1.  Overview the trade of HUNGARY in goods current year until 202007

According to Dalian Infobank, in 202007, HUNGARY's exports and imports of goods amounted to 19763.2257 million, and were down 3.91% comparing with the same period of last year. Among these, exports were down 3.13% at 9928.0590 million, and imports were down 4.68% at 9835.1667 million. And the corresponding trade surplus was 92.8923 million and down 232.87%.

During the current year until 202007, HUNGARY's total exports and imports of goods were 126525.9993 million and were down 12.59% comparing to the same period of last year. Among these, exports were 64119.1993 million and down 13.01%; imports were 62406.8001 million and down 12.14%. The total trade surplus was 1712.3992 million and down 36.17%.

If considering by country (region), GERMANY, AUSTRIA, CHINA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202007, HUNGARY's imports and exports to five countries/territories were 32764.5380 million, 6752.7043 million, 6549.6939 million, 6188.3695 million, 6082.9981 million. These values correspond to 25.90%, 5.34%, 5.18%, 4.89%, 4.81% of HUNGARY's imports and exports, and, respectively, were down 13.72%, down 16.44%, up 15.05%, down 13.23%, down 14.91% comparing to the same period of last year.

Current year until 202007, 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 202007, HUNGARY's exports to these five countries/territories were 18039.5198 million, 3395.9838 million, 3342.8751 million, 3320.4478 million, 3000.6969 million. These values correspond to 28.13%, 5.30%, 5.21%, 5.18%, 4.68% of HUNGARY's exports and, respectively, were down 12.18%, down 9.60%, down 11.86%, down 13.63%, down 16.09% comparing with the same period of last year.

Current year until 202007, 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 202007, HUNGARY's imports from these five countries/territories were 14725.0181 million, 5629.7489 million, 3752.0074 million, 3433.9230 million, 3231.6352 million. These values correspond to 23.60%, 9.02%, 6.01%, 5.50%, 5.18% of HUNGARY's total imports and, respectively, were down 15.53%, up 18.77%, down 16.71%, down 13.59%, down 10.18% comparing with the same period of last year.

During the current year until 202007, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 3314.5017 million, 1720.2325 million, 935.6051 million, 736.1309 million, 726.0108 million, and up 6.63%, down 3.87%, down 24.56%, up 1.12%, down 19.80%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, POLAND, AUSTRIA at 4709.8039 million, 2060.9862 million, 860.6353 million, 784.8480 million, 751.3105 million, and up 24.36%, up 23.22%, down 20.10%, down 1.85%, down 19.11%.

Current year until 202007, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202007,  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 28352.1077 million, 20057.8194 million, 14951.6428 million, 8037.2734 million, 5382.1815 million, which were down 7.78%, down 14.92%, down 25.38%, up 19.29%, down 11.12% comparing with the same period of last year and account for 22.41%, 15.85%, 11.82%, 6.35%, 4.25% of HUNGARY's total imports and exports.

During the current year until 202007, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 15096.1992 million, 10346.6072 million, 9057.3079 million, 4286.7095 million, 2433.8113 million. These values correspond to 23.54%, 16.14%, 14.13%, 6.69%, 3.80% of HUNGARY's total exports and, respectively, were down 5.72%, down 15.54%, down 27.75%, up 14.96%, down 12.02% comparing to the same period of last year.

During the current year until 202007, 85, 84, 87, 30, 27 were HUNGARY's top five traded commodities, with total import values of 13255.9086 million, 9711.2122 million, 5894.3349 million, 3750.5638 million, 3663.5720 million. These values correspond to 21.24%, 15.56%, 9.45%, 6.01%, 5.87% of HUNGARY's total exports and, respectively, were down 10.01%, down 14.26%, down 21.42%, up 24.64%, down 40.74% comparing to the same period of last year.

2. Current year until 202007, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202007, HUNGARY-China binational exports and imports of goods amounted to 6549.6939 million and were up 15.05% comparing with the same period of last year. Among these, exports from HUNGARY to China were 919.9450 million and down 3.46%, imports from China to HUNGARY were 5629.7489 million and up 18.77%. The total binational trade deficit was 4709.8039 million and up 24.36%.

During the urrent year until 202007, 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 2534.6910 million, 1163.0758 million, 961.0980 million, 252.9980 million, 163.4594 million and makes up 38.70%, 17.76%, 14.67%, 3.86%, 2.50% of the total binational imports and exports. These values were also down 0.58%, down 5.89%, up 238.14%, up 1082.66%, down 1.99% comparing to the same period last year.

During the current year until 202007, 85, 84, 30, 90, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 250.7530 million, 192.3555 million, 65.3333 million, 64.8438 million, 44.3176 million. These values account for 27.26%, 20.91%, 7.10%, 7.05%, 4.82% of HUNGARY's total exports and were down 16.03%, up 9.57%, down 11.61%, down 13.19%, up 70.23% comparing to the same period of last year.

During the current year until 202007, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 2283.9379 million, 970.7204 million, 896.2542 million, 251.4009 million, 146.7613 million. These values account for 40.57%, 17.24%, 15.92%, 4.47%, 2.61% of HUNGARY's total imports and were up 1.48%, down 8.45%, up 327.73%, up 1110.24%, up 4.15% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat