1.  Overview the trade of HUNGARY in goods current year until 202205

According to Dalian Infobank, in 202205, HUNGARY's exports and imports of goods amounted to 25343.1060 million, and were up 8.08% comparing with the same period of last year. Among these, exports were up 7.01% at 12452.0286 million, and imports were up 9.14% at 12891.0774 million. And the corresponding trade deficit was 439.0488 million and up 151.66%.

During the current year until 202205, HUNGARY's total exports and imports of goods were 129120.7525 million and were up 10.54% comparing to the same period of last year. Among these, exports were 63262.6377 million and up 6.27%; imports were 65858.1148 million and up 14.98%. The total trade deficit was 2595.4771 million and down 215.03%.

If considering by country (region), GERMANY, INTRA-EU, AUSTRIA, CHINA, SLOVAKIA were HUNGARY's top five trading partners. During the current year until 202205, HUNGARY's imports and exports to five countries/territories were 23724.8009 million, 19253.7800 million, 6415.1630 million, 5670.3774 million, 5614.7116 million. These values correspond to 18.37%, 14.91%, 4.97%, 4.39%, 4.35% of HUNGARY's imports and exports, and, respectively, were down 22.16%, 0, up 10.01%, up 3.83%, down 2.84% comparing to the same period of last year.

Current year until 202205, 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 202205, HUNGARY's exports to these five countries/territories were 12805.1843 million, 9944.2600 million, 2931.9176 million, 2877.9223 million, 2533.8056 million. These values correspond to 20.24%, 15.72%, 4.63%, 4.55%, 4.01% of HUNGARY's exports and, respectively, were down 22.89%, 0, down 17.21%, down 7.54%, down 17.94% comparing with the same period of last year.

Current year until 202205, HUNGARY's exports to top five countries/territories GERMANY, INTRA-EU, 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 202205, HUNGARY's imports from these five countries/territories were 10919.6166 million, 9309.5200 million, 4916.1034 million, 3986.2866 million, 3462.9330 million. These values correspond to 16.58%, 14.14%, 7.46%, 6.05%, 5.26% of HUNGARY's total imports and, respectively, were down 21.29%, 0, up 5.48%, up 26.42%, up 105.94% comparing with the same period of last year.

During the current year until 202205, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, SERBIA, UNITED STATES, UNITED KINGDOM at 1885.5677 million, 1264.2032 million, 1219.2107 million, 961.0595 million, 939.7733 million, and down 31.00%, down 15.09%, up 333.67%, up 36.65%, down 22.00%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, NETHERLANDS at 4161.8295 million, 2915.7529 million, 1941.4030 million, 1557.4103 million, 1143.2503 million, and up 7.81%, up 283.64%, up 9.90%, up 228.03%, up 27.28%.

Current year until 202205, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202205,  commodities with hs2 codes, 85, 99, 84, 87, 27, were HUNGARY's top five traded commodities. They correspond to the import and export values of 24403.6615 million, 19830.0874 million, 14712.7340 million, 11422.6200 million, 11357.4165 million, which were down 11.23%, up 2815.71%, down 18.56%, down 22.76%, up 109.14% comparing with the same period of last year and account for 18.90%, 15.36%, 11.39%, 8.85%, 8.80% of HUNGARY's total imports and exports.

During the current year until 202205, 85, 99, 84, 87, 27 were HUNGARY's top five traded commodities, with total import and export values of 12883.1588 million, 10400.8957 million, 7260.9760 million, 6601.4600 million, 3459.0740 million. These values correspond to 20.36%, 16.44%, 11.48%, 10.44%, 5.47% of HUNGARY's total exports and, respectively, were down 12.61%, up 2086.83%, down 20.58%, down 25.59%, up 128.63% comparing to the same period of last year.

During the current year until 202205, 85, 99, 27, 84, 87 were HUNGARY's top five traded commodities, with total import values of 11520.5027 million, 9429.1917 million, 7898.3425 million, 7451.7580 million, 4821.1600 million. These values correspond to 17.49%, 14.32%, 11.99%, 11.31%, 7.32% of HUNGARY's total exports and, respectively, were down 9.62%, up 4510.89%, up 101.61%, down 16.50%, down 18.52% comparing to the same period of last year.

2. Current year until 202205, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202205, HUNGARY-China binational exports and imports of goods amounted to 5670.3774 million and were up 3.83% comparing with the same period of last year. Among these, exports from HUNGARY to China were 754.2740 million and down 5.75%, imports from China to HUNGARY were 4916.1034 million and up 5.48%. The total binational trade deficit was 4161.8295 million and up 7.81%.

During the urrent year until 202205, 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 2577.8245 million, 1018.1942 million, 233.3163 million, 182.2243 million, 172.8415 million and makes up 45.46%, 17.96%, 4.11%, 3.21%, 3.05% of the total binational imports and exports. These values were also up 0.68%, down 2.64%, up 4.46%, up 102.31%, up 17.03% comparing to the same period last year.

During the current year until 202205, 85, 84, 30, 90, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 193.6624 million, 163.5090 million, 45.3381 million, 44.6647 million, 34.5501 million. These values account for 25.68%, 21.68%, 6.01%, 5.92%, 4.58% of HUNGARY's total exports and were down 16.30%, down 7.92%, down 13.52%, down 8.25%, up 19.88% comparing to the same period of last year.

During the current year until 202205, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 2384.1622 million, 854.6853 million, 188.6516 million, 174.6132 million, 146.2152 million. These values account for 48.50%, 17.39%, 3.84%, 3.55%, 2.97% of HUNGARY's total imports and were up 2.37%, down 1.56%, up 8.00%, up 107.37%, up 23.38% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat