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Hungary Trade Summary

2022

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 2022

Overall Exports and Imports for Hungary 2022

Exports and imports of Hungary in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 149,934 million.
  • The total value of imports (CIF) was 159,335 million.
  • At the HS6 digit level, 3,974 products were exported to 207 countries and 4,349 products were imported from 190 countries.

Hungary top 5 Export and Import partners 2022

Top five countries to which Hungary exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Hungary exports to Germany worth US$ 37,725 million, with a partner share of 25.16 percent.
  2. Hungary exports to Italy worth US$ 8,524 million, with a partner share of 5.69 percent.
  3. Hungary exports to Romania worth US$ 7,980 million, with a partner share of 5.32 percent.
  4. Hungary exports to Slovak Republic worth US$ 7,679 million, with a partner share of 5.12 percent.
  5. Hungary exports to Austria worth US$ 6,764 million, with a partner share of 4.51 percent.

Top five countries from which Hungary imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Hungary imports from Germany worth US$ 33,618 million, with a partner share of 21.10 percent.
  2. Hungary imports from Austria worth US$ 11,564 million, with a partner share of 7.26 percent.
  3. Hungary imports from China worth US$ 10,734 million, with a partner share of 6.74 percent.
  4. Hungary imports from Slovak Republic worth US$ 10,604 million, with a partner share of 6.66 percent.
  5. Hungary imports from Russian Federation worth US$ 9,643 million, with a partner share of 6.05 percent.

Hungary Top 5 Productsexports imports at HS 6 digit level 2022

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 7,065,047.14 (US$ Thousands).
  2. Hungary exported Automobiles nes including gas turbine powered , worth 4,038,163.65 (US$ Thousands).
  3. Hungary exported Electrical energy , worth 3,321,389.21 (US$ Thousands).
  4. Hungary exported Other medicaments of mixed or unmixed products, , worth 3,178,333.65 (US$ Thousands).
  5. Hungary exported Automobiles with reciprocating piston engine di , worth 3,087,016.40 (US$ Thousands).

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

  1. Hungary imported Natural gas in gaseous state , worth 9,567,683.56 (US$ Thousands).
  2. Hungary imported Electrical energy , worth 7,450,503.55 (US$ Thousands).
  3. Hungary imported Monolithic integrated circuits, digital , worth 3,844,014.80 (US$ Thousands).
  4. Hungary imported Petroleum oils and oils obtained from bituminou , worth 3,390,281.87 (US$ Thousands).
  5. Hungary imported Transmission apparatus, for radioteleph incorpo , worth 3,205,995.36 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Hungary in 2022 are below

  • The maximum rate of tariff in percentage on any product was 175.99 percent.
  • The simple average tariff across all products was 1.96 percent.
  • The trade weighted average tariff was 0.92 .
  • The total duty free imports in thousands of US dollars were 32,329,085.74 and duty free tariff line items share was 66.12 percent.

Development Indicators 2022

Key Development Indicators of Hungary in 2022 are below

  • Hungary GDP in current US dollar was 178,789 million.
  • GNI per capita, Atlas method (current US$) was 19,010.00 .
  • Hungary Trade balance: as % of GDP was -4.09.
  • Trade balance in current US$ was -7,318.00 million.
  • Trade as percentage of GDP was 184.85 .
  • Trade in services as percentage of GDP was 29.67 .

Trade Indicators 2022

Trade Indicators for Hungary in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 13.30.
  • World Growth in percentage was 5.18 and Hungary Country Growth was 3.00 .