1.  Overview the trade of HUNGARY in goods current year until 202108

According to Dalian Infobank, in 202108, HUNGARY's exports and imports of goods amounted to 20642.3608 million, and were up 9.90% comparing with the same period of last year. Among these, exports were up 3.76% at 9852.9488 million, and imports were up 16.18% at 10789.4120 million. And the corresponding trade deficit was 936.4633 million and down 547.25%.

During the current year until 202108, HUNGARY's total exports and imports of goods were 184774.7875 million and were up 27.04% comparing to the same period of last year. Among these, exports were 93075.8439 million and up 26.31%; imports were 91698.9436 million and up 27.79%. The total trade surplus was 1376.9003 million and down 28.76%.

If considering by country (region), GERMANY, INTRA-EU, CHINA, ITALY, AUSTRIA were HUNGARY's top five trading partners. During the current year until 202108, HUNGARY's imports and exports to five countries/territories were 42534.1050 million, 15185.8800 million, 8831.7619 million, 8651.4117 million, 8401.0943 million. These values correspond to 23.02%, 8.22%, 4.78%, 4.68%, 4.55% of HUNGARY's imports and exports, and, respectively, were up 12.81%, 0, up 19.55%, up 28.68%, up 8.28% comparing to the same period of last year.

Current year until 202108, HUNGARY and the top five trade partners GERMANY, INTRA-EU, ITALY, ROMANIA, SLOVAKIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202108, HUNGARY's exports to these five countries/territories were 23125.7654 million, 7769.5200 million, 4938.7476 million, 4399.4213 million, 4343.1567 million. These values correspond to 24.85%, 8.35%, 5.31%, 4.73%, 4.67% of HUNGARY's exports and, respectively, were up 12.04%, 0, up 30.16%, up 11.28%, up 10.60% comparing with the same period of last year.

Current year until 202108, HUNGARY's exports to top five countries/territories GERMANY, CHINA, INTRA-EU, AUSTRIA, POLAND are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202108, HUNGARY's imports from these five countries/territories were 19408.3396 million, 7533.4066 million, 7416.3600 million, 4602.6881 million, 4555.4998 million. These values correspond to 21.17%, 8.22%, 8.09%, 5.02%, 4.97% of HUNGARY's total imports and, respectively, were up 13.74%, up 18.85%, 0, up 6.31%, up 13.65% comparing with the same period of last year.

During the current year until 202108, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, UNITED STATES at 3717.4259 million, 2075.0672 million, 1668.6587 million, 1226.0835 million, 1014.7182 million, and up 3.95%, up 1.67%, up 47.13%, up 41.69%, up 44.02%. And the trade deficits were mainly from CHINA, SOUTH KOREA, RUSSIA, NETHERLANDS, POLAND at 6235.0514 million, 2959.9207 million, 1689.1983 million, 1189.9127 million, 933.5826 million, and up 17.87%, up 23.85%, up 255.77%, up 22.42%, down 2.00%.

Current year until 202108, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202108,  commodities with hs2 codes, 85, 84, 87, 99, 30, were HUNGARY's top five traded commodities. They correspond to the import and export values of 39691.5333 million, 26151.4446 million, 20922.1096 million, 16193.4292 million, 8729.8720 million, which were up 21.10%, up 14.11%, up 20.83%, up 2029.68%, down 5.58% comparing with the same period of last year and account for 21.48%, 14.15%, 11.32%, 8.76%, 4.72% of HUNGARY's total imports and exports.

During the current year until 202108, 85, 84, 87, 99, 30 were HUNGARY's top five traded commodities, with total import and export values of 20901.6062 million, 12935.8416 million, 12597.1827 million, 8481.6967 million, 4632.6772 million. These values correspond to 22.46%, 13.90%, 13.53%, 9.11%, 4.98% of HUNGARY's total exports and, respectively, were up 19.63%, up 9.92%, up 19.60%, up 1779.08%, down 4.66% comparing to the same period of last year.

During the current year until 202108, 85, 84, 87, 99, 27 were HUNGARY's top five traded commodities, with total import values of 18789.9272 million, 13215.6031 million, 8324.9269 million, 7711.7325 million, 6041.6051 million. These values correspond to 20.49%, 14.41%, 9.08%, 8.41%, 6.59% of HUNGARY's total exports and, respectively, were up 22.78%, up 18.54%, up 22.73%, up 2395.74%, up 46.30% comparing to the same period of last year.

2. Current year until 202108, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202108, HUNGARY-China binational exports and imports of goods amounted to 8831.7619 million and were up 19.55% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1298.3553 million and up 23.80%, imports from China to HUNGARY were 7533.4066 million and up 18.85%. The total binational trade deficit was 6235.0514 million and up 17.87%.

During the urrent year until 202108, 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 4188.2315 million, 1665.4445 million, 362.2509 million, 245.7873 million, 244.6047 million and makes up 47.42%, 18.86%, 4.10%, 2.78%, 2.77% of the total binational imports and exports. These values were also up 43.56%, up 25.69%, down 63.77%, up 198.83%, up 46.26% comparing to the same period last year.

During the current year until 202108, 85, 84, 90, 30, 87 were the top five traded commodities exported to China from HUNGARY, with export values of 391.9754 million, 285.7617 million, 82.1509 million, 72.8407 million, 47.5936 million. These values account for 30.19%, 22.01%, 6.33%, 5.61%, 3.67% of HUNGARY's total exports and were up 32.60%, up 29.00%, up 9.33%, up 2.02%, up 10.07% comparing to the same period of last year.

During the current year until 202108, 85, 84, 90, 39, 29 were HUNGARY's top five traded commodities importing from China , with import values of 3796.2561 million, 1379.6828 million, 280.1000 million, 207.3804 million, 206.9636 million. These values account for 50.39%, 18.31%, 3.72%, 2.75%, 2.75% of HUNGARY's total imports and were up 44.79%, up 25.02%, down 69.71%, up 57.88%, up 29.97% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat