IMPORT EXPORT
Hungary import Statistics

Hungary Import Data

Hungary's overall land area is roughly 93,030 km^2, and it is situated 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. Hungary has had unusual growth in IFS, hardware research, and the mobile business. The nation is ranked 14th in the world according to the complexity index. On the other hand, the nation ranked 54th in terms of GDP. Finding accurate and reliable import data is crucial for businesses involved in international trade or seeking new opportunities in foreign markets. Hungary, as a thriving European nation, offers immense potential for importers. As per the Hungary trade statistics, Hungary is the 33rd biggest importer in the world.

According to Hungary's import data, Hungary imported goods worth $156 billion in 2023. Hungary's imports of goods declined by 7% in comparison to the previous year. Based on Hungary shipment data for 2023, electrical machinery and equipment is the biggest import commodity of Hungary, while Germany is its biggest import partner. Hungary’s total GDP is $212.39 billion, with a GDP import share of 76.09%. Hungary is a part of major trading blocs such as the EU and WTO. To tap into this potential effectively, it is essential to have access to Hungary import data with a focus on Hungary’s statistical data for 2023. 

Hungary Import Data | Hungary Statistical Data

33

The country has been ranked 33rd in global imports, showing a significant position in the international trade landscape and import market.

0.5%

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

GERMANY

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

ELECTRICAL MACHINERY AND EQUIPMENT

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

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import

Top 10 imports of Hungary: Hungary Import Data by HS Code

Hungary, with its robust economy, engages in various imports to meet the needs of its population and support its industries. The top 10 imports of Hungary encompass a diverse range of goods, including machinery, vehicles, electrical equipment, pharmaceutical products, and plastics. Hungary’s Top 10 imports in 2023 according to the Hungary import data and Hungary trade data are:

  • Electrical machinery and equipment (HS code 85): 20.89% ($31.10 billion)
  • Nuclear reactors and machinery (HS code 84): 14.1% ($20.99 billion)
  • Vehicles (HS code 87): 10.01% ($14.90 billion)
  • Mineral fuels and oils (HS code 27): 9.63% ($14.33 billion)
  • Plastics and articles thereof (HS code 39): 4.46% ($6.63 billion)
  • Pharmaceutical products (HS code 30): 4.1% ($6.10 billion)
  • Miscellaneous products (HS code 38): 3.61% ($5.37 billion)
  • Articles of iron or steel (HS code 73): 2.35% ($3.50 billion)
  • Optical, medical, or surgical instruments (HS code 90): 2.21% ($3.29 billion)
  • Iron and steel (HS code 72): 2.08% ($3.09 billion)
    • Partners

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

    Furthermore, Hungary has established strategic trade partnerships with several nations, ensuring a steady supply of imported goods. The top 10 import partners of Hungary facilitate the smooth flow of goods and enable Hungary to access a wide range of high-quality products from around the world. The top 10 import partners of Hungary in 2023 based on the Hungary shipment data and Hungary statistical data include:

    Value In Percentage(%)

  • Germany: 22.6% (33.65 billion US$)
  • China: 6.6% (9.78 billion US$)
  • Austria: 6.1% (9.03 billion US$)
  • Poland: 5.8% (8.67 billion US$)
  • Slovakia: 5.4% (8.06 billion US$)
  • South Korea: 5.4% (8.05 billion US$)
  • Czech Republic: 5.4% (8.01 billion US$)
  • Netherlands: 5% (7.50 billion US$)
  • Russia: 4.2% (6.18 billion US$)
  • Italy: 4.1% (6.03 billion US$)
    • Sample Data

    Understanding Hungary Statistical Data for Imports

    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.

    When we talk about Hungary's import data, we refer to the statistical information compiled by government authorities and trade organizations regarding the goods brought into the country from overseas. This data provides an in-depth overview of the import market, including details such as product descriptions, customs value, quantity, origin country, and more. According to Hungary statistical data reports, Hungary imported goods worth a total of $156 billion in 2023. The information we give you on Hungary's import and shipment data is very helpful and informative. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks. We obtain trustworthy data from establishments, shipping businesses, and ports approved by Hungary. Hungary trade data contains several fields.  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 to 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 Import Data
    ID 33445 MONTH Jul-24
    FLOW Import STAT REGIME Normal
    HS CODE 01012100 PRODUCT DESCRIPTION Pure-bred breeding horses
    IMPORTER COUNTRY Hungary ORIGIN COUNTRY Poland
    TRADE TYPE Intra-EU Trade SUP QUANTITY 10
    SUPP UNIT NUMBER OF ITEMS NET WEIGHT 4773
    US CIF 152 VALUE IN EUROS 140
    Benefits

    Benefits of Hungary Import Data

  • Obtain client leads from the Hungarian market.
  • Find out what the Hungary market is demanding.
  • Get exclusive Hungary import trends. 
  • A data-driven approach to increase your revenue.
  • Get exclusive shipment details for Hungary's imports of goods.
  • Use our excellent quality import data reports.
  • Achieve future corporate objectives.

    • Frequently Asked Questions!!

    According to Hungary trade statistics, Hungary imported goods worth a total of $156 billion in 2023.

    Based on Hungary trade records for 2023, the main products that Hungary imports include electrical machinery and equipment, nuclear reactors, and vehicles. 

    As per Hungary trade activities, Germany is the top import partner for Hungary, followed by China, Austria, and Poland.

    Hungary's import data has fallen in recent years, with a decline of 7% in 2023 from the previous year.

    As a small, open economy, Hungary relies heavily on imports to meet its domestic demand. High import levels can contribute to economic growth but also make the country vulnerable to external shocks and changes in global trade.

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