1.  Overview the trade of HUNGARY in goods current year until 202005

According to Dalian Infobank, in 202005, HUNGARY's exports and imports of goods amounted to 15043.0359 million, and were down 29.12% comparing with the same period of last year. Among these, exports were down 30.86% at 7540.8803 million, and imports were down 27.28% at 7502.1555 million. And the corresponding trade surplus was 38.7248 million and down 93.43%.

During the current year until 202005, HUNGARY's total exports and imports of goods were 87854.0725 million and were down 15.70% comparing to the same period of last year. Among these, exports were 44428.9034 million and down 16.55%; imports were 43425.1691 million and down 14.80%. The total trade surplus was 1003.7344 million and down 55.80%.

If considering by country (region), GERMANY, AUSTRIA, CHINA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202005, HUNGARY's imports and exports to five countries/territories were 22649.4244 million, 4712.9541 million, 4323.3285 million, 4277.2140 million, 4272.2186 million. These values correspond to 25.78%, 5.36%, 4.92%, 4.87%, 4.86% of HUNGARY's imports and exports, and, respectively, were down 17.64%, down 17.76%, up 7.47%, down 18.23%, down 18.09% comparing to the same period of last year.

Current year until 202005, HUNGARY and the top five trade partners GERMANY, ROMANIA, ITALY, SLOVAKIA, AUSTRIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202005, HUNGARY's exports to these five countries/territories were 12193.4836 million, 2354.6964 million, 2322.8308 million, 2291.4941 million, 2058.6724 million. These values correspond to 27.44%, 5.30%, 5.23%, 5.16%, 4.63% of HUNGARY's exports and, respectively, were down 18.31%, down 12.14%, down 17.40%, down 18.03%, down 18.70% comparing with the same period of last year.

Current year until 202005, 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 202005, HUNGARY's imports from these five countries/territories were 10455.9409 million, 3722.2090 million, 2654.2817 million, 2395.2565 million, 2341.7751 million. These values correspond to 24.08%, 8.57%, 6.11%, 5.52%, 5.39% of HUNGARY's total imports and, respectively, were down 16.84%, up 10.22%, down 17.02%, down 17.31%, down 8.14% comparing with the same period of last year.

During the current year until 202005, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 1737.5427 million, 1185.8272 million, 638.7735 million, 537.3442 million, 498.1812 million, and down 26.15%, down 5.38%, down 28.13%, down 14.00%, down 27.11%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, AUSTRIA, POLAND at 3121.0895 million, 1361.3324 million, 653.2158 million, 595.6093 million, 518.2943 million, and up 14.27%, up 17.26%, down 3.89%, down 10.61%, down 10.25%.

Current year until 202005, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202005,  commodities with hs2 codes, 85, 84, 87, 30, 39, were HUNGARY's top five traded commodities. They correspond to the import and export values of 19564.5467 million, 13773.9683 million, 10037.1663 million, 5620.9799 million, 3830.2555 million, which were down 11.57%, down 18.77%, down 30.72%, up 19.89%, down 11.86% comparing with the same period of last year and account for 22.27%, 15.68%, 11.42%, 6.40%, 4.36% of HUNGARY's total imports and exports.

During the current year until 202005, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 10328.7099 million, 7094.1061 million, 6085.7240 million, 2992.9623 million, 1719.7973 million. These values correspond to 23.25%, 15.97%, 13.70%, 6.74%, 3.87% of HUNGARY's total exports and, respectively, were down 10.69%, down 19.69%, down 32.90%, up 15.36%, down 13.94% comparing to the same period of last year.

During the current year until 202005, 85, 84, 87, 30, 27 were HUNGARY's top five traded commodities, with total import values of 9235.8368 million, 6679.8622 million, 3951.4423 million, 2628.0176 million, 2605.9233 million. These values correspond to 21.27%, 15.38%, 9.10%, 6.05%, 6.00% of HUNGARY's total exports and, respectively, were down 12.54%, down 17.78%, down 27.09%, up 25.49%, down 38.77% comparing to the same period of last year.

2. Current year until 202005, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202005, HUNGARY-China binational exports and imports of goods amounted to 4323.3285 million and were up 7.47% comparing with the same period of last year. Among these, exports from HUNGARY to China were 601.1195 million and down 6.91%, imports from China to HUNGARY were 3722.2090 million and up 10.22%. The total binational trade deficit was 3121.0895 million and up 14.27%.

During the urrent year until 202005, 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 1711.5637 million, 785.0921 million, 486.9943 million, 203.6952 million, 120.7569 million and makes up 39.59%, 18.16%, 11.26%, 4.71%, 2.79% of the total binational imports and exports. These values were also down 4.78%, down 11.35%, up 142.07%, up 1279.75%, down 5.18% comparing to the same period last year.

During the current year until 202005, 85, 84, 30, 90, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 160.1945 million, 125.9201 million, 41.3293 million, 40.6397 million, 28.3608 million. These values account for 26.65%, 20.95%, 6.88%, 6.76%, 4.72% of HUNGARY's total exports and were down 19.67%, up 1.30%, down 2.47%, down 26.65%, up 42.63% comparing to the same period of last year.

During the current year until 202005, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 1551.3692 million, 659.1721 million, 446.3546 million, 202.1696 million, 109.1651 million. These values account for 41.68%, 17.71%, 11.99%, 5.43%, 2.93% of HUNGARY's total imports and were down 2.92%, down 13.42%, up 206.20%, up 1320.76%, down 0.40% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat