Trade Trend

In 2023, Hungary's total export value is 160.71Billion USD, total import value is 155.82Billion USD, Surplus is 4.88Billion USD, and foreign trade dependency is 1.490. In 2023，Hungary's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(12.86Billion USD), Electric accumulators, including separators therefor; whether or not rectangular (including square)(11.22Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(9.71Billion USD), top export destinations are Germany(41.83Billion USD), Italy(9.09Billion USD), Romania(8.73Billion USD). In 2023, Hungary's top import products are Motor vehicles; parts and accessories, of heading no. 8701 to 8705(8.39Billion USD), Petroleum gases and other gaseous hydrocarbons(5.09Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(5.07Billion USD), top import origins are Germany(34.49Billion USD), China(11.99Billion USD), Austria(9.31Billion USD).

Comparing to 2022, Hungary's total export value increased 9.03Billion USD(5.96%) in 2023, this could result from its export increases of products such as Electric accumulators, including separators therefor; whether or not rectangular (including square)(4.08Billion USD or 57.06%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(3.19Billion USD or 33.00%), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(2.14Billion USD or 28.18%) and export increases to countries/economics such as Germany(4.33Billion USD or 11.55%), Czech Republic(984.52Million USD or 15.55%), Poland(845.51Million USD or 13.04%). Comparing to 2022, Hungary's total import value decreased -9.31Billion USD(-5.64%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-6.93Billion USD or -57.69%), Electrical energy(-3.90Billion USD or -52.40%), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(-883.60Million USD or -90.40%), and its import decreases from countries/economies such as Russia(-5.15Billion USD or -45.25%), Austria(-2.60Billion USD or -21.85%), Slovakia(-2.43Billion USD or -22.70%).

Cumulated to first 7 months of 2024, Hungary's total export value is 55.37Billion USD, total import value is 51.07Billion USD, and tradesurplus is 4.30Billion USD. Cumulated to first 7 months of 2024, Hungary's top export products are Commodities not specified according to kind(10.38Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(3.66Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(2.72Billion USD), and top export destinations are None(10.37Billion USD), Germany(10.28Billion USD), United States(2.50Billion USD). Cumulated to first 7 months of 2024, Hungary's top import products are Commodities not specified according to kind(10.38Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(3.66Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(2.72Billion USD), and top import origins areNone(8.99Billion USD), Germany(8.32Billion USD), China(4.48Billion USD).