1.  Overview the trade of HUNGARY in goods current year until 202212

According to Dalian Infobank, in 202212, HUNGARY's exports and imports of goods amounted to 23683.6506 million, and were up 1.25% comparing with the same period of last year. Among these, exports were up 3.10% at 11746.9066 million, and imports were down 0.50% at 11936.7441 million. And the corresponding trade deficit was 189.8375 million and down 68.51%.

During the current year until 202212, HUNGARY's total exports and imports of goods were 314500.6290 million and were up 10.45% comparing to the same period of last year. Among these, exports were 151212.1223 million and up 6.61%; imports were 163288.5067 million and up 14.25%. The total trade deficit was 12076.3844 million and up 1010.75%.

If considering by country (region), GERMANY, INTRA-EU, AUSTRIA, SLOVAKIA, POLAND were HUNGARY's top five trading partners. During the current year until 202212, HUNGARY's imports and exports to five countries/territories were 64916.7489 million, 17683.6300 million, 17178.6656 million, 16856.2820 million, 14357.1529 million. These values correspond to 20.64%, 5.62%, 5.46%, 5.36%, 4.57% of HUNGARY's imports and exports, and, respectively, were down 7.79%, 0, up 12.42%, up 7.61%, up 2.04% comparing to the same period of last year.

Current year until 202212, 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 202212, HUNGARY's exports to these five countries/territories were 34650.6548 million, 9212.4300 million, 7708.6703 million, 7527.0653 million, 7004.6693 million. These values correspond to 22.92%, 6.09%, 5.10%, 4.98%, 4.63% of HUNGARY's exports and, respectively, were down 9.02%, 0, down 6.57%, down 2.43%, down 5.65% comparing with the same period of last year.

Current year until 202212, HUNGARY's exports to top five countries/territories GERMANY, CHINA, RUSSIA, AUSTRIA, SLOVAKIA are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202212, HUNGARY's imports from these five countries/territories were 30266.0941 million, 12479.1169 million, 11245.1219 million, 10743.7664 million, 9851.6126 million. These values correspond to 18.54%, 7.64%, 6.89%, 6.58%, 6.03% of HUNGARY's total imports and, respectively, were down 6.35%, up 7.11%, up 122.33%, up 25.11%, up 19.56% comparing with the same period of last year.

During the current year until 202212, the trade surplus of HUNGARY was mainly from GERMANY, CROATIA, UNITED KINGDOM, ROMANIA, UNITED STATES at 4384.5607 million, 3333.7782 million, 2906.5839 million, 2627.7780 million, 2415.4937 million, and down 23.98%, up 155.52%, up 2.26%, down 25.34%, up 40.91%. And the trade deficits were mainly from CHINA, RUSSIA, SOUTH KOREA, AUSTRIA, SLOVAKIA at 10729.8290 million, 9888.4171 million, 5636.3256 million, 4308.8672 million, 2846.9433 million, and up 10.84%, up 226.16%, up 27.96%, up 127.43%, up 249.05%.

Current year until 202212, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202212,  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 65275.6984 million, 40490.0850 million, 33106.4804 million, 31897.8377 million, 19001.3041 million, which were down 0.35%, down 1.93%, up 74.65%, down 2.47%, up 1018.33% comparing with the same period of last year and account for 20.76%, 12.87%, 10.53%, 10.14%, 6.04% of HUNGARY's total imports and exports.

During the current year until 202212, 85, 84, 87, 99, 27 were HUNGARY's top five traded commodities, with total import and export values of 35029.9141 million, 20402.0690 million, 18577.8365 million, 10248.0057 million, 8287.9052 million. These values correspond to 23.17%, 13.49%, 12.29%, 6.78%, 5.48% of HUNGARY's total exports and, respectively, were up 0.54%, down 1.15%, down 5.43%, up 780.91%, up 51.27% comparing to the same period of last year.

During the current year until 202212, 85, 27, 84, 87, 99 were HUNGARY's top five traded commodities, with total import values of 30245.7843 million, 24818.5752 million, 20088.0160 million, 13320.0012 million, 8753.2984 million. These values correspond to 18.52%, 15.20%, 12.30%, 8.16%, 5.36% of HUNGARY's total exports and, respectively, were down 1.36%, up 84.16%, down 2.71%, up 1.99%, up 1533.90% comparing to the same period of last year.

2. Current year until 202212, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202212, HUNGARY-China binational exports and imports of goods amounted to 14228.4048 million and were up 4.46% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1749.2879 million and down 11.22%, imports from China to HUNGARY were 12479.1169 million and up 7.11%. The total binational trade deficit was 10729.8290 million and up 10.84%.

During the urrent year until 202212, 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 6587.9674 million, 2535.2363 million, 567.8088 million, 454.0940 million, 411.3873 million and makes up 46.30%, 17.82%, 3.99%, 3.19%, 2.89% of the total binational imports and exports. These values were also up 0.00%, down 0.10%, up 3.78%, up 19.05%, up 55.16% comparing to the same period last year.

During the current year until 202212, 85, 84, 90, 30, 96 were the top five traded commodities exported to China from HUNGARY, with export values of 461.0675 million, 384.4804 million, 138.0937 million, 95.9438 million, 88.2118 million. These values account for 26.36%, 21.98%, 7.89%, 5.48%, 5.04% of HUNGARY's total exports and were down 23.29%, down 13.70%, up 15.75%, down 7.82%, up 25.02% comparing to the same period of last year.

During the current year until 202212, 85, 84, 90, 87, 38 were HUNGARY's top five traded commodities importing from China , with import values of 6126.8999 million, 2150.7559 million, 429.7150 million, 389.6030 million, 388.4120 million. These values account for 49.10%, 17.23%, 3.44%, 3.12%, 3.11% of HUNGARY's total imports and were up 2.34%, up 2.80%, up 0.44%, up 24.79%, up 58.43% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat