1.  Overview the trade of HUNGARY in goods current year until 202012

According to Dalian Infobank, in 202012, HUNGARY's exports and imports of goods amounted to 20246.3581 million, and were up 19.86% comparing with the same period of last year. Among these, exports were up 22.32% at 10291.3437 million, and imports were up 17.42% at 9955.0144 million. And the corresponding trade surplus was 336.3293 million and down 622.69%.

During the current year until 202012, HUNGARY's total exports and imports of goods were 235602.6627 million and were down 3.59% comparing to the same period of last year. Among these, exports were 120304.4643 million and down 2.82%; imports were 115298.1985 million and down 4.39%. The total trade surplus was 5006.2658 million and up 56.10%.

If considering by country (region), GERMANY, AUSTRIA, SLOVAKIA, CHINA, POLAND were HUNGARY's top five trading partners. During the current year until 202012, HUNGARY's imports and exports to five countries/territories were 61201.9236 million, 12158.1498 million, 11882.4930 million, 11866.1396 million, 11452.4246 million. These values correspond to 25.98%, 5.16%, 5.04%, 5.04%, 4.86% of HUNGARY's imports and exports, and, respectively, were down 3.93%, down 9.51%, down 4.50%, up 18.79%, down 4.82% comparing to the same period of last year.

Current year until 202012, 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 202012, HUNGARY's exports to these five countries/territories were 33672.7925 million, 6554.4273 million, 6423.1486 million, 6173.5012 million, 5436.7954 million. These values correspond to 27.99%, 5.45%, 5.34%, 5.13%, 4.52% of HUNGARY's exports and, respectively, were down 1.73%, down 1.25%, down 0.01%, down 1.60%, down 7.81% comparing with the same period of last year.

Current year until 202012, 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 202012, HUNGARY's imports from these five countries/territories were 27529.1312 million, 10131.8904 million, 6721.3543 million, 6515.1501 million, 5814.6889 million. These values correspond to 23.88%, 8.79%, 5.83%, 5.65%, 5.04% of HUNGARY's total imports and, respectively, were down 6.50%, up 21.12%, down 10.83%, down 3.95%, down 7.77% comparing with the same period of last year.

During the current year until 202012, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 6143.6613 million, 3341.0020 million, 2021.9486 million, 1477.6410 million, 1470.2911 million, and up 27.38%, up 8.13%, down 4.58%, up 27.60%, down 3.54%. And the trade deficits were mainly from CHINA, SOUTH KOREA, POLAND, NETHERLANDS, AUSTRIA at 8397.6412 million, 3841.4530 million, 1577.8756 million, 1556.3652 million, 1284.5589 million, and up 24.56%, up 32.50%, up 2.86%, down 23.32%, down 21.69%.

Current year until 202012, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 55118.5924 million, 37071.9300 million, 29223.0453 million, 14184.7742 million, 9815.3735 million, which were up 1.45%, down 6.34%, down 10.28%, up 20.80%, down 33.09% comparing with the same period of last year and account for 23.39%, 15.73%, 12.40%, 6.02%, 4.17% of HUNGARY's total imports and exports.

During the current year until 202012, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 29602.6215 million, 19181.5449 million, 17931.5330 million, 7521.0306 million, 4469.8496 million. These values correspond to 24.61%, 15.94%, 14.91%, 6.25%, 3.72% of HUNGARY's total exports and, respectively, were up 4.58%, down 6.57%, down 10.97%, up 15.94%, down 1.09% comparing to the same period of last year.

During the current year until 202012, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 25515.9709 million, 17890.3851 million, 11291.5123 million, 6762.5328 million, 6663.7435 million. These values correspond to 22.13%, 15.52%, 9.79%, 5.87%, 5.78% of HUNGARY's total exports and, respectively, were down 1.95%, down 6.08%, down 9.16%, down 35.22%, up 26.80% comparing to the same period of last year.

2. Current year until 202012, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202012, HUNGARY-China binational exports and imports of goods amounted to 11866.1396 million and were up 18.79% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1734.2492 million and up 6.82%, imports from China to HUNGARY were 10131.8904 million and up 21.12%. The total binational trade deficit was 8397.6412 million and up 24.56%.

During the urrent year until 202012, commodities with hs2 code, 85, 84, 90, 63, 87, were binational trade's top five traded commodities. They correspond to import and export values of 4788.4681 million, 2190.1471 million, 1587.0762 million, 292.0445 million, 269.9288 million and makes up 40.35%, 18.46%, 13.37%, 2.46%, 2.27% of the total binational imports and exports. These values were also up 4.30%, up 2.94%, up 220.96%, up 680.12%, up 9.15% comparing to the same period last year.

During the current year until 202012, 85, 84, 90, 30, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 506.5138 million, 392.9011 million, 122.1132 million, 114.2809 million, 64.0432 million. These values account for 29.21%, 22.66%, 7.04%, 6.59%, 3.69% of HUNGARY's total exports and were down 1.25%, up 34.67%, down 3.18%, up 0.15%, up 17.48% comparing to the same period of last year.

During the current year until 202012, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 4281.9543 million, 1797.2461 million, 1464.9630 million, 289.9917 million, 232.1356 million. These values account for 42.26%, 17.74%, 14.46%, 2.86%, 2.29% of HUNGARY's total imports and were up 5.00%, down 2.10%, up 297.70%, up 697.89%, up 7.22% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat