1.  Overview the trade of HUNGARY in goods current year until 202004

According to Dalian Infobank, in 202004, HUNGARY's exports and imports of goods amounted to 13057.2111 million, and were down 35.60% comparing with the same period of last year. Among these, exports were down 39.08% at 6218.3993 million, and imports were down 32.08% at 6838.8119 million. And the corresponding trade deficit was 620.4126 million and down 548.72%.

During the current year until 202004, HUNGARY's total exports and imports of goods were 72811.0366 million and were down 12.27% comparing to the same period of last year. Among these, exports were 36888.0231 million and down 12.87%; imports were 35923.0135 million and down 11.64%. The total trade surplus was 965.0096 million and down 42.62%.

If considering by country (region), GERMANY, AUSTRIA, POLAND, SLOVAKIA, NETHERLANDS were HUNGARY's top five trading partners. During the current year until 202004, HUNGARY's imports and exports to five countries/territories were 19055.0658 million, 3912.5168 million, 3582.1042 million, 3545.9440 million, 3376.4727 million. These values correspond to 26.17%, 5.37%, 4.92%, 4.87%, 4.64% of HUNGARY's imports and exports, and, respectively, were down 12.47%, down 12.94%, down 14.09%, down 14.24%, down 4.53% comparing to the same period of last year.

Current year until 202004, 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 202004, HUNGARY's exports to these five countries/territories were 10135.2218 million, 1956.2167 million, 1908.9830 million, 1894.5959 million, 1699.7290 million. These values correspond to 27.48%, 5.30%, 5.18%, 5.14%, 4.61% of HUNGARY's exports and, respectively, were down 14.37%, down 8.47%, down 13.18%, down 14.61%, down 14.53% comparing with the same period of last year.

Current year until 202004, 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 202004, HUNGARY's imports from these five countries/territories were 8919.8439 million, 2740.2997 million, 2212.7878 million, 1989.1623 million, 1968.3444 million. These values correspond to 24.83%, 7.63%, 6.16%, 5.54%, 5.48% of HUNGARY's total imports and, respectively, were down 10.20%, up 0.14%, down 11.67%, down 14.28%, down 2.53% comparing with the same period of last year.

During the current year until 202004, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 1215.3779 million, 965.6294 million, 516.1827 million, 426.0062 million, 420.9040 million, and down 36.14%, down 3.75%, down 29.40%, down 16.80%, down 22.65%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, AUSTRIA, POLAND at 2268.6995 million, 1042.3976 million, 560.2161 million, 513.0588 million, 396.2205 million, and up 1.78%, up 12.34%, up 11.49%, down 0.63%, down 15.98%.

Current year until 202004, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202004,  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 16377.6237 million, 11414.4934 million, 8587.7485 million, 4453.3547 million, 3179.1535 million, which were down 6.81%, down 15.13%, down 25.22%, up 19.61%, down 33.85% comparing with the same period of last year and account for 22.49%, 15.68%, 11.79%, 6.12%, 4.37% of HUNGARY's total imports and exports.

During the current year until 202004, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 8626.3046 million, 5829.8704 million, 5191.7867 million, 2392.6631 million, 1418.2774 million. These values correspond to 23.39%, 15.80%, 14.07%, 6.49%, 3.84% of HUNGARY's total exports and, respectively, were down 6.45%, down 16.09%, down 27.82%, up 15.63%, down 11.04% comparing to the same period of last year.

During the current year until 202004, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 7751.3190 million, 5584.6230 million, 3395.9618 million, 2185.3706 million, 2060.6916 million. These values correspond to 21.58%, 15.55%, 9.45%, 6.08%, 5.74% of HUNGARY's total exports and, respectively, were down 7.20%, down 14.11%, down 20.87%, down 35.54%, up 24.58% comparing to the same period of last year.

2. Current year until 202004, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202004, HUNGARY-China binational exports and imports of goods amounted to 3211.8999 million and were down 0.99% comparing with the same period of last year. Among these, exports from HUNGARY to China were 471.6002 million and down 7.07%, imports from China to HUNGARY were 2740.2997 million and up 0.14%. The total binational trade deficit was 2268.6995 million and up 1.78%.

During the urrent year until 202004, commodities with hs2 code, 85, 84, 90, 63, 29, were binational trade's top five traded commodities. They correspond to import and export values of 1358.6954 million, 617.5751 million, 193.7486 million, 144.9607 million, 92.6275 million and makes up 42.30%, 19.23%, 6.03%, 4.51%, 2.88% of the total binational imports and exports. These values were also down 6.50%, down 13.85%, up 22.16%, up 1156.77%, down 9.91% comparing to the same period last year.

During the current year until 202004, 85, 84, 90, 30, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 128.7942 million, 95.7238 million, 32.9348 million, 31.7165 million, 25.9321 million. These values account for 27.31%, 20.30%, 6.98%, 6.73%, 5.50% of HUNGARY's total exports and were down 19.08%, down 4.68%, down 21.21%, up 9.65%, up 63.75% comparing to the same period of last year.

During the current year until 202004, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 1229.9012 million, 521.8513 million, 160.8137 million, 143.5897 million, 82.8186 million. These values account for 44.88%, 19.04%, 5.87%, 5.24%, 3.02% of HUNGARY's total imports and were down 4.95%, down 15.35%, up 37.68%, up 1204.41%, down 6.24% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat