1.  Overview the trade of HUNGARY in goods current year until 202202

According to Dalian Infobank, in 202202, HUNGARY's exports and imports of goods amounted to 25803.4240 million, and were up 11.78% comparing with the same period of last year. Among these, exports were up 7.33% at 12716.3988 million, and imports were up 16.46% at 13087.0252 million. And the corresponding trade deficit was 370.6265 million and down 160.71%.

During the current year until 202202, HUNGARY's total exports and imports of goods were 50127.5764 million and were up 13.55% comparing to the same period of last year. Among these, exports were 24784.0007 million and up 8.26%; imports were 25343.5757 million and up 19.25%. The total trade deficit was 559.5750 million and down 134.13%.

If considering by country (region), INTRA-EU, GERMANY, CHINA, RUSSIA, AUSTRIA were HUNGARY's top five trading partners. During the current year until 202202, HUNGARY's imports and exports to five countries/territories were 19167.9800 million, 5547.3603 million, 2294.0393 million, 1729.8937 million, 1467.0336 million. These values correspond to 38.24%, 11.07%, 4.58%, 3.45%, 2.93% of HUNGARY's imports and exports, and, respectively, were 0, down 52.03%, up 18.89%, up 73.01%, down 31.43% comparing to the same period of last year.

Current year until 202202, HUNGARY and the top five trade partners INTRA-EU, GERMANY, SERBIA, ROMANIA, ITALY are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202202, HUNGARY's exports to these five countries/territories were 10094.3800 million, 3030.4177 million, 982.3328 million, 717.3626 million, 683.2580 million. These values correspond to 40.73%, 12.23%, 3.96%, 2.89%, 2.76% of HUNGARY's exports and, respectively, were 0, down 52.34%, up 163.27%, down 39.52%, down 49.33% comparing with the same period of last year.

Current year until 202202, HUNGARY's exports to top five countries/territories INTRA-EU, GERMANY, CHINA, RUSSIA, AUSTRIA are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202202, HUNGARY's imports from these five countries/territories were 9073.6000 million, 2516.9426 million, 2012.8310 million, 1410.7875 million, 908.1219 million. These values correspond to 35.80%, 9.93%, 7.94%, 5.57%, 3.58% of HUNGARY's total imports and, respectively, were 0, down 51.66%, up 22.95%, up 115.17%, down 19.84% comparing with the same period of last year.

During the current year until 202202, the trade surplus of HUNGARY was mainly from INTRA-EU, SERBIA, GERMANY, UNITED STATES, ROMANIA at 1020.7800 million, 624.5858 million, 513.4752 million, 328.0187 million, 320.9617 million, and 0, up 565.89%, down 55.40%, down 2.92%, down 43.90%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, NETHERLANDS, AUSTRIA at 1731.6227 million, 1091.6812 million, 798.0076 million, 385.6672 million, 349.2101 million, and up 28.77%, up 250.54%, up 14.00%, up 17.65%, up 176.76%.

Current year until 202202, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202202,  commodities with hs2 codes, 99, 85, 84, 27, 87, were HUNGARY's top five traded commodities. They correspond to the import and export values of 19383.0124 million, 7231.0850 million, 4137.3271 million, 3726.0386 million, 2802.2806 million, which were up 6639.46%, down 32.90%, down 39.18%, up 68.37%, down 47.86% comparing with the same period of last year and account for 38.67%, 14.43%, 8.25%, 7.43%, 5.59% of HUNGARY's total imports and exports.

During the current year until 202202, 99, 85, 84, 87, 27 were HUNGARY's top five traded commodities, with total import and export values of 10279.4541 million, 3531.9978 million, 1943.2073 million, 1576.9132 million, 1224.8571 million. These values correspond to 41.48%, 14.25%, 7.84%, 6.36%, 4.94% of HUNGARY's total exports and, respectively, were up 4897.08%, down 39.90%, down 44.63%, down 51.78%, up 87.45% comparing to the same period of last year.

During the current year until 202202, 99, 85, 27, 84, 87 were HUNGARY's top five traded commodities, with total import values of 9103.5583 million, 3699.0872 million, 2501.1815 million, 2194.1198 million, 1225.3674 million. These values correspond to 35.92%, 14.60%, 9.87%, 8.66%, 4.84% of HUNGARY's total exports and, respectively, were up 11016.04%, down 24.51%, up 60.38%, down 33.37%, down 41.78% comparing to the same period of last year.

2. Current year until 202202, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202202, HUNGARY-China binational exports and imports of goods amounted to 2294.0393 million and were up 18.89% comparing with the same period of last year. Among these, exports from HUNGARY to China were 281.2083 million and down 3.84%, imports from China to HUNGARY were 2012.8310 million and up 22.95%. The total binational trade deficit was 1731.6227 million and up 28.77%.

During the urrent year until 202202, 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 1033.1299 million, 391.9157 million, 106.2955 million, 93.4818 million, 70.3982 million and makes up 45.04%, 17.08%, 4.63%, 4.07%, 3.07% of the total binational imports and exports. These values were also up 12.39%, up 6.55%, up 27.00%, up 276.35%, up 28.67% comparing to the same period last year.

During the current year until 202202, 85, 84, 30, 90, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 76.5614 million, 51.9499 million, 20.3319 million, 15.1365 million, 12.7606 million. These values account for 27.23%, 18.47%, 7.23%, 5.38%, 4.54% of HUNGARY's total exports and were up 0.86%, down 22.70%, down 19.44%, down 10.77%, up 30.76% comparing to the same period of last year.

During the current year until 202202, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 956.5685 million, 339.9659 million, 91.1590 million, 90.6802 million, 59.6587 million. These values account for 47.52%, 16.89%, 4.53%, 4.51%, 2.96% of HUNGARY's total imports and were up 13.43%, up 13.09%, up 36.60%, up 312.93%, up 32.64% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat