored by the government, central bank, and financial markets, as they provide important information about the country's economic health and international trade position.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary (XTNTVA01HUA664N), retrieved from FRED.