1.  Overview the trade of HUNGARY in goods current year until 202010

According to Dalian Infobank, in 202010, HUNGARY's exports and imports of goods amounted to 23299.9422 million, and were up 3.40% comparing with the same period of last year. Among these, exports were up 6.11% at 12059.6545 million, and imports were up 0.65% at 11240.2877 million. And the corresponding trade surplus was 819.3669 million and up 313.73%.

During the current year until 202010, HUNGARY's total exports and imports of goods were 191661.6290 million and were down 7.27% comparing to the same period of last year. Among these, exports were 97755.6827 million and down 6.81%; imports were 93905.9463 million and down 7.75%. The total trade surplus was 3849.7364 million and up 24.11%.

If considering by country (region), GERMANY, AUSTRIA, SLOVAKIA, CHINA, POLAND were HUNGARY's top five trading partners. During the current year until 202010, HUNGARY's imports and exports to five countries/territories were 50065.4689 million, 10073.0514 million, 9664.1772 million, 9612.5474 million, 9302.3431 million. These values correspond to 26.12%, 5.26%, 5.04%, 5.02%, 4.85% of HUNGARY's imports and exports, and, respectively, were down 7.58%, down 11.56%, down 7.78%, up 13.91%, down 8.37% comparing to the same period of last year.

Current year until 202010, 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 202010, HUNGARY's exports to these five countries/territories were 27570.8003 million, 5326.7756 million, 5197.7494 million, 4965.4324 million, 4515.8073 million. These values correspond to 28.20%, 5.45%, 5.32%, 5.08%, 4.62% of HUNGARY's exports and, respectively, were down 5.69%, down 4.76%, down 3.60%, down 6.78%, down 10.24% comparing with the same period of last year.

Current year until 202010, 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 202010, HUNGARY's imports from these five countries/territories were 22494.6686 million, 8216.2037 million, 5557.2441 million, 5306.1810 million, 4718.3575 million. These values correspond to 23.95%, 8.75%, 5.92%, 5.65%, 5.02% of HUNGARY's total imports and, respectively, were down 9.78%, up 15.94%, down 12.60%, down 6.89%, down 9.05% comparing with the same period of last year.

During the current year until 202010, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, SPAIN, ITALY at 5076.1317 million, 2686.2655 million, 1575.7077 million, 1170.2246 million, 1124.0581 million, and up 18.01%, up 3.43%, down 13.98%, down 7.55%, up 13.94%. And the trade deficits were mainly from CHINA, SOUTH KOREA, POLAND, NETHERLANDS, AUSTRIA at 6819.8600 million, 3101.3018 million, 1310.0190 million, 1220.2265 million, 1041.4368 million, and up 18.93%, up 28.00%, up 5.17%, down 23.31%, down 21.55%.

Current year until 202010, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202010,  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 44318.3032 million, 30036.8943 million, 23693.5816 million, 11893.7529 million, 7978.9942 million, which were down 2.49%, down 10.18%, down 14.64%, up 21.56%, down 36.91% comparing with the same period of last year and account for 23.12%, 15.67%, 12.36%, 6.21%, 4.16% of HUNGARY's total imports and exports.

During the current year until 202010, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 23823.5477 million, 15547.4036 million, 14485.5294 million, 6287.0802 million, 3624.4653 million. These values correspond to 24.37%, 15.90%, 14.82%, 6.43%, 3.71% of HUNGARY's total exports and, respectively, were up 0.50%, down 10.46%, down 16.00%, up 15.95%, down 6.34% comparing to the same period of last year.

During the current year until 202010, 85, 84, 87, 30, 27 were HUNGARY's top five traded commodities, with total import values of 20494.7555 million, 14489.4907 million, 9208.0521 million, 5606.6727 million, 5442.2461 million. These values correspond to 21.82%, 15.43%, 9.81%, 5.97%, 5.80% of HUNGARY's total exports and, respectively, were down 5.74%, down 9.87%, down 12.41%, up 28.54%, down 38.71% comparing to the same period of last year.

2. Current year until 202010, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202010, HUNGARY-China binational exports and imports of goods amounted to 9612.5474 million and were up 13.91% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1396.3437 million and up 3.26%, imports from China to HUNGARY were 8216.2037 million and up 15.94%. The total binational trade deficit was 6819.8600 million and up 18.93%.

During the urrent year until 202010, 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 3850.6051 million, 1789.1256 million, 1235.4214 million, 275.8428 million, 219.0790 million and makes up 40.06%, 18.61%, 12.85%, 2.87%, 2.28% of the total binational imports and exports. These values were also down 0.36%, up 0.55%, up 196.54%, up 747.81%, down 1.92% comparing to the same period last year.

During the current year until 202010, 85, 84, 90, 30, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 397.8942 million, 313.2271 million, 100.8436 million, 94.7609 million, 56.6549 million. These values account for 28.50%, 22.43%, 7.22%, 6.79%, 4.06% of HUNGARY's total exports and were down 6.84%, up 30.54%, down 2.54%, down 7.24%, up 25.39% comparing to the same period of last year.

During the current year until 202010, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 3452.7108 million, 1475.8986 million, 1134.5778 million, 273.8965 million, 193.5016 million. These values account for 42.02%, 17.96%, 13.81%, 3.33%, 2.36% of HUNGARY's total imports and were up 0.44%, down 4.12%, up 262.32%, up 767.46%, up 2.83% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat