1.  Overview the trade of HUNGARY in goods current year until 202107

According to Dalian Infobank, in 202107, HUNGARY's exports and imports of goods amounted to 23000.6891 million, and were up 16.47% comparing with the same period of last year. Among these, exports were up 12.69% at 11170.6530 million, and imports were up 20.28% at 11830.0362 million. And the corresponding trade deficit was 659.3832 million and down 956.21%.

During the current year until 202107, HUNGARY's total exports and imports of goods were 164173.1170 million and were up 29.66% comparing to the same period of last year. Among these, exports were 83163.2877 million and up 29.66%; imports were 81009.8293 million and up 29.67%. The total trade surplus was 2153.4584 million and up 29.27%.

If considering by country (region), GERMANY, INTRA-EU, CHINA, ITALY, SLOVAKIA were HUNGARY's top five trading partners. During the current year until 202107, HUNGARY's imports and exports to five countries/territories were 36794.2470 million, 17614.7800 million, 7689.1387 million, 7385.4327 million, 7142.0433 million. These values correspond to 22.41%, 10.73%, 4.68%, 4.50%, 4.35% of HUNGARY's imports and exports, and, respectively, were up 12.04%, 0, up 18.12%, up 24.05%, up 15.72% comparing to the same period of last year.

Current year until 202107, HUNGARY and the top five trade partners GERMANY, INTRA-EU, ITALY, SLOVAKIA, ROMANIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202107, HUNGARY's exports to these five countries/territories were 19956.9550 million, 9102.9400 million, 4259.2423 million, 3797.9579 million, 3729.2392 million. These values correspond to 24.00%, 10.95%, 5.12%, 4.57%, 4.48% of HUNGARY's exports and, respectively, were up 10.66%, 0, up 27.05%, up 14.07%, up 9.46% comparing with the same period of last year.

Current year until 202107, HUNGARY's exports to top five countries/territories GERMANY, INTRA-EU, CHINA, POLAND, AUSTRIA are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202107, HUNGARY's imports from these five countries/territories were 16837.2920 million, 8511.8400 million, 6537.7272 million, 3918.1775 million, 3863.0738 million. These values correspond to 20.78%, 10.51%, 8.07%, 4.84%, 4.77% of HUNGARY's total imports and, respectively, were up 13.72%, 0, up 16.90%, up 14.01%, up 2.07% comparing with the same period of last year.

During the current year until 202107, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, UNITED STATES at 3119.6631 million, 1749.3796 million, 1471.7263 million, 1133.0519 million, 938.6076 million, and down 3.34%, up 0.85%, up 53.55%, up 50.86%, up 63.40%. And the trade deficits were mainly from CHINA, SOUTH KOREA, RUSSIA, NETHERLANDS, POLAND at 5386.3157 million, 2587.2742 million, 1309.6577 million, 1029.3384 million, 795.8395 million, and up 15.20%, up 25.52%, up 227.95%, up 23.20%, up 2.32%.

Current year until 202107, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202107,  commodities with hs2 codes, 85, 84, 99, 87, 30, were HUNGARY's top five traded commodities. They correspond to the import and export values of 34671.4626 million, 22966.4462 million, 18514.9392 million, 18190.5078 million, 7587.0044 million, which were up 22.54%, up 14.14%, up 2759.72%, up 21.66%, down 5.28% comparing with the same period of last year and account for 21.12%, 13.99%, 11.28%, 11.08%, 4.62% of HUNGARY's total imports and exports.

During the current year until 202107, 85, 84, 87, 99, 30 were HUNGARY's top five traded commodities, with total import and export values of 18359.5658 million, 11407.6288 million, 10912.8406 million, 9748.1300 million, 4053.8507 million. These values correspond to 22.08%, 13.72%, 13.12%, 11.72%, 4.87% of HUNGARY's total exports and, respectively, were up 22.00%, up 9.95%, up 20.58%, up 2373.06%, down 4.90% comparing to the same period of last year.

During the current year until 202107, 85, 84, 99, 87, 27 were HUNGARY's top five traded commodities, with total import values of 16311.8967 million, 11558.8174 million, 8766.8092 million, 7277.6673 million, 4983.6664 million. These values correspond to 20.14%, 14.27%, 10.82%, 8.98%, 6.15% of HUNGARY's total exports and, respectively, were up 23.14%, up 18.60%, up 3361.48%, up 23.33%, up 35.80% comparing to the same period of last year.

2. Current year until 202107, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202107, HUNGARY-China binational exports and imports of goods amounted to 7689.1387 million and were up 18.12% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1151.4115 million and up 25.56%, imports from China to HUNGARY were 6537.7272 million and up 16.90%. The total binational trade deficit was 5386.3157 million and up 15.20%.

During the urrent year until 202107, 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 3616.2075 million, 1464.7839 million, 312.0063 million, 240.4491 million, 212.7181 million and makes up 47.03%, 19.05%, 4.06%, 3.13%, 2.77% of the total binational imports and exports. These values were also up 42.65%, up 25.94%, down 66.09%, up 220.61%, up 42.26% comparing to the same period last year.

During the current year until 202107, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 340.5696 million, 257.1062 million, 70.4411 million, 68.2346 million, 42.8014 million. These values account for 29.58%, 22.33%, 6.12%, 5.93%, 3.72% of HUNGARY's total exports and were up 36.15%, up 33.70%, up 8.63%, up 5.04%, up 18.04% comparing to the same period of last year.

During the current year until 202107, 85, 84, 90, 29, 39 were HUNGARY's top five traded commodities importing from China , with import values of 3275.6379 million, 1207.6776 million, 241.5652 million, 182.4911 million, 175.6270 million. These values account for 50.10%, 18.47%, 3.69%, 2.79%, 2.69% of HUNGARY's total imports and were up 43.37%, up 24.40%, down 71.75%, up 24.25%, up 52.81% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat