1.  Overview the trade of HUNGARY in goods current year until 202001

According to Dalian Infobank, in 202001, HUNGARY's exports and imports of goods amounted to 20299.6339 million, and were down 1.52% comparing with the same period of last year. Among these, exports were down 1.28% at 10301.9464 million, and imports were down 1.76% at 9997.6875 million. And the corresponding trade surplus was 304.2589 million and up 17.73%.

During the current year until 202001, HUNGARY's total exports and imports of goods were 20299.6339 million and were down 1.52% comparing to the same period of last year. Among these, exports were 10301.9464 million and down 1.28%; imports were 9997.6875 million and down 1.76%. The total trade surplus was 304.2589 million and up 17.73%.

If considering by country (region), GERMANY, AUSTRIA, POLAND, SLOVAKIA, ITALY were HUNGARY's top five trading partners. During the current year until 202001, HUNGARY's imports and exports to five countries/territories were 5368.8778 million, 1099.9635 million, 1019.6946 million, 984.5648 million, 946.5000 million. These values correspond to 26.45%, 5.42%, 5.02%, 4.85%, 4.66% of HUNGARY's imports and exports, and, respectively, were up 1.35%, down 1.37%, down 0.27%, down 0.72%, up 3.83% comparing to the same period of last year.

Current year until 202001, HUNGARY and the top five trade partners GERMANY, ITALY, SLOVAKIA, ROMANIA, AUSTRIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202001, HUNGARY's exports to these five countries/territories were 2943.6596 million, 559.6515 million, 533.6620 million, 501.4015 million, 478.0923 million. These values correspond to 28.57%, 5.43%, 5.18%, 4.87%, 4.64% of HUNGARY's exports and, respectively, were up 1.77%, up 6.56%, up 4.79%, down 2.11%, down 4.00% comparing with the same period of last year.

Current year until 202001, HUNGARY's exports to top five countries/territories GERMANY, CHINA, AUSTRIA, POLAND, NETHERLANDS are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202001, HUNGARY's imports from these five countries/territories were 2425.2181 million, 769.3778 million, 621.8712 million, 565.0817 million, 540.8959 million. These values correspond to 24.26%, 7.70%, 6.22%, 5.65%, 5.41% of HUNGARY's total imports and, respectively, were up 0.85%, down 5.03%, up 0.76%, down 0.35%, up 15.24% comparing with the same period of last year.

During the current year until 202001, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, ITALY, SPAIN, UNITED KINGDOM at 518.4415 million, 217.4285 million, 172.8029 million, 142.3253 million, 128.5791 million, and up 6.32%, down 7.57%, up 24.52%, down 9.66%, down 30.81%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, RUSSIA, AUSTRIA at 649.3209 million, 260.2725 million, 203.4714 million, 160.6800 million, 143.7789 million, and down 5.76%, up 16.18%, up 124.43%, down 36.39%, up 20.68%.

Current year until 202001, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 85, 84, 87, 27, 30, were HUNGARY's top five traded commodities. They correspond to the import and export values of 4780.3525 million, 3072.7522 million, 2641.9757 million, 1093.5853 million, 1076.8373 million, which were up 5.50%, down 2.04%, down 2.83%, down 23.29%, up 18.80% comparing with the same period of last year and account for 23.55%, 15.14%, 13.01%, 5.39%, 5.30% of HUNGARY's total imports and exports.

During the current year until 202001, 85, 87, 84, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 2524.1514 million, 1595.3399 million, 1594.2702 million, 560.4888 million, 377.8306 million. These values correspond to 24.50%, 15.49%, 15.48%, 5.44%, 3.67% of HUNGARY's total exports and, respectively, were up 7.58%, down 6.54%, up 1.33%, up 14.47%, down 6.13% comparing to the same period of last year.

During the current year until 202001, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 2256.2011 million, 1478.4820 million, 1046.6358 million, 813.2635 million, 516.3485 million. These values correspond to 22.57%, 14.79%, 10.47%, 8.13%, 5.16% of HUNGARY's total exports and, respectively, were up 3.27%, down 5.42%, up 3.42%, down 16.07%, up 23.89% comparing to the same period of last year.

2. Current year until 202001, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202001, HUNGARY-China binational exports and imports of goods amounted to 889.4348 million and were down 4.48% comparing with the same period of last year. Among these, exports from HUNGARY to China were 120.0569 million and down 0.82%, imports from China to HUNGARY were 769.3778 million and down 5.03%. The total binational trade deficit was 649.3209 million and down 5.76%.

During the urrent year until 202001, commodities with hs2 code, 85, 84, 90, 87, 29, were binational trade's top five traded commodities. They correspond to import and export values of 408.8620 million, 164.8577 million, 49.0714 million, 28.5280 million, 22.0772 million and makes up 45.97%, 18.54%, 5.52%, 3.21%, 2.48% of the total binational imports and exports. These values were also down 0.94%, down 18.40%, up 17.44%, up 38.71%, down 34.56% comparing to the same period last year.

During the current year until 202001, 85, 84, 87, 95, 90 were the top five traded commodities exported to China from HUNGARY, with export values of 36.1516 million, 24.1014 million, 8.5136 million, 8.4469 million, 7.3042 million. These values account for 30.11%, 20.07%, 7.09%, 7.04%, 6.08% of HUNGARY's total exports and were down 23.22%, up 9.15%, up 58.36%, up 154.70%, down 14.79% comparing to the same period of last year.

During the current year until 202001, 85, 84, 90, 29, 87 were HUNGARY's top five traded commodities importing from China , with import values of 372.7104 million, 140.7564 million, 41.7672 million, 20.2449 million, 20.0144 million. These values account for 48.44%, 18.29%, 5.43%, 2.63%, 2.60% of HUNGARY's total imports and were up 1.93%, down 21.78%, up 25.75%, down 33.24%, up 31.76% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat