1.  Overview the trade of HUNGARY in goods current year until 202002

According to Dalian Infobank, in 202002, HUNGARY's exports and imports of goods amounted to 19667.4915 million, and were down 3.01% comparing with the same period of last year. Among these, exports were down 1.48% at 10344.4185 million, and imports were down 4.65% at 9323.0730 million. And the corresponding trade surplus was 1021.3455 million and up 41.36%.

During the current year until 202002, HUNGARY's total exports and imports of goods were 39967.1254 million and were down 2.26% comparing to the same period of last year. Among these, exports were 20646.3649 million and down 1.38%; imports were 19320.7605 million and down 3.18%. The total trade surplus was 1325.6044 million and up 35.14%.

If considering by country (region), GERMANY, AUSTRIA, POLAND, SLOVAKIA, ITALY were HUNGARY's top five trading partners. During the current year until 202002, HUNGARY's imports and exports to five countries/territories were 10695.5387 million, 2132.2702 million, 1995.0951 million, 1968.6191 million, 1916.9264 million. These values correspond to 26.76%, 5.34%, 4.99%, 4.93%, 4.80% of HUNGARY's imports and exports, and, respectively, were up 0.55%, down 3.76%, down 1.30%, down 1.80%, up 0.90% comparing to the same period of last year.

Current year until 202002, 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 202002, HUNGARY's exports to these five countries/territories were 5845.3715 million, 1116.1229 million, 1085.7058 million, 1050.7704 million, 947.3793 million. These values correspond to 28.31%, 5.41%, 5.26%, 5.09%, 4.59% of HUNGARY's exports and, respectively, were up 0.71%, up 3.13%, up 2.15%, down 0.30%, down 3.12% comparing with the same period of last year.

Current year until 202002, 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 202002, HUNGARY's imports from these five countries/territories were 4850.1672 million, 1380.8042 million, 1184.8909 million, 1108.3912 million, 1048.4593 million. These values correspond to 25.10%, 7.15%, 6.13%, 5.74%, 5.43% of HUNGARY's total imports and, respectively, were up 0.35%, down 5.49%, down 4.26%, down 0.14%, up 9.51% comparing with the same period of last year.

During the current year until 202002, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, ITALY, SPAIN, UNITED KINGDOM at 995.2043 million, 490.5850 million, 315.3195 million, 301.7106 million, 279.8646 million, and up 2.54%, up 2.75%, up 19.13%, down 3.01%, down 23.90%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, AUSTRIA, POLAND at 1155.8097 million, 474.8477 million, 344.6946 million, 237.5115 million, 221.6873 million, and down 4.69%, up 25.88%, up 90.16%, down 8.56%, up 11.74%.

Current year until 202002, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202002,  commodities with hs2 codes, 85, 84, 87, 30, 27, were HUNGARY's top five traded commodities. They correspond to the import and export values of 9254.9703 million, 6120.4843 million, 5502.9813 million, 2064.4420 million, 1817.0165 million, which were up 4.83%, down 4.00%, down 2.80%, up 16.42%, down 26.46% comparing with the same period of last year and account for 23.16%, 15.31%, 13.77%, 5.17%, 4.55% of HUNGARY's total imports and exports.

During the current year until 202002, 85, 87, 84, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 4969.9621 million, 3428.5641 million, 3216.6280 million, 1110.2871 million, 748.8224 million. These values correspond to 24.07%, 16.61%, 15.58%, 5.38%, 3.63% of HUNGARY's total exports and, respectively, were up 7.54%, down 3.77%, down 2.50%, up 12.83%, down 5.19% comparing to the same period of last year.

During the current year until 202002, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 4285.0082 million, 2903.8562 million, 2074.4172 million, 1315.2221 million, 954.1549 million. These values correspond to 22.18%, 15.03%, 10.74%, 6.81%, 4.94% of HUNGARY's total exports and, respectively, were up 1.85%, down 5.61%, down 1.15%, down 22.29%, up 20.90% comparing to the same period of last year.

2. Current year until 202002, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202002, HUNGARY-China binational exports and imports of goods amounted to 1605.7987 million and were down 6.06% comparing with the same period of last year. Among these, exports from HUNGARY to China were 224.9945 million and down 9.40%, imports from China to HUNGARY were 1380.8042 million and down 5.49%. The total binational trade deficit was 1155.8097 million and down 4.69%.

During the urrent year until 202002, 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 736.4877 million, 286.6353 million, 82.2907 million, 51.7789 million, 44.8832 million and makes up 45.86%, 17.85%, 5.12%, 3.22%, 2.80% of the total binational imports and exports. These values were also down 2.49%, down 22.41%, up 3.06%, up 31.57%, down 24.74% comparing to the same period last year.

During the current year until 202002, 85, 84, 90, 95, 30 were the top five traded commodities exported to China from HUNGARY, with export values of 65.5717 million, 42.1673 million, 13.8044 million, 13.7966 million, 13.2988 million. These values account for 29.14%, 18.74%, 6.14%, 6.13%, 5.91% of HUNGARY's total exports and were down 22.79%, down 11.05%, down 18.78%, up 86.10%, down 28.89% comparing to the same period of last year.

During the current year until 202002, 85, 84, 90, 29, 87 were HUNGARY's top five traded commodities importing from China , with import values of 670.9160 million, 244.4679 million, 68.4863 million, 39.6554 million, 39.1430 million. These values account for 48.59%, 17.70%, 4.96%, 2.87%, 2.83% of HUNGARY's total imports and were up 0.08%, down 24.08%, up 8.96%, down 23.56%, up 36.46% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat