Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Hungary | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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The value of merchandise exports from Hungary totalled $ 158 billion in 2023. Merchandise exports from Hungary increased by 5.42% compared to 2022. Goods exports grew up by $ 8.14 billion in 2023 (the value of merchandise exports from Hungary amounted to $149 billion in 2022)

Hungary's exports 2023 by country

Top export destinations of commodities from Hungary in 2023:

  • Germany with a share of 26% (41 billion US$)
  • Italy with a share of 5.76% (9.11 billion US$)
  • Romania with a share of 5.29% (8.36 billion US$)
  • Slovak Republic with a share of 4.99% (7.9 billion US$)
  • Poland with a share of 4.56% (7.22 billion US$)
  • Czech Republic with a share of 4.49% (7.1 billion US$)
  • France with a share of 4.18% (6.61 billion US$)
  • Austria with a share of 4% (6.33 billion US$)
  • USA with a share of 3.75% (5.93 billion US$)
  • United Kingdom with a share of 3.54% (5.6 billion US$)

Exports structure from Hungary in 2023 represented by the following main commodity groups:

  • 25% (40 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 17.4% (27 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 14.4% (22 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.35% (8.46 billion US$): 30 - Pharmaceutical products
  • 3.42% (5.42 billion US$): 39 - Plastics and articles thereof
  • 3.14% (4.96 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 2.7% (4.27 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.03% (3.22 billion US$): 40 - Rubber and articles thereof
  • 1.28% (2.03 billion US$): 73 - Articles of iron or steel
  • 1.22% (1.93 billion US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings

What did Hungary export in 2023?

Hungary's Top Exports in 2023:

  • 9.86% ($15.5 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 7.14% ($11.2 billion): 8507 - Electric accumulators, including separators therefor, whether or not rectangular (including square)
  • 6.12% ($9.67 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 3% ($4.74 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 2.93% ($4.64 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.86% ($4.53 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.36% ($3.73 billion): 8407 - Spark-ignition reciprocating or rotary internal combustion piston engines
  • 1.89% ($2.99 billion): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
  • 1.69% ($2.68 billion): 8537 - Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus of heading 85.35 or 85.36, for electric control or the distribution of electricity, including those incorporating instruments or apparatus of Chapter 90, and numerical control apparatus, other than switching apparatus of heading 85.17
  • 1.58% ($2.5 billion): 8528 - Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus

The value of merchandise imports to Hungary totalled $ 148 billion in 2023. Overall commodity imports to Hungary decreased by 6.55% compared to 2022. Merchandise imports decreased by $ 10.4 billion (the value of merchandise imports to Hungary was equal to $159 billion in 2022)

Hungary's imports 2023 by country

Top trading partners (import sources) of Hungary in 2023:

  • Germany with a share of 22% (33 billion US$)
  • China with a share of 6.57% (9.78 billion US$)
  • Austria with a share of 6.07% (9.03 billion US$)
  • Poland with a share of 5.82% (8.67 billion US$)
  • Slovak Republic with a share of 5.41% (8.06 billion US$)
  • Korea with a share of 5.4% (8.05 billion US$)
  • Czech Republic with a share of 5.38% (8.01 billion US$)
  • Netherlands with a share of 5.03% (7.5 billion US$)
  • Russia with a share of 4.15% (6.18 billion US$)
  • Italy with a share of 4.05% (6.03 billion US$)

Imports structure to Hungary in 2023 represented by the following main commodity groups:

  • 20% (31 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 14.1% (20 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 10% (14.9 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 9.62% (14.3 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.45% (6.63 billion US$): 39 - Plastics and articles thereof
  • 4.09% (6.1 billion US$): 30 - Pharmaceutical products
  • 3.6% (5.37 billion US$): 38 - Miscellaneous chemical products
  • 2.35% (3.5 billion US$): 73 - Articles of iron or steel
  • 2.21% (3.29 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.07% (3.09 billion US$): 72 - Iron and steel

What did Hungary import in 2023?

Hungary's Top Imports in 2023:

  • 5.27% ($7.85 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 3.39% ($5.06 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 3.18% ($4.74 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 2.95% ($4.39 billion): 8542 - Electronic integrated circuits and microassemblies
  • 2.7% ($4.02 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 2.52% ($3.76 billion): 3824 - Prepared binders for foundry moulds or cores; chemical products and preparations of the chemical or allied industries (including those consisting of mixtures of natural products), not elsewhere specified or included
  • 2.38% ($3.54 billion): 2716 - Electrical energy. (optional heading)
  • 2.02% ($3.01 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 1.89% ($2.82 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.77% ($2.63 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils

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Hungary | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023