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Hungary’s exports to U.S. fall with trade surplus down, Daniel Kral notes
Hungary is facing mounting trade pressures as its exports to the U.S., a key market, have declined year-on-year, along with its trade surplus. Daniel Kral highlights that while the U.S. has not imposed new tariffs, the country’s important auto sector is still feeling the effects of reduced demand.
Kral adds that Hungary’s trade is under stress from both the U.S. and China, and the collapse in fixed investment—driven by the absence of EU funds—has further weakened prospects. Overall, the outlook for Hungarian trade appears increasingly challenging.
Earlier this year, Daniel Kral reported that all EU countries recorded goods trade deficits with China in 2023, reversing previous trends (link). He also noted that headline inflation has increased across most European economies since January, with Luxembourg seeing the highest jump at 2.2 percentage points (link). These developments add further pressure to Hungary’s trade performance.
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