1.  Overview the trade of HUNGARY in goods current year until 202210

According to Dalian Infobank, in 202210, HUNGARY's exports and imports of goods amounted to 25824.1189 million, and were up 5.58% comparing with the same period of last year. Among these, exports were up 2.27% at 12088.6338 million, and imports were up 8.67% at 13735.4851 million. And the corresponding trade deficit was 1646.8513 million and up 100.81%.

During the current year until 202210, HUNGARY's total exports and imports of goods were 261362.7099 million and were up 11.06% comparing to the same period of last year. Among these, exports were 125454.0514 million and up 6.69%; imports were 135908.6586 million and up 15.43%. The total trade deficit was 10454.6072 million and up 6758.09%.

If considering by country (region), GERMANY, INTRA-EU, AUSTRIA, SLOVAKIA, CHINA were HUNGARY's top five trading partners. During the current year until 202210, HUNGARY's imports and exports to five countries/territories were 52768.7521 million, 18865.9200 million, 14256.4244 million, 13786.8299 million, 11827.2482 million. These values correspond to 20.19%, 7.22%, 5.45%, 5.27%, 4.53% of HUNGARY's imports and exports, and, respectively, were down 10.49%, 0, up 15.04%, up 10.71%, up 4.66% comparing to the same period of last year.

Current year until 202210, 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 202210, HUNGARY's exports to these five countries/territories were 28130.0293 million, 9924.2600 million, 6391.3984 million, 6116.1207 million, 5631.9112 million. These values correspond to 22.42%, 7.91%, 5.09%, 4.88%, 4.49% of HUNGARY's exports and, respectively, were down 11.89%, 0, down 7.04%, down 4.04%, down 7.77% comparing with the same period of last year.

Current year until 202210, HUNGARY's exports to top five countries/territories GERMANY, CHINA, RUSSIA, INTRA-EU, AUSTRIA are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202210, HUNGARY's imports from these five countries/territories were 24638.7228 million, 10380.2750 million, 9227.4116 million, 8941.6600 million, 8934.3307 million. These values correspond to 18.13%, 7.64%, 6.79%, 6.58%, 6.57% of HUNGARY's total imports and, respectively, were down 8.84%, up 7.43%, up 115.68%, 0, up 28.95% comparing with the same period of last year.

During the current year until 202210, the trade surplus of HUNGARY was mainly from GERMANY, CROATIA, UNITED KINGDOM, ROMANIA, UNITED STATES at 3491.3064 million, 2690.5405 million, 2342.3255 million, 2116.9845 million, 1993.2250 million, and down 28.72%, up 140.32%, down 0.94%, down 28.63%, up 45.74%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, SLOVAKIA at 8933.3018 million, 8159.3932 million, 4371.1331 million, 3612.2370 million, 2523.0074 million, and up 11.33%, up 217.91%, up 16.25%, up 146.71%, up 946.95%.

Current year until 202210, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202210,  commodities with hs2 codes, 85, 84, 27, 87, 99, were HUNGARY's top five traded commodities. They correspond to the import and export values of 53080.8697 million, 32833.4792 million, 27532.5465 million, 25631.2573 million, 19931.9049 million, which were down 2.42%, down 4.65%, up 93.34%, down 7.08%, up 1346.72% comparing with the same period of last year and account for 20.31%, 12.56%, 10.53%, 9.81%, 7.63% of HUNGARY's total imports and exports.

During the current year until 202210, 85, 84, 87, 99, 27 were HUNGARY's top five traded commodities, with total import and export values of 28369.0320 million, 16594.3703 million, 14947.5249 million, 10755.1061 million, 6855.9005 million. These values correspond to 22.61%, 13.23%, 11.91%, 8.57%, 5.46% of HUNGARY's total exports and, respectively, were down 1.87%, down 3.22%, down 9.53%, up 1052.64%, up 64.15% comparing to the same period of last year.

During the current year until 202210, 85, 27, 84, 87, 99 were HUNGARY's top five traded commodities, with total import values of 24711.8377 million, 20676.6459 million, 16239.1088 million, 10683.7324 million, 9176.7988 million. These values correspond to 18.18%, 15.21%, 11.95%, 7.86%, 6.75% of HUNGARY's total exports and, respectively, were down 3.04%, up 105.46%, down 6.07%, down 3.43%, up 1963.86% comparing to the same period of last year.

2. Current year until 202210, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202210, HUNGARY-China binational exports and imports of goods amounted to 11827.2482 million and were up 4.66% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1446.9732 million and down 11.69%, imports from China to HUNGARY were 10380.2750 million and up 7.43%. The total binational trade deficit was 8933.3018 million and up 11.33%.

During the urrent year until 202210, 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 5384.1867 million, 2136.9516 million, 471.4445 million, 374.5008 million, 352.7261 million and makes up 45.52%, 18.07%, 3.99%, 3.17%, 2.98% of the total binational imports and exports. These values were also down 0.67%, up 0.54%, up 1.86%, up 18.25%, up 75.12% comparing to the same period last year.

During the current year until 202210, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 377.3228 million, 316.6216 million, 104.8682 million, 82.4407 million, 70.5939 million. These values account for 26.08%, 21.88%, 7.25%, 5.70%, 4.88% of HUNGARY's total exports and were down 24.72%, down 14.89%, up 3.42%, down 5.37%, up 22.78% comparing to the same period of last year.

During the current year until 202210, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 5006.8639 million, 1820.3300 million, 366.5763 million, 332.6120 million, 318.1454 million. These values account for 48.23%, 17.54%, 3.53%, 3.20%, 3.06% of HUNGARY's total imports and were up 1.78%, up 3.81%, up 1.43%, up 79.06%, up 22.91% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat