1.  Overview the trade of HUNGARY in goods current year until 202211

According to Dalian Infobank, in 202211, HUNGARY's exports and imports of goods amounted to 28489.6780 million, and were up 9.50% comparing with the same period of last year. Among these, exports were up 2.95% at 13221.6633 million, and imports were up 15.89% at 15268.0147 million. And the corresponding trade deficit was 2046.3514 million and up 516.64%.

During the current year until 202211, HUNGARY's total exports and imports of goods were 290034.7558 million and were up 10.97% comparing to the same period of last year. Among these, exports were 138993.4030 million and up 6.56%; imports were 151041.3527 million and up 15.37%. The total trade deficit was 12047.9497 million and up 2387.73%.

If considering by country (region), GERMANY, INTRA-EU, AUSTRIA, SLOVAKIA, CHINA were HUNGARY's top five trading partners. During the current year until 202211, HUNGARY's imports and exports to five countries/territories were 58346.2485 million, 20504.0100 million, 15662.4605 million, 15210.7344 million, 13301.7737 million. These values correspond to 20.12%, 7.07%, 5.40%, 5.24%, 4.59% of HUNGARY's imports and exports, and, respectively, were down 10.54%, 0, up 12.56%, up 7.61%, up 6.56% comparing to the same period of last year.

Current year until 202211, 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 202211, HUNGARY's exports to these five countries/territories were 31139.3458 million, 10813.0600 million, 6997.6260 million, 6795.5000 million, 6250.5349 million. These values correspond to 22.40%, 7.78%, 5.03%, 4.89%, 4.50% of HUNGARY's exports and, respectively, were down 11.90%, 0, down 8.35%, down 4.00%, down 8.35% comparing with the same period of last year.

Current year until 202211, HUNGARY's exports to top five countries/territories GERMANY, CHINA, RUSSIA, AUSTRIA, INTRA-EU are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202211, HUNGARY's imports from these five countries/territories were 27206.9027 million, 11700.1660 million, 10662.4669 million, 9812.6626 million, 9690.9500 million. These values correspond to 18.01%, 7.75%, 7.06%, 6.50%, 6.42% of HUNGARY's total imports and, respectively, were down 8.93%, up 9.50%, up 125.44%, up 25.24%, 0 comparing with the same period of last year.

During the current year until 202211, the trade surplus of HUNGARY was mainly from GERMANY, CROATIA, UNITED KINGDOM, ROMANIA, UNITED STATES at 3932.4431 million, 3089.8951 million, 2609.7972 million, 2366.9560 million, 2084.4303 million, and down 28.10%, up 149.45%, down 0.93%, down 27.30%, up 37.06%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, SLOVAKIA at 10098.5582 million, 9433.1622 million, 5009.7559 million, 3962.8647 million, 2709.6646 million, and up 13.63%, up 231.12%, up 22.85%, up 125.75%, up 447.28%.

Current year until 202211, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202211,  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 59114.6207 million, 36646.3010 million, 30772.1267 million, 28584.9479 million, 21689.1185 million, which were down 2.16%, down 3.23%, up 86.28%, down 6.05%, up 1307.63% comparing with the same period of last year and account for 20.38%, 12.64%, 10.61%, 9.86%, 7.48% of HUNGARY's total imports and exports.

During the current year until 202211, 85, 84, 87, 99, 27 were HUNGARY's top five traded commodities, with total import and export values of 31433.8190 million, 18399.7261 million, 16659.6293 million, 11741.6648 million, 7624.1384 million. These values correspond to 22.62%, 13.24%, 11.99%, 8.45%, 5.49% of HUNGARY's total exports and, respectively, were down 2.29%, down 2.40%, down 8.72%, up 1020.38%, up 58.28% comparing to the same period of last year.

During the current year until 202211, 85, 27, 84, 87, 99 were HUNGARY's top five traded commodities, with total import values of 27680.8017 million, 23147.9883 million, 18246.5749 million, 11925.3186 million, 9947.4537 million. These values correspond to 18.33%, 15.33%, 12.08%, 7.90%, 6.59% of HUNGARY's total exports and, respectively, were down 2.00%, up 97.81%, down 4.05%, down 2.04%, up 1918.51% comparing to the same period of last year.

2. Current year until 202211, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202211, HUNGARY-China binational exports and imports of goods amounted to 13301.7737 million and were up 6.56% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1601.6078 million and down 10.92%, imports from China to HUNGARY were 11700.1660 million and up 9.50%. The total binational trade deficit was 10098.5582 million and up 13.63%.

During the urrent year until 202211, 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 6153.4425 million, 2373.7992 million, 525.0451 million, 422.2731 million, 387.7592 million and makes up 46.26%, 17.85%, 3.95%, 3.17%, 2.92% of the total binational imports and exports. These values were also up 2.11%, up 1.82%, up 3.96%, up 21.08%, up 64.17% comparing to the same period last year.

During the current year until 202211, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 418.4896 million, 347.9170 million, 122.1593 million, 91.0298 million, 80.5124 million. These values account for 26.13%, 21.72%, 7.63%, 5.68%, 5.03% of HUNGARY's total exports and were down 23.34%, down 15.24%, up 11.52%, down 7.79%, up 26.94% comparing to the same period of last year.

During the current year until 202211, 85, 84, 90, 38, 87 were HUNGARY's top five traded commodities importing from China , with import values of 5734.9529 million, 2025.8822 million, 402.8858 million, 366.1939 million, 361.5402 million. These values account for 49.02%, 17.31%, 3.44%, 3.13%, 3.09% of HUNGARY's total imports and were up 4.65%, up 5.46%, up 1.86%, up 67.55%, up 26.42% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat