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Hungary Trade Summary

2020

Hungary exports, imports, tariff by year.

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 2020

Overall Exports and Imports for Hungary 2020

Exports and imports of Hungary in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 119,971 million.
  • The total value of imports (CIF) was 113,423 million.
  • At the HS6 digit level, 4,015 products were exported to 206 countries and 4,374 products were imported from 189 countries.

Hungary top 5 Export and Import partners 2020

Top five countries to which Hungary exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Hungary exports to Germany worth US$ 33,478 million, with a partner share of 27.91 percent.
  2. Hungary exports to Slovak Republic worth US$ 6,442 million, with a partner share of 5.37 percent.
  3. Hungary exports to Italy worth US$ 6,300 million, with a partner share of 5.25 percent.
  4. Hungary exports to Romania worth US$ 6,242 million, with a partner share of 5.20 percent.
  5. Hungary exports to Austria worth US$ 5,209 million, with a partner share of 4.34 percent.

Top five countries from which Hungary imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Hungary imports from Germany worth US$ 27,893 million, with a partner share of 24.59 percent.
  2. Hungary imports from China worth US$ 9,017 million, with a partner share of 7.95 percent.
  3. Hungary imports from Poland worth US$ 6,596 million, with a partner share of 5.82 percent.
  4. Hungary imports from Austria worth US$ 6,588 million, with a partner share of 5.81 percent.
  5. Hungary imports from Czech Republic worth US$ 5,735 million, with a partner share of 5.06 percent.

Hungary Top 5 Productsexports imports at HS 6 digit level 2020

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 3,915,768.86 (US$ Thousands).
  2. Hungary exported Television receivers including video monitors a , worth 3,389,331.16 (US$ Thousands).
  3. Hungary exported Automobiles with reciprocating piston engine di , worth 3,174,733.89 (US$ Thousands).
  4. Hungary exported Transmission apparatus, for radioteleph incorpo , worth 2,891,142.97 (US$ Thousands).
  5. Hungary exported Engines, spark-ignition reciprocating displacin , worth 2,848,276.57 (US$ Thousands).

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 3,053,391.67 (US$ Thousands).
  2. Hungary imported Transmission apparatus, for radioteleph incorpo , worth 2,669,645.22 (US$ Thousands).
  3. Hungary imported Human and animal blood; microbial cultures; tox , worth 2,631,203.25 (US$ Thousands).
  4. Hungary imported Parts and accessories of automatic data process , worth 2,318,196.61 (US$ Thousands).
  5. Hungary imported Other medicaments of mixed or unmixed products, , worth 2,130,635.21 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Hungary in 2020 are below

  • The maximum rate of tariff in percentage on any product was 74.90 percent.
  • The simple average tariff across all products was 2.08 percent.
  • The trade weighted average tariff was 1.02 .
  • The total duty free imports in thousands of US dollars were 20,733,350.80 and duty free tariff line items share was 57.72 percent.

Development Indicators 2020

Key Development Indicators of Hungary in 2020 are below

  • Hungary GDP in current US dollar was 157,227 million.
  • GNI per capita, Atlas method (current US$) was 16,040.00 .
  • Hungary Trade balance: as % of GDP was 1.93.
  • Trade balance in current US$ was 3,032.00 million.
  • Trade as percentage of GDP was 155.48 .
  • Trade in services as percentage of GDP was 25.95 .

Trade Indicators 2020

Trade Indicators for Hungary in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 13.29.
  • World Growth in percentage was -3.77 and Hungary Country Growth was -1.28 .