1.  Overview the trade of HUNGARY in goods current year until 202206

According to Dalian Infobank, in 202206, HUNGARY's exports and imports of goods amounted to 26306.4614 million, and were up 5.40% comparing with the same period of last year. Among these, exports were down 0.26% at 12655.6901 million, and imports were up 11.25% at 13650.7713 million. And the corresponding trade deficit was 995.0812 million and down 337.49%.

During the current year until 202206, HUNGARY's total exports and imports of goods were 156337.5969 million and were up 10.28% comparing to the same period of last year. Among these, exports were 76409.5910 million and up 5.80%; imports were 79928.0059 million and up 14.93%. The total trade deficit was 3518.4148 million and down 231.51%.

If considering by country (region), GERMANY, INTRA-EU, AUSTRIA, SLOVAKIA, CHINA were HUNGARY's top five trading partners. During the current year until 202206, HUNGARY's imports and exports to five countries/territories were 29773.2762 million, 19547.1000 million, 7950.7384 million, 7234.8280 million, 6907.0492 million. These values correspond to 19.04%, 12.50%, 5.09%, 4.63%, 4.42% of HUNGARY's imports and exports, and, respectively, were down 19.23%, 0, up 11.50%, up 1.79%, up 4.14% comparing to the same period of last year.

Current year until 202206, 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 202206, HUNGARY's exports to these five countries/territories were 15990.0332 million, 10143.3600 million, 3718.7022 million, 3566.2647 million, 3285.1670 million. These values correspond to 20.93%, 13.27%, 4.87%, 4.67%, 4.30% of HUNGARY's exports and, respectively, were down 20.38%, 0, down 13.34%, down 4.98%, down 13.41% comparing with the same period of last year.

Current year until 202206, 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 202206, HUNGARY's imports from these five countries/territories were 13783.2430 million, 9403.7400 million, 5987.5236 million, 4909.0786 million, 4779.4307 million. These values correspond to 17.24%, 11.77%, 7.49%, 6.14%, 5.98% of HUNGARY's total imports and, respectively, were down 17.85%, 0, up 5.94%, up 27.02%, up 134.51% comparing with the same period of last year.

During the current year until 202206, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, SERBIA, UNITED STATES, UNITED KINGDOM at 2206.7902 million, 1586.1001 million, 1311.5648 million, 1239.1299 million, 1228.8668 million, and down 33.23%, down 10.87%, up 275.18%, up 45.18%, down 16.16%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, NETHERLANDS at 5067.9981 million, 4124.6006 million, 2426.4090 million, 1867.4187 million, 1371.3910 million, and up 8.50%, up 337.54%, up 13.50%, up 211.94%, up 32.19%.

Current year until 202206, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202206,  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 30285.1404 million, 20243.1747 million, 18476.6951 million, 14342.0244 million, 14007.2608 million, which were down 9.19%, up 2379.45%, down 15.45%, down 19.86%, up 111.17% comparing with the same period of last year and account for 19.37%, 12.95%, 11.82%, 9.17%, 8.96% of HUNGARY's total imports and exports.

During the current year until 202206, 85, 99, 84, 87, 27 were HUNGARY's top five traded commodities, with total import and export values of 16114.0380 million, 10690.9652 million, 9201.1571 million, 8334.9890 million, 3911.1585 million. These values correspond to 21.09%, 13.99%, 12.04%, 10.91%, 5.12% of HUNGARY's total exports and, respectively, were down 10.22%, up 1773.73%, down 16.67%, down 22.43%, up 110.35% comparing to the same period of last year.

During the current year until 202206, 85, 27, 99, 84, 87 were HUNGARY's top five traded commodities, with total import values of 14171.1024 million, 10096.1023 million, 9552.2095 million, 9275.5380 million, 6007.0354 million. These values correspond to 17.73%, 12.63%, 11.95%, 11.60%, 7.52% of HUNGARY's total exports and, respectively, were down 7.99%, up 111.49%, up 3785.10%, down 14.20%, down 15.99% comparing to the same period of last year.

2. Current year until 202206, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202206, HUNGARY-China binational exports and imports of goods amounted to 6907.0492 million and were up 4.14% comparing with the same period of last year. Among these, exports from HUNGARY to China were 919.5255 million and down 6.26%, imports from China to HUNGARY were 5987.5236 million and up 5.94%. The total binational trade deficit was 5067.9981 million and up 8.50%.

During the urrent year until 202206, 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 3170.1894 million, 1237.6859 million, 282.7112 million, 219.3987 million, 209.3637 million and makes up 45.90%, 17.92%, 4.09%, 3.18%, 3.03% of the total binational imports and exports. These values were also up 0.76%, down 1.60%, up 5.40%, up 99.57%, up 17.17% comparing to the same period last year.

During the current year until 202206, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 242.2965 million, 196.6471 million, 58.1243 million, 50.5403 million, 42.9387 million. These values account for 26.35%, 21.39%, 6.32%, 5.50%, 4.67% of HUNGARY's total exports and were down 14.91%, down 10.11%, up 0.68%, down 17.37%, up 24.38% comparing to the same period of last year.

During the current year until 202206, 85, 84, 90, 38, 39 were HUNGARY's top five traded commodities importing from China , with import values of 2927.8929 million, 1041.0388 million, 224.5870 million, 206.9759 million, 179.3113 million. These values account for 48.90%, 17.39%, 3.75%, 3.46%, 2.99% of HUNGARY's total imports and were up 2.32%, up 0.19%, up 6.69%, up 103.94%, up 26.20% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat