1.  Overview the trade of HUNGARY in goods current year until 202110

According to Dalian Infobank, in 202110, HUNGARY's exports and imports of goods amounted to 24614.8256 million, and were up 4.98% comparing with the same period of last year. Among these, exports were down 3.19% at 11758.1152 million, and imports were up 13.76% at 12856.7104 million. And the corresponding trade deficit was 1098.5952 million and down 230.29%.

During the current year until 202110, HUNGARY's total exports and imports of goods were 234736.1700 million and were up 22.20% comparing to the same period of last year. Among these, exports were 117236.8270 million and up 19.58%; imports were 117499.3430 million and up 24.93%. The total trade deficit was 262.5160 million and down 106.58%.

If considering by country (region), GERMANY, INTRA-EU, CHINA, SLOVAKIA, AUSTRIA were HUNGARY's top five trading partners. During the current year until 202110, HUNGARY's imports and exports to five countries/territories were 53394.1820 million, 18445.5900 million, 11259.2270 million, 10915.2186 million, 10885.3913 million. These values correspond to 22.75%, 7.86%, 4.80%, 4.65%, 4.64% of HUNGARY's imports and exports, and, respectively, were up 6.40%, 0, up 19.95%, up 12.17%, up 7.54% comparing to the same period of last year.

Current year until 202110, 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 202110, HUNGARY's exports to these five countries/territories were 28919.0853 million, 9280.8000 million, 6109.0480 million, 5691.5250 million, 5440.2173 million. These values correspond to 24.67%, 7.92%, 5.21%, 4.85%, 4.64% of HUNGARY's exports and, respectively, were up 4.75%, 0, up 20.23%, up 8.57%, up 1.72% comparing with the same period of last year.

Current year until 202110, 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 202110, HUNGARY's imports from these five countries/territories were 24475.0967 million, 9649.8380 million, 9164.7900 million, 6003.0820 million, 5892.7522 million. These values correspond to 20.83%, 8.21%, 7.80%, 5.11%, 5.02% of HUNGARY's total imports and, respectively, were up 8.41%, up 20.71%, 0, up 7.07%, up 9.22% comparing with the same period of last year.

During the current year until 202110, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, CROATIA at 4443.9886 million, 2686.5933 million, 2125.0101 million, 1440.8586 million, 1267.9816 million, and down 11.68%, down 1.39%, up 33.48%, up 16.83%, up 32.25%. And the trade deficits were mainly from CHINA, SOUTH KOREA, RUSSIA, NETHERLANDS, POLAND at 8040.4490 million, 3759.8380 million, 2578.9511 million, 1588.8160 million, 1269.6095 million, and up 21.78%, up 21.22%, up 196.70%, up 32.61%, down 4.55%.

Current year until 202110, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202110,  commodities with hs2 codes, 85, 84, 87, 99, 27, were HUNGARY's top five traded commodities. They correspond to the import and export values of 50347.7154 million, 32386.6354 million, 25407.2424 million, 19737.1030 million, 12706.6652 million, which were up 13.83%, up 7.44%, up 6.93%, up 1809.21%, up 58.70% comparing with the same period of last year and account for 21.45%, 13.80%, 10.82%, 8.41%, 5.41% of HUNGARY's total imports and exports.

During the current year until 202110, 85, 84, 87, 99, 30 were HUNGARY's top five traded commodities, with total import and export values of 26356.4878 million, 15988.5613 million, 15223.1026 million, 10187.8762 million, 5985.6280 million. These values correspond to 22.48%, 13.64%, 12.98%, 8.69%, 5.11% of HUNGARY's total exports and, respectively, were up 10.70%, up 2.62%, up 5.01%, up 1519.49%, down 4.39% comparing to the same period of last year.

During the current year until 202110, 85, 84, 87, 99, 27 were HUNGARY's top five traded commodities, with total import values of 23991.2275 million, 16398.0742 million, 10184.1398 million, 9549.2268 million, 8791.6962 million. These values correspond to 20.42%, 13.96%, 8.67%, 8.13%, 7.48% of HUNGARY's total exports and, respectively, were up 17.48%, up 12.58%, up 9.93%, up 2259.53%, up 60.82% comparing to the same period of last year.

2. Current year until 202110, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202110, HUNGARY-China binational exports and imports of goods amounted to 11259.2270 million and were up 19.95% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1609.3890 million and up 15.63%, imports from China to HUNGARY were 9649.8380 million and up 20.71%. The total binational trade deficit was 8040.4490 million and up 21.78%.

During the urrent year until 202110, commodities with hs2 code, 85, 84, 90, 87, 39, were binational trade's top five traded commodities. They correspond to import and export values of 5390.6445 million, 2121.2465 million, 461.8811 million, 316.7407 million, 292.7184 million and makes up 47.88%, 18.84%, 4.10%, 2.81%, 2.60% of the total binational imports and exports. These values were also up 39.90%, up 18.48%, down 54.09%, up 46.91%, up 47.58% comparing to the same period last year.

During the current year until 202110, 85, 84, 90, 30, 87 were the top five traded commodities exported to China from HUNGARY, with export values of 482.1331 million, 364.5020 million, 101.2398 million, 87.1179 million, 57.8948 million. These values account for 29.96%, 22.65%, 6.29%, 5.41%, 3.60% of HUNGARY's total exports and were up 21.41%, up 16.41%, up 0.39%, down 7.28%, up 8.02% comparing to the same period of last year.

During the current year until 202110, 85, 84, 90, 39, 87 were HUNGARY's top five traded commodities importing from China , with import values of 4908.5114 million, 1756.7445 million, 360.6413 million, 261.5753 million, 258.8459 million. These values account for 50.87%, 18.20%, 3.74%, 2.71%, 2.68% of HUNGARY's total imports and were up 42.02%, up 18.92%, down 60.16%, up 55.30%, up 59.77% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat