1.  Overview the trade of HUNGARY in goods current year until 202006

According to Dalian Infobank, in 202006, HUNGARY's exports and imports of goods amounted to 18908.7012 million, and were down 5.28% comparing with the same period of last year. Among these, exports were down 4.50% at 9762.2369 million, and imports were down 6.10% at 9146.4643 million. And the corresponding trade surplus was 615.7726 million and up 27.92%.

During the current year until 202006, HUNGARY's total exports and imports of goods were 106762.7736 million and were down 14.02% comparing to the same period of last year. Among these, exports were 54191.1403 million and down 14.61%; imports were 52571.6333 million and down 13.41%. The total trade surplus was 1619.5069 million and down 41.16%.

If considering by country (region), GERMANY, AUSTRIA, CHINA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202006, HUNGARY's imports and exports to five countries/territories were 27483.1234 million, 5668.8677 million, 5544.2106 million, 5231.6345 million, 5138.2342 million. These values correspond to 25.74%, 5.31%, 5.19%, 4.90%, 4.81% of HUNGARY's imports and exports, and, respectively, were down 15.59%, down 17.09%, up 14.67%, down 16.05%, down 16.66% comparing to the same period of last year.

Current year until 202006, 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 202006, HUNGARY's exports to these five countries/territories were 15039.8995 million, 2855.8443 million, 2840.5816 million, 2814.2331 million, 2503.8974 million. These values correspond to 27.75%, 5.27%, 5.24%, 5.19%, 4.62% of HUNGARY's exports and, respectively, were down 14.90%, down 10.48%, down 14.94%, down 15.37%, down 17.19% comparing with the same period of last year.

Current year until 202006, 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 202006, HUNGARY's imports from these five countries/territories were 12443.2239 million, 4790.2440 million, 3164.9703 million, 2896.4532 million, 2769.1444 million. These values correspond to 23.67%, 9.11%, 6.02%, 5.51%, 5.27% of HUNGARY's total imports and, respectively, were down 16.40%, up 18.37%, down 17.01%, down 15.09%, down 9.59% comparing with the same period of last year.

During the current year until 202006, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 2596.6756 million, 1453.6816 million, 768.6518 million, 662.0767 million, 636.6049 million, and down 6.92%, down 2.38%, down 30.25%, down 3.67%, down 21.46%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, AUSTRIA, POLAND at 4036.2774 million, 1705.2043 million, 711.8541 million, 661.0729 million, 654.6723 million, and up 23.85%, up 18.95%, down 17.43%, down 16.35%, down 0.38%.

Current year until 202006, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202006,  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 23855.8085 million, 16995.4676 million, 12339.4170 million, 6834.5301 million, 4583.7725 million, which were down 9.34%, down 16.63%, down 28.11%, up 18.70%, down 11.35% comparing with the same period of last year and account for 22.34%, 15.92%, 11.56%, 6.40%, 4.29% of HUNGARY's total imports and exports.

During the current year until 202006, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 12712.9075 million, 8852.5131 million, 7502.0578 million, 3650.9462 million, 2065.4004 million. These values correspond to 23.46%, 16.34%, 13.84%, 6.74%, 3.81% of HUNGARY's total exports and, respectively, were down 7.81%, down 17.00%, down 30.04%, up 13.47%, down 12.87% comparing to the same period of last year.

During the current year until 202006, 85, 84, 87, 30, 27 were HUNGARY's top five traded commodities, with total import values of 11142.9010 million, 8142.9545 million, 4837.3592 million, 3183.5840 million, 3106.0215 million. These values correspond to 21.20%, 15.49%, 9.20%, 6.06%, 5.91% of HUNGARY's total exports and, respectively, were down 11.01%, down 16.23%, down 24.91%, up 25.33%, down 41.24% comparing to the same period of last year.

2. Current year until 202006, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202006, HUNGARY-China binational exports and imports of goods amounted to 5544.2106 million and were up 14.67% comparing with the same period of last year. Among these, exports from HUNGARY to China were 753.9666 million and down 4.32%, imports from China to HUNGARY were 4790.2440 million and up 18.37%. The total binational trade deficit was 4036.2774 million and up 23.85%.

During the urrent year until 202006, 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 2133.7430 million, 972.9008 million, 826.0064 million, 239.7894 million, 143.1965 million and makes up 38.49%, 17.55%, 14.90%, 4.33%, 2.58% of the total binational imports and exports. These values were also down 0.05%, down 10.73%, up 246.12%, up 1255.43%, down 0.48% comparing to the same period last year.

During the current year until 202006, 85, 84, 30, 90, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 197.9299 million, 158.8004 million, 53.1465 million, 52.0385 million, 37.7527 million. These values account for 26.25%, 21.06%, 7.05%, 6.90%, 5.01% of HUNGARY's total exports and were down 15.44%, up 5.60%, down 5.91%, down 18.22%, up 63.05% comparing to the same period of last year.

During the current year until 202006, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 1935.8132 million, 814.1004 million, 773.9680 million, 238.2532 million, 127.3890 million. These values account for 40.41%, 16.99%, 16.16%, 4.97%, 2.66% of HUNGARY's total imports and were up 1.84%, down 13.34%, up 342.24%, up 1291.76%, up 4.36% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat