1.  Overview the trade of HUNGARY in goods current year until 202105

According to Dalian Infobank, in 202105, HUNGARY's exports and imports of goods amounted to 23376.1613 million, and were up 54.92% comparing with the same period of last year. Among these, exports were up 53.56% at 11605.7284 million, and imports were up 56.29% at 11770.4329 million. And the corresponding trade deficit was 164.7046 million and down 721.89%.

During the current year until 202105, HUNGARY's total exports and imports of goods were 115924.6798 million and were up 31.86% comparing to the same period of last year. Among these, exports were 59115.3164 million and up 33.05%; imports were 56809.3634 million and up 30.64%. The total trade surplus was 2305.9530 million and up 143.49%.

If considering by country (region), GERMANY, ITALY, AUSTRIA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202105, HUNGARY's imports and exports to five countries/territories were 30136.2122 million, 6060.5936 million, 5888.5216 million, 5837.9033 million, 5793.5124 million. These values correspond to 26.00%, 5.23%, 5.08%, 5.04%, 5.00% of HUNGARY's imports and exports, and, respectively, were up 32.74%, up 46.88%, up 24.51%, up 36.87%, up 35.47% comparing to the same period of last year.

Current year until 202105, 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 202105, HUNGARY's exports to these five countries/territories were 16322.8476 million, 3485.9572 million, 3129.6434 million, 3098.8560 million, 2718.5840 million. These values correspond to 27.61%, 5.90%, 5.29%, 5.24%, 4.60% of HUNGARY's exports and, respectively, were up 33.94%, up 50.17%, up 36.85%, up 30.88%, up 32.71% comparing with the same period of last year.

Current year until 202105, 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 202105, HUNGARY's imports from these five countries/territories were 13813.3646 million, 4660.5594 million, 3248.0735 million, 3169.9377 million, 2900.7583 million. These values correspond to 24.32%, 8.20%, 5.72%, 5.58%, 5.11% of HUNGARY's total imports and, respectively, were up 31.34%, up 25.49%, up 35.30%, up 18.24%, up 24.68% comparing with the same period of last year.

During the current year until 202105, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, SPAIN at 2509.4831 million, 1498.8938 million, 1225.8814 million, 911.3208 million, 787.1086 million, and up 50.33%, up 24.90%, up 87.68%, up 76.46%, up 56.14%. And the trade deficits were mainly from CHINA, SOUTH KOREA, NETHERLANDS, RUSSIA, POLAND at 3855.3742 million, 1766.3293 million, 905.6277 million, 758.0640 million, 702.6346 million, and up 23.75%, up 29.75%, up 43.04%, up 327.16%, up 33.98%.

Current year until 202105, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202105,  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 27295.3912 million, 18080.9784 million, 14694.8512 million, 6074.7265 million, 5509.7115 million, which were up 39.80%, up 30.67%, up 46.70%, up 8.13%, up 44.76% comparing with the same period of last year and account for 23.55%, 15.60%, 12.68%, 5.24%, 4.75% of HUNGARY's total imports and exports.

During the current year until 202105, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 14561.2564 million, 9130.9719 million, 8820.8967 million, 3187.0852 million, 2667.7963 million. These values correspond to 24.63%, 15.45%, 14.92%, 5.39%, 4.51% of HUNGARY's total exports and, respectively, were up 41.53%, up 28.43%, up 45.23%, up 6.47%, up 55.77% comparing to the same period of last year.

During the current year until 202105, 85, 84, 87, 27, 30 were HUNGARY's top five traded commodities, with total import values of 12734.1348 million, 8950.0065 million, 5873.9545 million, 3619.6364 million, 2887.6413 million. These values correspond to 22.42%, 15.75%, 10.34%, 6.37%, 5.08% of HUNGARY's total exports and, respectively, were up 37.87%, up 33.04%, up 48.97%, up 38.01%, up 10.02% comparing to the same period of last year.

2. Current year until 202105, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202105, HUNGARY-China binational exports and imports of goods amounted to 5465.7446 million and were up 26.74% comparing with the same period of last year. Among these, exports from HUNGARY to China were 805.1852 million and up 34.50%, imports from China to HUNGARY were 4660.5594 million and up 25.49%. The total binational trade deficit was 3855.3742 million and up 23.75%.

During the urrent year until 202105, 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 2561.6518 million, 1048.1500 million, 223.7233 million, 223.0091 million, 148.1769 million and makes up 46.87%, 19.18%, 4.09%, 4.08%, 2.71% of the total binational imports and exports. These values were also up 49.66%, up 33.52%, down 52.94%, up 357.47%, up 33.31% comparing to the same period last year.

During the current year until 202105, 85, 84, 30, 90, 87 were the top five traded commodities exported to China from HUNGARY, with export values of 233.2543 million, 178.9924 million, 52.4588 million, 49.1048 million, 29.2266 million. These values account for 28.97%, 22.23%, 6.52%, 6.10%, 3.63% of HUNGARY's total exports and were up 45.77%, up 42.21%, up 28.09%, up 20.83%, up 4.62% comparing to the same period of last year.

During the current year until 202105, 85, 84, 90, 30, 29 were HUNGARY's top five traded commodities importing from China , with import values of 2328.3975 million, 869.1575 million, 174.6185 million, 170.5503 million, 132.3054 million. These values account for 49.96%, 18.65%, 3.75%, 3.66%, 2.84% of HUNGARY's total imports and were up 50.06%, up 31.86%, down 59.84%, up 2088.48%, up 21.07% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat