1.  Overview the trade of HUNGARY in goods current year until 202009

According to Dalian Infobank, in 202009, HUNGARY's exports and imports of goods amounted to 23107.8343 million, and were up 9.49% comparing with the same period of last year. Among these, exports were up 13.05% at 12140.3403 million, and imports were up 5.80% at 10967.4940 million. And the corresponding trade surplus was 1172.8462 million and up 214.25%.

During the current year until 202009, HUNGARY's total exports and imports of goods were 168361.6868 million and were down 8.58% comparing to the same period of last year. Among these, exports were 85696.0282 million and down 8.38%; imports were 82665.6586 million and down 8.78%. The total trade surplus was 3030.3695 million and up 4.36%.

If considering by country (region), GERMANY, AUSTRIA, CHINA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202009, HUNGARY's imports and exports to five countries/territories were 43941.8166 million, 8928.1515 million, 8572.6573 million, 8430.4513 million, 8131.8391 million. These values correspond to 26.10%, 5.30%, 5.09%, 5.01%, 4.83% of HUNGARY's imports and exports, and, respectively, were down 9.05%, down 12.40%, up 15.16%, down 9.08%, down 9.91% comparing to the same period of last year.

Current year until 202009, HUNGARY and the top five trade partners GERMANY, SLOVAKIA, ROMANIA, ITALY, AUSTRIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202009, HUNGARY's exports to these five countries/territories were 24158.1801 million, 4606.1152 million, 4565.9510 million, 4340.9794 million, 3994.4090 million. These values correspond to 28.19%, 5.37%, 5.33%, 5.07%, 4.66% of HUNGARY's exports and, respectively, were down 7.43%, down 6.67%, down 4.66%, down 9.19%, down 11.38% comparing with the same period of last year.

Current year until 202009, 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 202009, HUNGARY's imports from these five countries/territories were 19783.6365 million, 7358.8748 million, 4933.7426 million, 4612.1750 million, 4178.7171 million. These values correspond to 23.93%, 8.90%, 5.97%, 5.58%, 5.05% of HUNGARY's total imports and, respectively, were down 10.96%, up 17.95%, down 13.21%, down 8.58%, down 9.21% comparing with the same period of last year.

During the current year until 202009, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, SPAIN, ITALY at 4374.5436 million, 2348.6537 million, 1359.4189 million, 1006.6502 million, 947.4261 million, and up 12.74%, up 2.13%, down 16.65%, down 10.24%, up 4.70%. And the trade deficits were mainly from CHINA, SOUTH KOREA, POLAND, NETHERLANDS, AUSTRIA at 6145.0922 million, 2724.6760 million, 1092.5109 million, 1053.9328 million, 939.3336 million, and up 22.08%, up 29.44%, up 2.69%, down 23.51%, down 20.21%.

Current year until 202009, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202009,  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 38480.1134 million, 26406.1330 million, 20556.9021 million, 10731.4011 million, 7068.4660 million, which were down 3.62%, down 11.58%, down 17.23%, up 23.62%, down 38.55% comparing with the same period of last year and account for 22.86%, 15.68%, 12.21%, 6.37%, 4.20% of HUNGARY's total imports and exports.

During the current year until 202009, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 20635.5807 million, 13643.5923 million, 12532.3499 million, 5680.7517 million, 3182.8765 million. These values correspond to 24.08%, 15.92%, 14.62%, 6.63%, 3.71% of HUNGARY's total exports and, respectively, were down 0.67%, down 12.48%, down 19.11%, up 17.91%, down 8.62% comparing to the same period of last year.

During the current year until 202009, 85, 84, 87, 30, 27 were HUNGARY's top five traded commodities, with total import values of 17844.5327 million, 12762.5406 million, 8024.5522 million, 5050.6494 million, 4827.1847 million. These values correspond to 21.59%, 15.44%, 9.71%, 6.11%, 5.84% of HUNGARY's total exports and, respectively, were down 6.83%, down 10.60%, down 14.09%, up 30.76%, down 40.49% comparing to the same period of last year.

2. Current year until 202009, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202009, HUNGARY-China binational exports and imports of goods amounted to 8572.6573 million and were up 15.16% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1213.7826 million and up 0.72%, imports from China to HUNGARY were 7358.8748 million and up 17.95%. The total binational trade deficit was 6145.0922 million and up 22.08%.

During the urrent year until 202009, 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 3352.5494 million, 1585.7396 million, 1184.2868 million, 268.9615 million, 200.7202 million and makes up 39.11%, 18.50%, 13.81%, 3.14%, 2.34% of the total binational imports and exports. These values were also down 1.20%, up 1.03%, up 222.95%, up 829.14%, up 0.63% comparing to the same period last year.

During the current year until 202009, 85, 84, 90, 30, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 346.4628 million, 260.1059 million, 85.4153 million, 82.4702 million, 52.0899 million. These values account for 28.54%, 21.43%, 7.04%, 6.79%, 4.29% of HUNGARY's total exports and were down 9.86%, up 19.86%, down 4.65%, down 14.14%, up 34.36% comparing to the same period of last year.

During the current year until 202009, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 3006.0865 million, 1325.6337 million, 1098.8715 million, 267.2209 million, 176.4636 million. These values account for 40.85%, 18.01%, 14.93%, 3.63%, 2.40% of HUNGARY's total imports and were down 0.09%, down 2.00%, up 296.52%, up 850.67%, up 4.97% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat