1.  Overview the trade of HUNGARY in goods current year until 202103

According to Dalian Infobank, in 202103, HUNGARY's exports and imports of goods amounted to 25373.2921 million, and were up 28.18% comparing with the same period of last year. Among these, exports were up 30.14% at 13036.6627 million, and imports were up 26.16% at 12336.6294 million. And the corresponding trade surplus was 700.0333 million and up 193.56%.

During the current year until 202103, HUNGARY's total exports and imports of goods were 69070.8686 million and were up 15.61% comparing to the same period of last year. Among these, exports were 35693.0203 million and up 16.47%; imports were 33377.8483 million and up 14.71%. The total trade surplus was 2315.1720 million and up 49.67%.

If considering by country (region), GERMANY, ITALY, POLAND, SLOVAKIA, AUSTRIA were HUNGARY's top five trading partners. During the current year until 202103, HUNGARY's imports and exports to five countries/territories were 18088.1586 million, 3579.5906 million, 3493.4966 million, 3475.6243 million, 3447.8103 million. These values correspond to 26.19%, 5.18%, 5.06%, 5.03%, 4.99% of HUNGARY's imports and exports, and, respectively, were up 12.91%, up 29.34%, up 17.34%, up 18.41%, up 8.78% comparing to the same period of last year.

Current year until 202103, HUNGARY and the top five trade partners GERMANY, ITALY, SLOVAKIA, ROMANIA, AUSTRIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202103, HUNGARY's exports to these five countries/territories were 9854.7855 million, 2095.8405 million, 1931.0532 million, 1868.0737 million, 1618.3761 million. These values correspond to 27.61%, 5.87%, 5.41%, 5.23%, 4.53% of HUNGARY's exports and, respectively, were up 15.19%, up 33.91%, up 20.52%, up 15.65%, up 17.69% comparing with the same period of last year.

Current year until 202103, HUNGARY's exports to top five countries/territories GERMANY, CHINA, POLAND, AUSTRIA, NETHERLANDS are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202103, HUNGARY's imports from these five countries/territories were 8233.3731 million, 2658.1511 million, 1950.5664 million, 1829.4342 million, 1738.8264 million. These values correspond to 24.67%, 7.96%, 5.84%, 5.48%, 5.21% of HUNGARY's total imports and, respectively, were up 10.30%, up 33.05%, up 18.22%, up 1.95%, up 9.44% comparing with the same period of last year.

During the current year until 202103, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 1621.4123 million, 921.5783 million, 800.9462 million, 612.0904 million, 515.0932 million, and up 48.70%, up 19.16%, up 80.87%, up 68.82%, up 29.33%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, RUSSIA, POLAND at 2196.8847 million, 1020.8916 million, 565.1914 million, 432.8025 million, 407.6362 million, and up 32.27%, up 32.22%, up 25.11%, up 186.61%, up 26.35%.

Current year until 202103, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202103,  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 16432.7956 million, 10846.5914 million, 8783.5231 million, 3606.3338 million, 3144.4224 million, which were up 21.14%, up 15.39%, up 11.80%, up 8.18%, up 25.84% comparing with the same period of last year and account for 23.79%, 15.70%, 12.72%, 5.22%, 4.55% of HUNGARY's total imports and exports.

During the current year until 202103, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 8826.1082 million, 5631.0436 million, 5328.9184 million, 1953.6100 million, 1508.1584 million. These values correspond to 24.73%, 15.78%, 14.93%, 5.47%, 4.23% of HUNGARY's total exports and, respectively, were up 22.66%, up 15.02%, up 11.00%, up 8.47%, up 33.34% comparing to the same period of last year.

During the current year until 202103, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 7606.6874 million, 5215.5478 million, 3454.6047 million, 2090.7797 million, 1652.7238 million. These values correspond to 22.79%, 15.63%, 10.35%, 6.26%, 4.95% of HUNGARY's total exports and, respectively, were up 19.43%, up 15.80%, up 13.04%, up 16.10%, up 7.85% comparing to the same period of last year.

2. Current year until 202103, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202103, HUNGARY-China binational exports and imports of goods amounted to 3119.4174 million and were up 33.61% comparing with the same period of last year. Among these, exports from HUNGARY to China were 461.2664 million and up 36.91%, imports from China to HUNGARY were 2658.1511 million and up 33.05%. The total binational trade deficit was 2196.8847 million and up 32.27%.

During the urrent year until 202103, commodities with hs2 code, 85, 84, 90, 87, 29, were binational trade's top five traded commodities. They correspond to import and export values of 1488.6602 million, 599.4605 million, 136.5450 million, 91.1043 million, 80.5794 million and makes up 47.72%, 19.22%, 4.38%, 2.92%, 2.58% of the total binational imports and exports. These values were also up 37.71%, up 34.63%, up 22.23%, up 29.70%, up 19.12% comparing to the same period last year.

During the current year until 202103, 85, 84, 30, 90, 87 were the top five traded commodities exported to China from HUNGARY, with export values of 130.1195 million, 105.5266 million, 36.3409 million, 25.1661 million, 16.8037 million. These values account for 28.21%, 22.88%, 7.88%, 5.46%, 3.64% of HUNGARY's total exports and were up 35.81%, up 53.73%, up 74.33%, up 6.06%, down 1.85% comparing to the same period of last year.

During the current year until 202103, 85, 84, 90, 87, 29 were HUNGARY's top five traded commodities importing from China , with import values of 1358.5407 million, 493.9339 million, 111.3790 million, 74.3006 million, 70.8321 million. These values account for 51.11%, 18.58%, 4.19%, 2.80%, 2.66% of HUNGARY's total imports and were up 37.89%, up 31.15%, up 26.59%, up 39.86%, up 16.31% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat