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Hungary Trade Summary

2019

Hungary exports, imports, tariff by year.
Hungary monthly trade data
Hungary quarterly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR HUNGARY 2019

Overall Exports and Imports for Hungary 2019

Exports and imports of Hungary in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 122,181 million.
  • The total value of imports (CIF) was 117,324 million.
  • At the HS6 digit level, 4,007 products were exported to 208 countries and 4,380 products were imported from 186 countries.

Hungary top 5 Export and Import partners 2019

Top five countries to which Hungary exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Hungary exports to Germany worth US$ 33,828 million, with a partner share of 27.69 percent.
  2. Hungary exports to Slovak Republic worth US$ 6,406 million, with a partner share of 5.24 percent.
  3. Hungary exports to Italy worth US$ 6,272 million, with a partner share of 5.13 percent.
  4. Hungary exports to Romania worth US$ 6,174 million, with a partner share of 5.05 percent.
  5. Hungary exports to Austria worth US$ 5,643 million, with a partner share of 4.62 percent.

Top five countries from which Hungary imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Hungary imports from Germany worth US$ 29,633 million, with a partner share of 25.26 percent.
  2. Hungary imports from Austria worth US$ 7,209 million, with a partner share of 6.14 percent.
  3. Hungary imports from China worth US$ 7,158 million, with a partner share of 6.10 percent.
  4. Hungary imports from Poland worth US$ 6,765 million, with a partner share of 5.77 percent.
  5. Hungary imports from Netherlands worth US$ 5,965 million, with a partner share of 5.08 percent.

Hungary Top 5 Productsexports imports at HS 6 digit level 2019

The top five exported HS 6 digit level products to world by Hungary along with trade value are:

  1. Hungary exported Automobiles with reciprocating piston engine di , worth US$ 4,190,098.26 million.
  2. Hungary exported Automobiles with reciprocating piston engine di , worth US$ 4,172,553.12 million.
  3. Hungary exported Engines, spark-ignition reciprocating displacin , worth US$ 3,323,222.44 million.
  4. Hungary exported Transmission apparatus, for radioteleph incorpo , worth US$ 3,049,174.19 million.
  5. Hungary exported Automobiles with diesel engine displacing more , worth US$ 2,854,552.30 million.

The top five imported HS 6 digit level products from world by Hungary along with trade value are

  1. Hungary imported Monolithic integrated circuits, digital , worth US$ 3,429,901.30 million.
  2. Hungary imported Petroleum oils and oils obtained from bituminou , worth US$ 2,880,184.06 million.
  3. Hungary imported Transmission apparatus, for radioteleph incorpo , worth US$ 2,495,269.47 million.
  4. Hungary imported Natural gas in gaseous state , worth US$ 2,310,326.07 million.
  5. Hungary imported Parts and accessories of automatic data process , worth US$ 2,157,735.43 million.

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Hungary in 2019 are below

  • The maximum rate of tariff in percentage on any product was 237.64 percent.
  • The simple average tariff across all products was 2.38 percent.
  • The trade weighted average tariff was 1.07 .
  • The total duty free imports in thousands of US dollars were 20,211,467.16 and duty free tariff line items share was 54.23 percent.

Development Indicators 2019

Key Development Indicators of Hungary in 2019 are below

  • Hungary GDP in current US dollar was 163,504 million.
  • GNI per capita, Atlas method (current US$) was 16,530.00 .
  • Hungary Trade balance: as % of GDP was 2.81.
  • Trade balance in current US$ was 4,594.00 million.
  • Trade as percentage of GDP was 161.76 .
  • Trade in services as percentage of GDP was 32.20 .

Trade Indicators 2019

Trade Indicators for Hungary in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 12.55.
  • World Growth in percentage was -1.13 and Hungary Country Growth was -0.87 .