1.  Overview the trade of HUNGARY in goods current year until 202104

According to Dalian Infobank, in 202104, HUNGARY's exports and imports of goods amounted to 23477.6638 million, and were up 79.43% comparing with the same period of last year. Among these, exports were up 89.70% at 11816.5677 million, and imports were up 70.10% at 11661.0961 million. And the corresponding trade surplus was 155.4715 million and down 124.82%.

During the current year until 202104, HUNGARY's total exports and imports of goods were 92548.5184 million and were up 27.08% comparing to the same period of last year. Among these, exports were 47509.5880 million and up 28.84%; imports were 45038.9305 million and up 25.27%. The total trade surplus was 2470.6575 million and up 168.39%.

If considering by country (region), GERMANY, ITALY, AUSTRIA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202104, HUNGARY's imports and exports to five countries/territories were 24138.4423 million, 4788.9117 million, 4695.8597 million, 4670.8204 million, 4647.6688 million. These values correspond to 26.08%, 5.17%, 5.07%, 5.05%, 5.02% of HUNGARY's imports and exports, and, respectively, were up 26.54%, up 41.84%, up 19.49%, up 32.10%, up 29.57% comparing to the same period of last year.

Current year until 202104, 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 202104, HUNGARY's exports to these five countries/territories were 13124.8117 million, 2779.2243 million, 2550.3712 million, 2496.0835 million, 2176.9931 million. These values correspond to 27.63%, 5.85%, 5.37%, 5.25%, 4.58% of HUNGARY's exports and, respectively, were up 29.78%, up 46.84%, up 33.87%, up 26.89%, up 28.53% comparing with the same period of last year.

Current year until 202104, 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 202104, HUNGARY's imports from these five countries/territories were 11013.6305 million, 3614.8045 million, 2607.8990 million, 2518.8667 million, 2321.5689 million. These values correspond to 24.45%, 8.03%, 5.79%, 5.59%, 5.15% of HUNGARY's total imports and, respectively, were up 22.89%, up 32.24%, up 30.88%, up 12.65%, up 18.72% comparing with the same period of last year.

During the current year until 202104, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 2111.1812 million, 1242.1473 million, 1012.6667 million, 769.5370 million, 648.1993 million, and up 83.41%, up 26.90%, up 89.68%, up 88.08%, up 51.56%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, POLAND, RUSSIA at 2993.0620 million, 1406.8400 million, 727.4595 million, 568.1292 million, 531.5854 million, and up 32.30%, up 34.96%, up 33.05%, up 42.74%, up 255.33%.

Current year until 202104, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202104,  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 21843.3226 million, 14589.2856 million, 11794.6705 million, 4840.4651 million, 4297.8753 million, which were up 33.75%, up 27.25%, up 37.63%, up 8.73%, up 36.27% comparing with the same period of last year and account for 23.60%, 15.76%, 12.74%, 5.23%, 4.64% of HUNGARY's total imports and exports.

During the current year until 202104, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 11703.1647 million, 7420.3219 million, 7129.2565 million, 2548.9074 million, 2080.3721 million. These values correspond to 24.63%, 15.62%, 15.01%, 5.37%, 4.38% of HUNGARY's total exports and, respectively, were up 36.29%, up 27.07%, up 37.55%, up 6.53%, up 47.04% comparing to the same period of last year.

During the current year until 202104, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 10140.1580 million, 7168.9636 million, 4665.4140 million, 2829.3485 million, 2291.5578 million. These values correspond to 22.51%, 15.92%, 10.36%, 6.28%, 5.09% of HUNGARY's total exports and, respectively, were up 30.95%, up 27.43%, up 37.74%, up 28.53%, up 11.30% comparing to the same period of last year.

2. Current year until 202104, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202104, HUNGARY-China binational exports and imports of goods amounted to 4236.5470 million and were up 32.20% comparing with the same period of last year. Among these, exports from HUNGARY to China were 621.7425 million and up 31.97%, imports from China to HUNGARY were 3614.8045 million and up 32.24%. The total binational trade deficit was 2993.0620 million and up 32.30%.

During the urrent year until 202104, commodities with hs2 code, 85, 84, 90, 30, 87, were binational trade's top five traded commodities. They correspond to import and export values of 2010.2152 million, 835.9352 million, 177.8064 million, 125.0378 million, 118.2236 million and makes up 47.45%, 19.73%, 4.20%, 2.95%, 2.79% of the total binational imports and exports. These values were also up 47.93%, up 35.37%, down 2.99%, up 246.93%, up 30.94% comparing to the same period last year.

During the current year until 202104, 85, 84, 30, 90, 87 were the top five traded commodities exported to China from HUNGARY, with export values of 177.9157 million, 140.2322 million, 43.7208 million, 36.2505 million, 22.6750 million. These values account for 28.62%, 22.55%, 7.03%, 5.83%, 3.65% of HUNGARY's total exports and were up 38.18%, up 46.58%, up 39.49%, up 10.07%, down 3.26% comparing to the same period of last year.

During the current year until 202104, 85, 84, 90, 29, 87 were HUNGARY's top five traded commodities importing from China , with import values of 1832.2995 million, 695.7031 million, 141.5559 million, 98.5391 million, 95.5485 million. These values account for 50.69%, 19.25%, 3.92%, 2.73%, 2.64% of HUNGARY's total imports and were up 48.95%, up 33.32%, down 5.85%, up 18.82%, up 42.93% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat