1.  Overview the trade of HUNGARY in goods current year until 202112

According to Dalian Infobank, in 202112, HUNGARY's exports and imports of goods amounted to 22929.2755 million, and were up 11.83% comparing with the same period of last year. Among these, exports were up 9.07% at 11257.2572 million, and imports were up 14.63% at 11672.0183 million. And the corresponding trade deficit was 414.7611 million and down 398.13%.

During the current year until 202112, HUNGARY's total exports and imports of goods were 283583.4802 million and were up 19.82% comparing to the same period of last year. Among these, exports were 141476.6066 million and up 17.26%; imports were 142106.8736 million and up 22.49%. The total trade deficit was 630.2670 million and down 113.60%.

If considering by country (region), GERMANY, INTRA-EU, SLOVAKIA, AUSTRIA, CHINA were HUNGARY's top five trading partners. During the current year until 202112, HUNGARY's imports and exports to five countries/territories were 65403.1458 million, 17295.1200 million, 14090.2831 million, 13847.6556 million, 13527.4312 million. These values correspond to 23.06%, 6.10%, 4.97%, 4.88%, 4.77% of HUNGARY's imports and exports, and, respectively, were up 6.47%, 0, up 17.71%, up 13.35%, up 11.36% comparing to the same period of last year.

Current year until 202112, 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 202112, HUNGARY's exports to these five countries/territories were 35413.7209 million, 8704.0800 million, 7583.2728 million, 7046.2167 million, 6762.4156 million. These values correspond to 25.03%, 6.15%, 5.36%, 4.98%, 4.78% of HUNGARY's exports and, respectively, were up 4.86%, 0, up 20.29%, up 8.93%, up 2.60% comparing with the same period of last year.

Current year until 202112, 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 202112, HUNGARY's imports from these five countries/territories were 29989.4249 million, 11589.8144 million, 8591.0400 million, 7802.3420 million, 7343.9513 million. These values correspond to 21.10%, 8.16%, 6.05%, 5.49%, 5.17% of HUNGARY's total imports and, respectively, were up 8.45%, up 11.23%, 0, up 15.09%, up 11.09% comparing with the same period of last year.

During the current year until 202112, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, ITALY, UNITED STATES at 5424.2960 million, 3273.5758 million, 2618.3416 million, 1847.7511 million, 1611.4897 million, and down 11.37%, down 3.18%, up 28.25%, up 15.65%, up 21.17%. And the trade deficits were mainly from CHINA, SOUTH KOREA, RUSSIA, NETHERLANDS, AUSTRIA at 9652.1976 million, 4401.5593 million, 2876.1718 million, 2123.0100 million, 1757.0284 million, and up 11.06%, up 14.57%, up 164.49%, up 37.52%, up 30.92%.

Current year until 202112, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202112,  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 61829.5159 million, 38979.8153 million, 30700.6965 million, 18915.5908 million, 17100.5473 million, which were up 12.34%, up 4.65%, up 4.85%, up 1317.53%, up 74.58% comparing with the same period of last year and account for 21.80%, 13.75%, 10.83%, 6.67%, 6.03% of HUNGARY's total imports and exports.

During the current year until 202112, 85, 84, 87, 99, 30 were HUNGARY's top five traded commodities, with total import and export values of 32633.9696 million, 19356.3203 million, 18420.6869 million, 9834.8078 million, 7286.1910 million. These values correspond to 23.07%, 13.68%, 13.02%, 6.95%, 5.15% of HUNGARY's total exports and, respectively, were up 10.25%, up 0.64%, up 2.74%, up 1075.21%, down 2.63% comparing to the same period of last year.

During the current year until 202112, 85, 84, 87, 27, 99 were HUNGARY's top five traded commodities, with total import values of 29195.5463 million, 19623.4950 million, 12280.0096 million, 11863.3452 million, 9080.7829 million. These values correspond to 20.54%, 13.81%, 8.64%, 8.35%, 6.39% of HUNGARY's total exports and, respectively, were up 14.78%, up 8.93%, up 8.18%, up 76.13%, up 1725.11% comparing to the same period of last year.

2. Current year until 202112, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202112, HUNGARY-China binational exports and imports of goods amounted to 13527.4312 million and were up 11.36% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1937.6168 million and up 12.11%, imports from China to HUNGARY were 11589.8144 million and up 11.23%. The total binational trade deficit was 9652.1976 million and up 11.06%.

During the urrent year until 202112, 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 6517.2208 million, 2527.2082 million, 545.9148 million, 381.3513 million, 345.1849 million and makes up 48.18%, 18.68%, 4.04%, 2.82%, 2.55% of the total binational imports and exports. These values were also up 36.03%, up 15.33%, down 70.73%, up 41.22%, up 40.74% comparing to the same period last year.

During the current year until 202112, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 581.5406 million, 436.2046 million, 119.3366 million, 104.1296 million, 70.5484 million. These values account for 30.01%, 22.51%, 6.16%, 5.37%, 3.64% of HUNGARY's total exports and were up 15.02%, up 11.37%, down 2.16%, down 8.24%, up 17.99% comparing to the same period of last year.

During the current year until 202112, 85, 84, 90, 87, 39 were HUNGARY's top five traded commodities importing from China , with import values of 5935.6802 million, 2091.0036 million, 426.5782 million, 312.1147 million, 308.8991 million. These values account for 51.21%, 18.04%, 3.68%, 2.69%, 2.67% of HUNGARY's total imports and were up 38.51%, up 16.19%, down 75.53%, up 51.06%, up 50.08% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat