Loading..

Hungary Trade Summary

2023

Hungary exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2023

Overall Exports and Imports for Hungary 2023

Exports and imports of Hungary in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 158,563 million.
  • The total value of imports (CIF) was 149,541 million.
  • At the HS6 digit level, 3,958 products were exported to 204 countries and 4,345 products were imported from 192 countries.

Hungary top 5 Export and Import partners 2023

Top five countries to which Hungary exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Hungary exports to Germany worth US$ 41,667 million, with a partner share of 26.28 percent.
  2. Hungary exports to Italy worth US$ 9,151 million, with a partner share of 5.77 percent.
  3. Hungary exports to Romania worth US$ 8,418 million, with a partner share of 5.31 percent.
  4. Hungary exports to Slovak Republic worth US$ 7,901 million, with a partner share of 4.98 percent.
  5. Hungary exports to Poland worth US$ 7,271 million, with a partner share of 4.59 percent.

Top five countries from which Hungary imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Hungary imports from Germany worth US$ 33,625 million, with a partner share of 22.49 percent.
  2. Hungary imports from China worth US$ 9,789 million, with a partner share of 6.55 percent.
  3. Hungary imports from Austria worth US$ 9,372 million, with a partner share of 6.27 percent.
  4. Hungary imports from Poland worth US$ 8,652 million, with a partner share of 5.79 percent.
  5. Hungary imports from Slovak Republic worth US$ 8,210 million, with a partner share of 5.49 percent.

Hungary Top 5 Productsexports imports at HS 6 digit level 2023

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 10,348,840.58 (US$ Thousands).
  2. Hungary exported Automobiles nes including gas turbine powered , worth 6,038,538.77 (US$ Thousands).
  3. Hungary exported Engines, spark-ignition reciprocating displacin , worth 3,716,474.97 (US$ Thousands).
  4. Hungary exported Other medicaments of mixed or unmixed products, , worth 3,694,101.38 (US$ Thousands).
  5. Hungary exported Transmission apparatus, for radioteleph incorpo , worth 3,676,295.88 (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 4,486,323.22 (US$ Thousands).
  2. Hungary imported Monolithic integrated circuits, digital , worth 4,370,143.52 (US$ Thousands).
  3. Hungary imported Electrical energy , worth 4,074,936.30 (US$ Thousands).
  4. Hungary imported Chemical products and residual products of chem , worth 3,956,177.26 (US$ Thousands).
  5. Hungary imported Transmission apparatus, for radioteleph incorpo , worth 3,933,316.38 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Hungary in 2023 are below

  • The maximum rate of tariff in percentage on any product was 188.46 percent.
  • The simple average tariff across all products was 2.14 percent.
  • The trade weighted average tariff was 1.01 .
  • The total duty free imports in thousands of US dollars were 27,860,881.26 and duty free tariff line items share was 62.83 percent.

Development Indicators 2023

Key Development Indicators of Hungary in 2023 are below

  • Hungary GDP in current US dollar was 214,023 million.
  • GNI per capita, Atlas method (current US$) was 19,860.00 .
  • Hungary Trade balance: as % of GDP was 4.56.
  • Trade balance in current US$ was 9,767.00 million.
  • Trade as percentage of GDP was 157.11 .
  • Trade in services as percentage of GDP was 29.97 .

Trade Indicators 2023

Trade Indicators for Hungary in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 13.48.
  • World Growth in percentage was -3.13 and Hungary Country Growth was 4.17 .