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Hungary Trade Summary

2021

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 2021

Overall Exports and Imports for Hungary 2021

Exports and imports of Hungary in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 141,157 million.
  • The total value of imports (CIF) was 139,132 million.
  • At the HS6 digit level, 3,999 products were exported to 205 countries and 4,383 products were imported from 186 countries.

Hungary top 5 Export and Import partners 2021

Top five countries to which Hungary exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Hungary exports to Germany worth US$ 37,603 million, with a partner share of 26.64 percent.
  2. Hungary exports to Italy worth US$ 8,243 million, with a partner share of 5.84 percent.
  3. Hungary exports to Romania worth US$ 7,454 million, with a partner share of 5.28 percent.
  4. Hungary exports to Slovak Republic worth US$ 7,313 million, with a partner share of 5.18 percent.
  5. Hungary exports to Austria worth US$ 6,404 million, with a partner share of 4.54 percent.

Top five countries from which Hungary imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Hungary imports from Germany worth US$ 33,019 million, with a partner share of 23.73 percent.
  2. Hungary imports from China worth US$ 9,825 million, with a partner share of 7.06 percent.
  3. Hungary imports from Austria worth US$ 8,486 million, with a partner share of 6.10 percent.
  4. Hungary imports from Slovak Republic worth US$ 8,157 million, with a partner share of 5.86 percent.
  5. Hungary imports from Poland worth US$ 7,942 million, with a partner share of 5.71 percent.

Hungary Top 5 Productsexports imports at HS 6 digit level 2021

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

  1. Hungary exported Electric accumulators, nes , worth 4,172,858.36 (US$ Thousands).
  2. Hungary exported Television receivers including video monitors a , worth 3,903,086.68 (US$ Thousands).
  3. Hungary exported Automobiles with reciprocating piston engine di , worth 3,725,746.57 (US$ Thousands).
  4. Hungary exported Transmission apparatus, for radioteleph incorpo , worth 3,159,472.87 (US$ Thousands).
  5. Hungary exported Other medicaments of mixed or unmixed products, , worth 3,110,359.58 (US$ Thousands).

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

  1. Hungary imported Electrical energy , worth 3,616,678.15 (US$ Thousands).
  2. Hungary imported Monolithic integrated circuits, digital , worth 3,473,372.57 (US$ Thousands).
  3. Hungary imported Natural gas in gaseous state , worth 3,241,535.71 (US$ Thousands).
  4. Hungary imported Transmission apparatus, for radioteleph incorpo , worth 3,138,064.07 (US$ Thousands).
  5. Hungary imported Petroleum oils and oils obtained from bituminou , worth 2,883,102.74 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Hungary in 2021 are below

  • The maximum rate of tariff in percentage on any product was 193.43 percent.
  • The simple average tariff across all products was 2.11 percent.
  • The trade weighted average tariff was 0.95 .
  • The total duty free imports in thousands of US dollars were 26,948,988.77 and duty free tariff line items share was 61.47 percent.

Development Indicators 2021

Key Development Indicators of Hungary in 2021 are below

  • Hungary GDP in current US dollar was 182,275 million.
  • GNI per capita, Atlas method (current US$) was 17,780.00 .
  • Hungary Trade balance: as % of GDP was 0.31.
  • Trade balance in current US$ was 559.00 million.
  • Trade as percentage of GDP was 160.20 .
  • Trade in services as percentage of GDP was 26.31 .

Trade Indicators 2021

Trade Indicators for Hungary in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 13.70.
  • World Growth in percentage was 12.50 and Hungary Country Growth was 8.01 .