1.  Overview the trade of HUNGARY in goods current year until 202201

According to Dalian Infobank, in 202201, HUNGARY's exports and imports of goods amounted to 23947.2412 million, and were up 14.12% comparing with the same period of last year. Among these, exports were up 6.05% at 11664.3324 million, and imports were up 23.00% at 12282.9088 million. And the corresponding trade deficit was 618.5764 million and down 161.12%.

During the current year until 202201, HUNGARY's total exports and imports of goods were 23947.2412 million and were up 14.12% comparing to the same period of last year. Among these, exports were 11664.3324 million and up 6.05%; imports were 12282.9088 million and up 23.00%. The total trade deficit was 618.5764 million and down 161.12%.

If considering by country (region), INTRA-EU, CHINA, RUSSIA, SERBIA, SOUTH KOREA were HUNGARY's top five trading partners. During the current year until 202201, HUNGARY's imports and exports to five countries/territories were 17989.2600 million, 1142.6518 million, 709.1418 million, 601.8470 million, 488.9526 million. These values correspond to 75.12%, 4.77%, 2.96%, 2.51%, 2.04% of HUNGARY's imports and exports, and, respectively, were 0, up 17.03%, up 45.44%, up 82.18%, up 9.08% comparing to the same period of last year.

Current year until 202201, HUNGARY and the top five trade partners INTRA-EU, SERBIA, UNITED STATES, TURKEY, UKRAINE are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202201, HUNGARY's exports to these five countries/territories were 9390.6200 million, 415.9148 million, 286.3598 million, 208.6528 million, 200.7002 million. These values correspond to 80.51%, 3.57%, 2.46%, 1.79%, 1.72% of HUNGARY's exports and, respectively, were 0, up 118.32%, down 14.61%, up 17.80%, up 3.91% comparing with the same period of last year.

Current year until 202201, HUNGARY's exports to top five countries/territories INTRA-EU, CHINA, RUSSIA, SOUTH KOREA, UKRAINE are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202201, HUNGARY's imports from these five countries/territories were 8598.6400 million, 1010.7749 million, 544.4290 million, 430.6909 million, 256.3593 million. These values correspond to 70.00%, 8.23%, 4.43%, 3.51%, 2.09% of HUNGARY's total imports and, respectively, were 0, up 23.37%, up 88.82%, up 4.11%, up 130.13% comparing with the same period of last year.

During the current year until 202201, the trade surplus of HUNGARY was mainly from INTRA-EU, SERBIA, UNITED STATES, TURKEY, MEXICO at 791.9800 million, 229.9827 million, 128.1956 million, 92.8312 million, 43.5430 million, and 0, up 353.90%, down 25.34%, up 34.76%, up 71.53%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, COUNTRIES AND TERRITORIES NOT SPECIFIED FOR COMMERCIAL OR MILITARY REASONS IN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, JAPAN at 878.8980 million, 379.7161 million, 372.4291 million, 129.3330 million, 93.4230 million, and up 32.72%, up 326.29%, down 1.76%, up 2465.33%, down 11.58%.

Current year until 202201, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202201,  commodities with hs2 codes, 99, 85, 27, 84, 87, were HUNGARY's top five traded commodities. They correspond to the import and export values of 18079.2674 million, 1574.7883 million, 967.1468 million, 832.7707 million, 293.3220 million, which were up 11728.56%, down 70.46%, up 10.30%, down 74.68%, down 87.51% comparing with the same period of last year and account for 75.50%, 6.58%, 4.04%, 3.48%, 1.22% of HUNGARY's total imports and exports.

During the current year until 202201, 99, 85, 84, 27, 30 were HUNGARY's top five traded commodities, with total import and export values of 9476.6679 million, 458.3810 million, 341.2644 million, 251.6478 million, 165.9900 million. These values correspond to 81.24%, 3.93%, 2.93%, 2.16%, 1.42% of HUNGARY's total exports and, respectively, were up 8170.19%, down 84.29%, down 79.91%, down 14.35%, down 75.59% comparing to the same period of last year.

During the current year until 202201, 99, 85, 27, 84, 87 were HUNGARY's top five traded commodities, with total import values of 8602.5995 million, 1116.4072 million, 715.4990 million, 491.5064 million, 139.5760 million. These values correspond to 70.04%, 9.09%, 5.83%, 4.00%, 1.14% of HUNGARY's total exports and, respectively, were up 22387.04%, down 53.75%, up 22.72%, down 69.10%, down 85.03% comparing to the same period of last year.

2. Current year until 202201, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202201, HUNGARY-China binational exports and imports of goods amounted to 1142.6518 million and were up 17.03% comparing with the same period of last year. Among these, exports from HUNGARY to China were 131.8769 million and down 16.04%, imports from China to HUNGARY were 1010.7749 million and up 23.37%. The total binational trade deficit was 878.8980 million and up 32.72%.

During the urrent year until 202201, commodities with hs2 code, 85, 84, 90, 38, 87, were binational trade's top five traded commodities. They correspond to import and export values of 507.9501 million, 190.9115 million, 58.1721 million, 39.6424 million, 35.6740 million and makes up 44.45%, 16.71%, 5.09%, 3.47%, 3.12% of the total binational imports and exports. These values were also up 8.51%, up 4.86%, up 30.95%, up 205.66%, up 29.64% comparing to the same period last year.

During the current year until 202201, 85, 84, 30, 95, 90 were the top five traded commodities exported to China from HUNGARY, with export values of 38.7459 million, 21.5007 million, 9.3687 million, 7.6498 million, 5.7801 million. These values account for 29.38%, 16.30%, 7.10%, 5.80%, 4.38% of HUNGARY's total exports and were down 7.39%, down 40.94%, down 45.75%, up 48.13%, down 25.27% comparing to the same period of last year.

During the current year until 202201, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 469.2042 million, 169.4108 million, 52.3920 million, 38.6069 million, 30.1372 million. These values account for 46.42%, 16.76%, 5.18%, 3.82%, 2.98% of HUNGARY's total imports and were up 10.08%, up 16.31%, up 42.80%, up 230.76%, up 32.12% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat