Hungary is the 35th largest export economy in the world and the 15th most complex economy .
Hungary exported $107B, making it the 35th largest exporter in the world. Hungary imported $97.1B, making it the 33rd largest importer in the world.
Imports in Hungary decreased to 2728000 HUF Million in June from 2831983.60 HUF Million in May of 2019. Imports in Hungary averaged 1039881.46 HUF Million from 1988 until 2019, reaching an all time high of 2990399.88 HUF Million in October of 2018 and a record low of 27000 HUF Million in February of 1988.
Imports in Hungary is expected to be 2820000.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Hungary to stand at 2860000.00 in 12 months time. In the long-term, the Hungary Imports is projected to trend around 2670000.00 HUF Million in 2020,
Hungary’s major imports are machinery and equipment, other manufactures and fuels and electricity. Hungary imports 76% of products from other European Union countries. Main import partners are also Russia and China.
Exports in Hungary decreased to 2905000 HUF Million in June from 3055515.87 HUF Million in May of 2019. Exports in Hungary averaged 1071470.01 HUF Million from 1988 until 2019, reaching an all time high of 3079187.55 HUF Million in June of 2018 and a record low of 26300 HUF Million in January of 1989.
Exports in Hungary is expected to be 2890000.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Hungary to stand at 3260000.00 in 12 months time. In the long-term, the Hungary Exports is projected to trend around 2780000.00 HUF Million in 2020.
Hungary’s main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Trade with EU countries now comprises over 79 percent. Germany is Hungary’s the most important trading partner.
