Hungary’s Economy: What Do They Import/Export?

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Hungary's Economic Overview

Hungary's exported goods and services amounted to a total of $145.3 billion. This positions the country as the:

  • 35th largest product export economy
  • 37th largest service export economy

Imports totaled to $129.9 billion, resulting in a positive trade balance of $26.4 billion.

Hungary's Top 5 Commodity Exports

The five most exported commodities by Hungary are:

  1. Refined Petroleum – $1.5 billion
  2. Petroleum Gas – $798 million
  3. Corn – $736 million
  4. Poultry Meat – $665 million
  5. Hot-Rolled Iron – $573 million

Other Notable Exports

  • Cars – $11 billion
  • Vehicle Parts – $7.2 billion
  • Spark-Ignition Engines – $3.9 billion
  • Packaged Medicaments – $3.8 billion
  • Video Displays – $2.7 billion

Hungary's GDP

Here are the most recent gross-domestic product (GDP) statistics for Hungary:

  • Total GDP: $158 billion
  • GDP Per-Capita: $16,162
  • GDP Growth (2008-2018): -0.16%

Overall, Hungary ranked 135th out of 196 countries in terms of GDP per-capita growth.

Hungary's Top 5 Commodity Imports

The top commodity imports are:

  1. Crude Petroleum – $3 billion
  2. Petroleum Gas – $2.1 billion
  3. Refined Petroleum – $2 billion
  4. Other Iron Products – $781 million
  5. Raw Aluminum – $750 million

Other Notable Imports

  • Vehicle Parts – $5.8 billion
  • Cars – $4.6 billion
  • Packaged Medicaments – $3.2 billion
  • Integrated Circuits – $3.1 billion
  • Office Machine Parts – $2.2 billion

More Information on Exports/Imports

Additional information on Hungary's exports and imports is useful to get an idea of where the country stands in global trade.

Export & Import Distribution by Product Categories

Based on data provided by the OEC, Hungary's largest export class is of machines, responsible for a total of $47.6 billion of their total export trades.

Other major export product categories include:

  • Transportation – $20.4 billion
  • Chemical Products – $11.3 billion
  • Plastics & Rubber – $7.82 billion
  • Metals – $6.4 billion

Export & Import Distribution by Destination Country & Origin

The top destination countries for Hungarian exports are:

  1. Germany – $32.6 billion
  2. Italy – $6.29 billion
  3. Romania – $6.18 billion
  4. Slovakia – $5.76 billion
  5. Austria – $5.42 billion

The top countries of origin for Hungarian imports are:

  1. Germany – $29.6 billion
  2. Poland – $6.8 billion
  3. China – $6.67 billion
  4. Austria – $6.24 billion
  5. Czechia – $5.98 billion

Sources & Further Reading

Our data was collected from:

  • OEC – Economic overview, GDP stats, trading countries
  • GlobalEdge – Individual commodity export-import data

In-Depth Commodity Resources

If you'd like to learn more about Hungary's top traded commodities, you can start with the following commodity pages:

  • Oil Trading – Hungary's most imported and exported commodity
  • Aluminium Trading – Hungary's #4 exported and #3 imported metal commodity
  • Copper Trading – The #5 most imported precious metal commodity in Hungary

Steel and Iron are also present in the top list of Hungary's traded commodities.

Neighbouring Economic Profiles & Debt Clocks

It can be useful to view countries' overall debt statistics to get an idea of their economic performance.

Here are the debt clocks for a few of Hungary's neighboring countries, as well as some of their top export/import partners:

All currency is reported in US dollars.

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