1.  Overview the trade of HUNGARY in goods current year until 202204

According to Dalian Infobank, in 202204, HUNGARY's exports and imports of goods amounted to 24677.5121 million, and were up 4.59% comparing with the same period of last year. Among these, exports were down 0.93% at 11750.5460 million, and imports were up 10.17% at 12926.9661 million. And the corresponding trade deficit was 1176.4201 million and down 1020.27%.

During the current year until 202204, HUNGARY's total exports and imports of goods were 103407.7845 million and were up 10.76% comparing to the same period of last year. Among these, exports were 50431.5914 million and up 5.30%; imports were 52976.1931 million and up 16.52%. The total trade deficit was 2544.6017 million and down 204.68%.

If considering by country (region), INTRA-EU, GERMANY, AUSTRIA, CHINA, SLOVAKIA were HUNGARY's top five trading partners. During the current year until 202204, HUNGARY's imports and exports to five countries/territories were 18608.6800 million, 18147.9223 million, 4829.6842 million, 4479.7872 million, 4058.2231 million. These values correspond to 18.00%, 17.55%, 4.67%, 4.33%, 3.92% of HUNGARY's imports and exports, and, respectively, were 0, down 25.77%, up 3.99%, up 5.88%, down 12.10% comparing to the same period of last year.

Current year until 202204, 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 202204, HUNGARY's exports to these five countries/territories were 9804.6359 million, 9412.5300 million, 2220.9349 million, 2220.2956 million, 1890.3690 million. These values correspond to 19.44%, 18.66%, 4.40%, 4.40%, 3.75% of HUNGARY's exports and, respectively, were down 26.83%, 0, down 21.57%, down 11.12%, down 24.50% comparing with the same period of last year.

Current year until 202204, HUNGARY's exports to top five countries/territories INTRA-EU, GERMANY, CHINA, AUSTRIA, RUSSIA are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202204, HUNGARY's imports from these five countries/territories were 9196.1500 million, 8343.2864 million, 3899.3910 million, 3003.9448 million, 2889.9499 million. These values correspond to 17.36%, 15.75%, 7.36%, 5.67%, 5.46% of HUNGARY's total imports and, respectively, were 0, down 24.48%, up 7.90%, up 20.06%, up 120.85% comparing with the same period of last year.

During the current year until 202204, the trade surplus of HUNGARY was mainly from GERMANY, SERBIA, ROMANIA, UNITED KINGDOM, UNITED STATES at 1461.3496 million, 1022.1409 million, 968.1721 million, 690.9612 million, 666.8776 million, and down 37.85%, up 345.24%, down 20.61%, down 30.34%, up 17.25%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, NETHERLANDS at 3318.9948 million, 2412.9253 million, 1554.8330 million, 1178.2054 million, 908.3232 million, and up 10.74%, up 352.45%, up 10.51%, up 227.76%, up 26.73%.

Current year until 202204, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202204,  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 19070.5596 million, 18853.4707 million, 11438.3144 million, 9035.0724 million, 8766.3366 million, which were up 3310.91%, down 14.41%, down 21.51%, up 108.34%, down 26.23% comparing with the same period of last year and account for 18.44%, 18.23%, 11.06%, 8.74%, 8.48% of HUNGARY's total imports and exports.

During the current year until 202204, 85, 99, 84, 87, 27 were HUNGARY's top five traded commodities, with total import and export values of 9857.3312 million, 9783.5347 million, 5645.3747 million, 5042.8165 million, 2796.3604 million. These values correspond to 19.55%, 19.40%, 11.19%, 10.00%, 5.54% of HUNGARY's total exports and, respectively, were down 16.92%, up 2368.97%, down 23.95%, down 29.73%, up 123.88% comparing to the same period of last year.

During the current year until 202204, 99, 85, 27, 84, 87 were HUNGARY's top five traded commodities, with total import values of 9287.0250 million, 8996.1395 million, 6238.7120 million, 5792.9398 million, 3723.5201 million. These values correspond to 17.53%, 16.98%, 11.78%, 10.93%, 7.03% of HUNGARY's total exports and, respectively, were up 5603.01%, down 11.48%, up 102.05%, down 18.98%, down 20.91% comparing to the same period of last year.

2. Current year until 202204, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202204, HUNGARY-China binational exports and imports of goods amounted to 4479.7872 million and were up 5.88% comparing with the same period of last year. Among these, exports from HUNGARY to China were 580.3962 million and down 5.93%, imports from China to HUNGARY were 3899.3910 million and up 7.90%. The total binational trade deficit was 3318.9948 million and up 10.74%.

During the urrent year until 202204, 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 2045.4899 million, 786.5279 million, 184.7148 million, 156.0287 million, 136.8863 million and makes up 45.66%, 17.56%, 4.12%, 3.48%, 3.06% of the total binational imports and exports. These values were also up 1.84%, down 5.63%, up 4.11%, up 147.44%, up 16.05% comparing to the same period last year.

During the current year until 202204, 85, 84, 30, 90, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 151.9105 million, 122.3742 million, 35.2759 million, 30.8112 million, 25.4141 million. These values account for 26.17%, 21.08%, 6.08%, 5.31%, 4.38% of HUNGARY's total exports and were down 13.70%, down 11.85%, down 19.25%, down 14.00%, up 22.41% comparing to the same period of last year.

During the current year until 202204, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 1893.5794 million, 664.1537 million, 153.9036 million, 150.2932 million, 116.8619 million. These values account for 48.56%, 17.03%, 3.95%, 3.85%, 3.00% of HUNGARY's total imports and were up 3.33%, down 4.39%, up 8.70%, up 158.10%, up 22.63% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat