1.  Overview the trade of HUNGARY in goods current year until 202203

According to Dalian Infobank, in 202203, HUNGARY's exports and imports of goods amounted to 27546.7572 million, and were up 7.52% comparing with the same period of last year. Among these, exports were up 1.43% at 13329.7612 million, and imports were up 13.93% at 14216.9960 million. And the corresponding trade deficit was 887.2347 million and down 233.76%.

During the current year until 202203, HUNGARY's total exports and imports of goods were 78132.0296 million and were up 11.99% comparing to the same period of last year. Among these, exports were 38459.8312 million and up 6.73%; imports were 39672.1985 million and up 17.61%. The total trade deficit was 1212.3673 million and down 152.64%.

If considering by country (region), INTRA-EU, GERMANY, CHINA, AUSTRIA, RUSSIA were HUNGARY's top five trading partners. During the current year until 202203, HUNGARY's imports and exports to five countries/territories were 20936.1000 million, 11831.2722 million, 3423.2444 million, 2993.1441 million, 2669.8825 million. These values correspond to 26.80%, 15.14%, 4.38%, 3.83%, 3.42% of HUNGARY's imports and exports, and, respectively, were 0, down 35.50%, up 9.94%, down 12.18%, up 72.40% comparing to the same period of last year.

Current year until 202203, HUNGARY and the top five trade partners INTRA-EU, GERMANY, SERBIA, ITALY, ROMANIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202203, HUNGARY's exports to these five countries/territories were 10798.6200 million, 6458.2845 million, 1506.7183 million, 1441.8661 million, 1427.9128 million. These values correspond to 28.08%, 16.79%, 3.92%, 3.75%, 3.71% of HUNGARY's exports and, respectively, were 0, down 36.00%, up 154.21%, down 32.50%, down 23.59% comparing with the same period of last year.

Current year until 202203, 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 202203, HUNGARY's imports from these five countries/territories were 10137.4800 million, 5372.9877 million, 2982.7316 million, 2255.4098 million, 1879.8985 million. These values correspond to 25.55%, 13.54%, 7.52%, 5.69%, 4.74% of HUNGARY's total imports and, respectively, were 0, down 34.88%, up 12.26%, up 127.32%, up 3.58% comparing with the same period of last year.

During the current year until 202203, the trade surplus of HUNGARY was mainly from GERMANY, SERBIA, INTRA-EU, ROMANIA, UNITED STATES at 1085.2968 million, 908.2940 million, 661.1400 million, 623.7001 million, 481.5967 million, and down 41.01%, up 459.76%, 0, down 30.68%, up 2.84%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, NETHERLANDS at 2542.2188 million, 1840.9371 million, 1158.0579 million, 766.6529 million, 646.2611 million, and up 15.55%, up 322.59%, up 13.37%, up 246.02%, up 15.40%.

Current year until 202203, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202203,  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 21281.4118 million, 12973.9354 million, 7726.5108 million, 6277.6898 million, 5820.5711 million, which were up 4864.76%, down 21.77%, down 28.75%, up 95.64%, down 34.24% comparing with the same period of last year and account for 27.24%, 16.61%, 9.89%, 8.03%, 7.45% of HUNGARY's total imports and exports.

During the current year until 202203, 99, 85, 84, 87, 27 were HUNGARY's top five traded commodities, with total import and export values of 11082.5566 million, 6622.9185 million, 3775.0914 million, 3353.3699 million, 2013.3355 million. These values correspond to 28.82%, 17.22%, 9.82%, 8.72%, 5.23% of HUNGARY's total exports and, respectively, were up 3515.20%, down 26.35%, down 33.03%, down 37.46%, up 123.56% comparing to the same period of last year.

During the current year until 202203, 99, 85, 27, 84, 87 were HUNGARY's top five traded commodities, with total import values of 10198.8552 million, 6351.0168 million, 4264.3543 million, 3951.4195 million, 2467.2012 million. These values correspond to 25.71%, 16.01%, 10.75%, 9.96%, 6.22% of HUNGARY's total exports and, respectively, were up 8253.22%, down 16.35%, up 84.75%, down 24.12%, down 29.29% comparing to the same period of last year.

2. Current year until 202203, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202203, HUNGARY-China binational exports and imports of goods amounted to 3423.2444 million and were up 9.94% comparing with the same period of last year. Among these, exports from HUNGARY to China were 440.5128 million and down 3.56%, imports from China to HUNGARY were 2982.7316 million and up 12.26%. The total binational trade deficit was 2542.2188 million and up 15.55%.

During the urrent year until 202203, 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 1547.4481 million, 596.6973 million, 148.9825 million, 128.5500 million, 102.5828 million and makes up 45.20%, 17.43%, 4.35%, 3.76%, 3.00% of the total binational imports and exports. These values were also up 4.08%, down 0.08%, up 9.42%, up 196.82%, up 12.88% comparing to the same period last year.

During the current year until 202203, 85, 84, 30, 90, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 112.7813 million, 89.9309 million, 27.3675 million, 22.1934 million, 17.8698 million. These values account for 25.60%, 20.42%, 6.21%, 5.04%, 4.06% of HUNGARY's total exports and were down 12.10%, down 13.64%, down 24.62%, down 10.30%, up 17.89% comparing to the same period of last year.

During the current year until 202203, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 1434.6667 million, 506.7664 million, 126.7890 million, 124.4901 million, 86.6835 million. These values account for 48.10%, 16.99%, 4.25%, 4.17%, 2.91% of HUNGARY's total imports and were up 5.60%, up 2.78%, up 13.80%, up 212.99%, up 17.02% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat