IMPORT EXPORT
Hungary import

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. According to Hungary's import data, Hungary imported goods worth a total of $158 billion in 2022. Hungary's imports of goods rose by 13.8% in comparison to 2021. In 2022, imports of goods increased by $19.2 billion. 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. To tap into this potential effectively, it is essential to have access to Hungary's import data.

Hungary Import Data | Hungary Customs Data

32

The country has been ranked 32nd in global imports, showing a significant position in the international trade landscape and import market.

0.58%

With a mere 0.58% 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.

PETROLEUM GASES AND OTHER HYDROCARBONS

Petroleum gases and other gaseous hydrocarbons are the biggest import commodities of the country, playing a vital role in its economy.

import

Top 10 imports of Hungary

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 2022 according to its import data are:

  • Petroleum gases and other gaseous hydrocarbons: 6.21% ($9.85 billion)
  • Electrical energy: 4.79% ($7.59 billion)
  • Parts and accessories of the motor vehicles: 4.19% ($6.65 billion)
  • Electrical apparatus: 3.01% ($4.77 billion)
  • Iron and steel: 2.61% (4.13 billion US$)
  • Electronic integrated circuits: 2.37% ($3.76 billion)
  • Motor cars and other motor vehicles: 2.13% ($3.38 billion)
  • Petroleum oils and oils obtained from bituminous minerals, crude: 1.99% ($3.15 billion)
  • Automatic data processing machines: 1.76% ($2.79 billion)
  • Medicaments: 1.69% ($2.67 billion)
    • Partners

    Top 10 Import Partners of Hungary

    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 2022 include:

    Value In Percentage(%)

  • Germany: 21% (33 billion US$)
  • Austria: 7.18% (11.3 billion US$)
  • China: 6.77% (10.7 billion US$)
  • Slovak Republic: 6.66% (10.5 billion US$)
  • Russia: 6.08% (9.64 billion US$)
  • Poland: 5.59% (8.85 billion US$)
  • Netherlands: 4.81% (7.63 billion US$)
  • Czech Republic: 4.75% (7.52 billion US$)
  • Italy: 4.08% (6.47 billion US$)
  • Korea: 3.85% (6.1 billion US$)
    • Sample Data

    Understanding Hungary Import Data

    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.

    So, as you can see in this statistical report, we also include the number of goods needed to be imported/exported, HS codes, the description of each HS code, and the 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. 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’s customs data reports, Hungary imported goods worth a total of $158 billion in 2022 with an increase of 13.8% from the previous year. 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, such as HS codes and product descriptions that include the quantity, price, and units of each shipment of goods.

    Benefits

    Benefits of Hungary’s Import Data

  • Obtain client leads from the Hungarian market.
  • Find out what the Hungary market is demanding.
  •  Track and surpass your competitors.
  • A data-driven approach can increase your revenue.
  • Track down sincere purchasers in the Hungary market.
  • Using reports of excellent quality.
  • Achieve future corporate objectives.

    • Frequently Asked Questions!!

    According to Hungary's import data, Hungary imported goods worth a total of $158 billion in 2022.

    The main products that Hungary imports include machinery and equipment, chemicals, fuels, and food products.

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

    Hungary's import data has been steadily increasing in recent years, with a growth rate of 7.4% in 2019 and 0.2% in 2020.

    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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