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Hungary Trade Profile '21

Page 1

Trade Profiles

2021 Trade in commercial services

Transport

Travel Other commercial services

Industrial property

Merchandise trade Agricultural products Nonagricultural products


Hungary

Hungary

GDP (million current US$, 2020) GDP per capita (US$, 2018-2020) Current account balance (% GDP, 2020) Trade per capita (US$, 2018-2020) Trade (% GDP, 2018-2020)

154 562 16 317 -0.2 13 114 80.4

Rank in world trade, 2020 Merchandise excluding intra-EU trade Commercial services excluding intra-EU trade

Exports

34 38 -

Imports

33 41 -

MERCHANDISE TRADE Value

Million US$ Merchandise exports, f.o.b. Merchandise imports, c.i.f.

Annual percentage change

2020 120 311 115 353 2020 0.68

Share in world total exports (%)

2010-2020 2 3

2019 -1 0

2020 -3 -4 2020 0.65

Share in world total imports (%)

Breakdown in economy's total exports

Breakdown in economy's total imports

By main commodity group, % (2019)

By main commodity group, % (2019)

Agricultural products: 8.6

Fuels and mining products: 4.7

Agricultural products: 6.9

Fuels and mining products: 11

Manufactures: 86

Other: 0.6

Manufactures: 82.1

Other: 0

By main destination, % (2020)

By main origin, % (2020)

European Union: 77.4 United States of America: 3 China: 1.7

United Kingdom: 3.1 Ukraine: 1.9 Other: 13

European Union: 70.9 Korea, Republic of: 3.5 United States of America: 2.1

China: 7.7 Russian Federation: 2.2 Other: 13.6

Agricultural Products Value

Top exported products (Million US$) HS1005 HS2309 HS1001 HS1512 HS0207

2020 . 1 026 796 621 480 459

Maize (corn) Preparations of a kind used in animal feeding Wheat and meslin Sunflower-seed,or cotton oil Meat and edible offal of poultry

Value

Top imported products (Million US$) HS2309 HS2106 HS0203 HS1905 HS1806

2020

Preparations of a kind used in animal feeding Other food preparations Swine meat, fresh, chilled, frozen Bread, pastry, other bakers' wares Chocolate and other cocoa food

365 359 333 312 305

Share in economy's trade in agricultural products Exports 0%

5%

Imports 10%

0%

HS1005

HS2309

HS2309

HS2106

HS1001

HS0203

HS1512

HS1905

HS0207

HS1806

2%

4%

6%

Million US$ Exports Imports

Value

2020 10 937 7 299

Annual percentage change

2010-2020 4 5

2019 2 2

2020 4 3

Non-Agricultural Products Value

Top exported products (Million US$) HS8703 HS8708 HS8471 HS3004 HS8525

2020

Motor cars for transport of persons Parts for motor vehicles 8701-8075 Automatic data-processing machines Medicaments in measured doses Radio-telephony transmission tools

11 333 6 620 3 665 3 616 3 558

Value

Top imported products (Million US$) HS8708 HS8703 HS8542 HS8525 HS3004

2020

Parts for motor vehicles 8701-8075 Motor cars for transport of persons Electronic integrated circuits Radio-telephony transmission tools Medicaments in measured doses

5 640 3 266 3 189 2 909 2 865

Share in economy's trade in non-agricultural products Exports 0%

166

10%

Imports 20%

0%

HS8703

HS8708

HS8708

HS8703

HS8471

HS8542

HS3004

HS8525

HS8525

HS3004

2%

4%

6%

Million US$ Exports Imports

Value

2020 108 083 104 638

Annual percentage change

2010-2020 3 3

2019 -2 -1

2020 -3 -4

World Trade Organization – Trade Profiles 2021


Hungary TRADE IN COMMERCIAL SERVICES Value

Million US$ Commercial services exports Commercial services imports

Annual percentage change

2020

2010-2020

22 238 17 614 2020 0.45

Share in world total exports (%) Breakdown in economy's total exports

2019

2020

1 4

-26 -18

1 1

2020 0.38

Share in world total imports (%) Breakdown in economy's total imports

By main services item, % (2020)

By main services item, % (2020)

Transport: 23.1 Other commercial services: 51.2

Travel: 15.5 Goods-related services: 10.2

Transport: 25 Other commercial services: 64.6

By main destination, % (2020) a

Travel: 6.5 Goods-related services: 4

By main origin, % (2020) a

European Union: 64.9 United Kingdom: 8.4 Japan: 1.4

United States of America: 8.8 Switzerland: 4.8 Other: 11.7

European Union: 71.5 United Kingdom: 6.5 China: 1.5

Value

FATS sales Inward (million US$) Outward (million US$)

United States of America: 8.2 Switzerland: 2.6 Other: 9.8

Annual percentage change

2018 28 863 2 400

2010-2018 1 0

2017 13 18

2018 9 -4

Transport Hungary

200

World

100 0

2010

2013

2016

Value

Million US$ Exports Imports

2020

Transport exports (Index 2010=100)

2020 5 136 4 400

Exports By sea (2020) By air (2020) By other (2020)

2010-2020 3 3

Value

Share (%)

104 1 213 3 696

2.0 23.6 72.0

Annual percentage change 2019 1 1

Imports By sea (2020) By air (2020) By other (2020)

2020 -31 -15

Value

Share (%)

245 940 3 056

5.6 21.4 69.5

Travel Hungary

200

World

Value

Million US$ Exports Imports

100 0

2010

2013

2016

2020 3 448 1 141

2010-2020 -5 -7

Annual percentage change 2019 6 4

2020 -53 -58

2020

Travel exports (Index 2010=100)

Other Commercial Services and Goods-related Services Million US$

Exports of OCS by main item (2020)

11.1 24.2

53.7

2020

2010-2020

Other commercial services Exports 11 378 Imports 11 376

Other business services ICTs

11.0

Value

Intellectual property Other

3 2

2020

Goods-related services Exports Imports

Annual percentage change

2010-2020

2 276 697

6 7

2019

2020

0 5

-9 -10

2019

2020

-8 -2

-16 -20

INDUSTRIAL PROPERTY Patent applications, 2019 Residents

427

Non-residents

23

Trademark applications, 2019 Total

450

Residents

3 555

Non-residents

1 729

Industrial design applications, 2019 Total

5 284

Residents

128

Non-residents

38

Total

166

a Total services instead of commercial services.

World Trade Organization – Trade Profiles 2021

167


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