1.  Overview the trade of HUNGARY in goods current year until 202208

According to Dalian Infobank, in 202208, HUNGARY's exports and imports of goods amounted to 24967.8367 million, and were up 18.25% comparing with the same period of last year. Among these, exports were up 13.85% at 11445.8919 million, and imports were up 22.24% at 13521.9449 million. And the corresponding trade deficit was 2076.0530 million and up 105.80%.

During the current year until 202208, HUNGARY's total exports and imports of goods were 206564.0658 million and were up 11.16% comparing to the same period of last year. Among these, exports were 99441.6989 million and up 6.48%; imports were 107122.3669 million and up 15.90%. The total trade deficit was 7680.6680 million and down 892.87%.

If considering by country (region), GERMANY, INTRA-EU, AUSTRIA, SLOVAKIA, CHINA were HUNGARY's top five trading partners. During the current year until 202208, HUNGARY's imports and exports to five countries/territories were 41220.3038 million, 18432.9600 million, 11079.0909 million, 10646.5516 million, 9240.0720 million. These values correspond to 19.96%, 8.92%, 5.36%, 5.15%, 4.47% of HUNGARY's imports and exports, and, respectively, were down 13.03%, 0, up 15.65%, up 12.26%, up 4.66% comparing to the same period of last year.

Current year until 202208, 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 202208, HUNGARY's exports to these five countries/territories were 22020.0842 million, 9115.2000 million, 5133.9379 million, 4779.6582 million, 4398.8691 million. These values correspond to 22.14%, 9.17%, 5.16%, 4.81%, 4.42% of HUNGARY's exports and, respectively, were down 14.18%, 0, down 6.24%, down 5.46%, down 9.31% comparing with the same period of last year.

Current year until 202208, 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 202208, HUNGARY's imports from these five countries/territories were 19200.2196 million, 9317.7600 million, 8060.7316 million, 6926.2604 million, 6284.2386 million. These values correspond to 17.92%, 8.70%, 7.52%, 6.47%, 5.87% of HUNGARY's total imports and, respectively, were down 11.67%, 0, up 6.99%, up 31.17%, up 105.33% comparing with the same period of last year.

During the current year until 202208, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, CROATIA, UNITED STATES at 2819.8645 million, 1886.9930 million, 1780.3748 million, 1740.6534 million, 1615.0498 million, and down 28.12%, down 21.11%, down 5.08%, up 131.89%, up 45.23%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, SLOVAKIA at 6881.3913 million, 5436.9604 million, 3306.9497 million, 2773.4299 million, 1848.8134 million, and up 10.29%, up 219.92%, up 11.71%, up 182.73%, down 953.68%.

Current year until 202208, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202208,  commodities with hs2 codes, 85, 84, 87, 27, 99, were HUNGARY's top five traded commodities. They correspond to the import and export values of 41070.1994 million, 25423.6663 million, 20023.0371 million, 19921.0038 million, 19304.8701 million, which were down 4.76%, down 8.86%, down 10.95%, up 104.37%, up 1677.00% comparing with the same period of last year and account for 19.88%, 12.31%, 9.69%, 9.64%, 9.35% of HUNGARY's total imports and exports.

During the current year until 202208, 85, 84, 87, 99, 27 were HUNGARY's top five traded commodities, with total import and export values of 21943.0646 million, 12731.0757 million, 11650.2638 million, 9801.2599 million, 5198.4881 million. These values correspond to 22.07%, 12.80%, 11.72%, 9.86%, 5.23% of HUNGARY's total exports and, respectively, were down 4.49%, down 8.05%, down 13.44%, up 1225.94%, up 84.44% comparing to the same period of last year.

During the current year until 202208, 85, 27, 84, 99, 87 were HUNGARY's top five traded commodities, with total import values of 19127.1348 million, 14722.5157 million, 12692.5906 million, 9503.6102 million, 8372.7734 million. These values correspond to 17.86%, 13.74%, 11.85%, 8.87%, 7.82% of HUNGARY's total exports and, respectively, were down 5.08%, up 112.47%, down 9.67%, up 2637.34%, down 7.23% comparing to the same period of last year.

2. Current year until 202208, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202208, HUNGARY-China binational exports and imports of goods amounted to 9240.0720 million and were up 4.66% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1179.3403 million and down 8.89%, imports from China to HUNGARY were 8060.7316 million and up 6.99%. The total binational trade deficit was 6881.3913 million and up 10.29%.

During the urrent year until 202208, commodities with hs2 code, 85, 84, 90, 87, 38, were binational trade's top five traded commodities. They correspond to import and export values of 4204.2280 million, 1663.4821 million, 376.8534 million, 283.2816 million, 277.7078 million and makes up 45.50%, 18.00%, 4.08%, 3.07%, 3.01% of the total binational imports and exports. These values were also up 0.38%, up 0.06%, up 3.98%, up 15.86%, up 83.59% comparing to the same period last year.

During the current year until 202208, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 310.0876 million, 251.2516 million, 82.7567 million, 66.2726 million, 57.3317 million. These values account for 26.29%, 21.30%, 7.02%, 5.62%, 4.86% of HUNGARY's total exports and were down 20.66%, down 11.70%, up 0.75%, down 9.02%, up 22.12% comparing to the same period of last year.

During the current year until 202208, 85, 84, 90, 38, 39 were HUNGARY's top five traded commodities importing from China , with import values of 3894.1404 million, 1412.2305 million, 294.0967 million, 262.4057 million, 244.6537 million. These values account for 48.31%, 17.52%, 3.65%, 3.26%, 3.04% of HUNGARY's total imports and were up 2.55%, up 2.48%, up 4.93%, up 86.25%, up 17.93% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat