Hungary export Statistics

Hungary Export Data

Hungary has a total land area of about 93,030 km^2, and it is located in Central Europe. Being a landlocked nation, it is encircled by several nations, including Austria, Croatia, Romania, Slovakia, and Ukraine. Globally, Hungary is the leader in goods exports. It is among the top nations that attract foreign direct investment. In terms of land area, Hungary is the seventeenth largest nation in Europe. Hungary is at 110th position in the world by area. Understanding a country's trade activities is crucial for businesses, policymakers, and researchers alike. Hungary, a landlocked country in Central Europe, is an export-oriented economy with a diverse range of industries. Ederle Pester Lie. 

Hungary's goods exports reached a value of $161 billion in 2023, based on Hungary export data. Hungary's goods exports increased by 5% in comparison to the previous year. Based on Hungary shipment data for 2023, electrical machinery and equipment is the biggest export commodity of Hungary, while Germany is its biggest export partner. Hungary’s total GDP is $212.39 billion, with a GDP export share of 81.2%. Hungary is a part of trading blocs such as the EU and WTO. Let us gain an insightful overview of Hungary's export data, focusing on Hungary statistical data with the latest trends and developments in 2023. 

 Hungary Export Data | Hungary Trade Data

35

The country is ranked 35th in global exports, showing a significant position in the international trade and export landscape. 

0.5%

With a mere 0.5% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise. 

GERMANY

Germany holds a significant role as the largest export partner of the country in terms of goods exports and export share.

ELECTRICAL MACHINERY AND EQUIPMENT

Electrical machinery and equipment are the major and biggest export commodities of the country, playing a vital role in its economy.

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Top 10 Exports of Hungary: Hungary Export Data by HS Code

Hungary, a dynamic country in the heart of Europe, boasts a thriving export sector that plays a pivotal role in its economy. Delving into the top 10 exports of Hungary, we find that the automotive industry takes the top spot, with vehicles and vehicle parts contributing significantly to the nation's export revenue. Hungary’s top 10 exports in 2023 as per Hungary export data and Hungary trade data are:

  • Electrical machinery and equipment (HS code 85): 25.75% ($40.69 billion)
  • Vehicles (HS code 87): 17.42% ($27.53 billion)
  • Nuclear reactors and machinery (HS code 84): 14.47% ($22.87 billion)
  • Pharmaceutical products (HS code 30): 5.35% ($8.46 billion)
  • Plastics and articles thereof (HS code 39): 3.43% ($5.42 billion)
  • Mineral fuels and oils (HS code 27): 3.14% ($4.96 billion)
  • Optical, medical, or surgical instruments (HS code 90): 2.71% ($4.27 billion)
  • Rubber and articles thereof (HS code 40): 2.04% ($3.22 billion)
  • Articles of iron or steel (HS code 73): 1.29% ($2.03 billion)
  • Furniture, bedding, and mattresses (HS code 94): 1.23% ($1.93 billion)
  • Partners

    Top 10 Export Partners of Hungary: Hungary Export Data by Country

    Switching gears to Hungary's top 10 export partners, Germany emerges as the dominant player, accounting for a substantial share of Hungary's exports. These export partners serve as vital channels for Hungary's products, facilitating trade and fostering economic growth. The top 10 export partners of Hungary in 2023 according to Hungary shipment data and Hungary trade records include:

    Value In Percentage(%)

  • Germany: 26.1% (41.32 billion US$)
  • Italy: 5.8% (9.11 billion US$)
  • Romania: 5.3% (8.36 billion US$)
  • Slovakia: 5% (7.90 billion US$)
  • Poland: 4.6% (7.22 billion US$)
  • Czech Republic: 4.5% (7.10 billion US$)
  • France: 4.2% (6.61 billion US$)
  • Austria: 4% (6.33 billion US$)
  • USA: 3.8% (5.93 billion US$)
  • United Kingdom: 3.5% (5.60 billion US$) 
  • Sample Data

    The Significance of Hungary Statistical Data for Exports

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Hungary has consistently maintained a strong export sector, which plays a pivotal role in driving economic growth and creating employment opportunities. The country has a diverse export portfolio that includes machinery, vehicles, electronics, pharmaceuticals, chemical products, and agricultural goods. Hungary has emerged as a significant player in the global export market. Leveraging its strategic geographic location and skilled workforce, the country has witnessed a steady rise in export activities in recent years. To unlock the full potential of the Hungarian export market, it is crucial to analyze and interpret the export data. According to Hungary's statistical data on the export of goods, Hungary's goods exports reached a value of $161 billion in 2023. You can find a range of fields in Hungary's export and trade data, including the total value of the various fields that are included in Hungary shipment data and trade data. For dealers and marketers, this statistical export data is crucial as it helps them make informed judgments. We obtain trustworthy data from organizations, shipping businesses, government authorities, and customs ports. For traders and marketers, this statistical trade data is crucial information that helps them make informed decisions. Everything can be obtained through this shipment data from the HS codes and product descriptions, the quantity and cost of each product. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details. So, as you can see, in this statistical report, we also include the number of goods needed to be imported/exported, HS codes, the product description, quantity, and price of each product from the country's shipment data. In this comprehensive statistical database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. 

    Hungary Export Data
    ID 22431 MONTH Jul-24
    FLOW Export STAT REGIME Normal
    HS CODE 01012100 PRODUCT DESCRIPTION Pure-bred breeding horses
    EXPORTER COUNTRY Hungary DESTINATION COUNTRY Switzerland
    TRADE TYPE Extra-EU Trade SUP QUANTITY 2
    SUPP UNIT NUMBER OF ITEMS NET WEIGHT 1000
    US FOB 11495 VALUE IN EUROS 10602
    Benefits

    Benefits of Hungary Export Data

  • Create opportunities from the export market in Hungary.
  • Determine the demand for the product in Hungary.
  • Acquire the Hungary export trend.
  • Create a potent, data-driven marketing plan.
  • Contact real Hungarian suppliers.
  • Find high-return possibilities.
  • Frequently Asked Questions!!

    According to Hungary trade statistics, Hungary's goods exports had a total value of $161 billion in 2023.

    According to Hungary trade records, Hungary's main export products include machinery and equipment, vehicles, pharmaceuticals, electronics, and plastics.

    Based on Hungary trade activities for 2023, Germany, Italy, and Romania are the top trading partners of Hungary, accounting for a significant portion of its exports.

    Hungary's export data has been steadily increasing in the past few years, with a growth of 5% in 2023 from the previous year.

    As per Hungary shipment data, the growth in Hungary's exports can be attributed to its strong manufacturing sector, favorable trade agreements, and increasing competitiveness in the global market.  

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