1.  Overview the trade of HUNGARY in goods current year until 202003

According to Dalian Infobank, in 202003, HUNGARY's exports and imports of goods amounted to 19786.7001 million, and were down 9.34% comparing with the same period of last year. Among these, exports were down 10.46% at 10023.2589 million, and imports were down 8.16% at 9763.4411 million. And the corresponding trade surplus was 259.8178 million and down 53.82%.

During the current year until 202003, HUNGARY's total exports and imports of goods were 59753.8255 million and were down 4.72% comparing to the same period of last year. Among these, exports were 30669.6238 million and down 4.54%; imports were 29084.2017 million and down 4.91%. The total trade surplus was 1585.4222 million and up 2.71%.

If considering by country (region), GERMANY, AUSTRIA, POLAND, SLOVAKIA, CZECH REPUBLIC were HUNGARY's top five trading partners. During the current year until 202003, HUNGARY's imports and exports to five countries/territories were 16005.0312 million, 3169.3583 million, 2968.8202 million, 2942.9803 million, 2754.8976 million. These values correspond to 26.78%, 5.30%, 4.97%, 4.93%, 4.61% of HUNGARY's imports and exports, and, respectively, were down 1.88%, down 6.13%, down 4.98%, down 5.04%, down 5.33% comparing to the same period of last year.

Current year until 202003, HUNGARY and the top five trade partners GERMANY, ROMANIA, SLOVAKIA, ITALY, AUSTRIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202003, HUNGARY's exports to these five countries/territories were 8571.0511 million, 1609.0266 million, 1606.8175 million, 1565.0933 million, 1378.1755 million. These values correspond to 27.95%, 5.25%, 5.24%, 5.10%, 4.49% of HUNGARY's exports and, respectively, were down 3.02%, down 0.88%, down 3.73%, down 6.35%, down 7.48% comparing with the same period of last year.

Current year until 202003, 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 202003, HUNGARY's imports from these five countries/territories were 7433.9801 million, 1995.7644 million, 1791.1828 million, 1645.5958 million, 1590.4744 million. These values correspond to 25.56%, 6.86%, 6.16%, 5.66%, 5.47% of HUNGARY's total imports and, respectively, were down 0.52%, down 6.39%, down 5.06%, down 4.96%, up 7.45% comparing with the same period of last year.

During the current year until 202003, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, SPAIN, ITALY at 1137.0711 million, 764.6382 million, 425.2008 million, 394.0515 million, 378.9963 million, and down 16.72%, up 1.37%, down 30.81%, down 8.02%, down 2.48%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, AUSTRIA, POLAND at 1658.7391 million, 772.0918 million, 453.7385 million, 413.0074 million, 322.3715 million, and down 5.37%, up 15.77%, up 37.61%, up 4.03%, down 4.73%.

Current year until 202003, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202003,  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 13596.3823 million, 9366.0179 million, 7868.7215 million, 3335.2194 million, 2569.2635 million, which were up 1.34%, down 7.35%, down 9.40%, up 21.05%, down 27.35% comparing with the same period of last year and account for 22.75%, 15.67%, 13.17%, 5.58%, 4.30% of HUNGARY's total imports and exports.

During the current year until 202003, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 7226.9176 million, 4892.3495 million, 4806.8738 million, 1801.4889 million, 1133.6885 million. These values correspond to 23.56%, 15.95%, 15.67%, 5.87%, 3.70% of HUNGARY's total exports and, respectively, were up 2.15%, down 6.44%, down 11.64%, up 14.61%, down 5.96% comparing to the same period of last year.

During the current year until 202003, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 6369.4647 million, 4473.6684 million, 3061.8477 million, 1804.9967 million, 1533.7304 million. These values correspond to 21.90%, 15.38%, 10.53%, 6.21%, 5.27% of HUNGARY's total exports and, respectively, were up 0.44%, down 8.33%, down 5.66%, down 26.19%, up 29.61% comparing to the same period of last year.

2. Current year until 202003, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202003, HUNGARY-China binational exports and imports of goods amounted to 2332.7897 million and were down 7.10% comparing with the same period of last year. Among these, exports from HUNGARY to China were 337.0253 million and down 11.10%, imports from China to HUNGARY were 1995.7644 million and down 6.39%. The total binational trade deficit was 1658.7391 million and down 5.37%.

During the urrent year until 202003, 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 1080.8336 million, 445.3355 million, 111.6718 million, 70.1850 million, 67.5279 million and makes up 46.33%, 19.09%, 4.79%, 3.01%, 2.89% of the total binational imports and exports. These values were also down 3.85%, down 19.51%, down 6.94%, up 16.57%, down 11.14% comparing to the same period last year.

During the current year until 202003, 85, 84, 90, 30, 87 were the top five traded commodities exported to China from HUNGARY, with export values of 95.8470 million, 68.6868 million, 23.7291 million, 20.8459 million, 17.1199 million. These values account for 28.44%, 20.38%, 7.04%, 6.19%, 5.08% of HUNGARY's total exports and were down 22.09%, down 4.44%, down 22.39%, down 15.46%, down 4.79% comparing to the same period of last year.

During the current year until 202003, 85, 84, 90, 29, 87 were HUNGARY's top five traded commodities importing from China , with import values of 984.9865 million, 376.6487 million, 87.9426 million, 60.7836 million, 53.0651 million. These values account for 49.35%, 18.87%, 4.41%, 3.05%, 2.66% of HUNGARY's total imports and were down 1.61%, down 21.76%, down 1.66%, down 6.67%, up 25.66% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat