Hungary

In 2013, the value of merchandise exports of Hungary increased slightly by 4.6 percent to reach 107.7 bln US$, while its merchandise imports increased slightly by 4.7 percent to reach 98.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small surplus of 9.1 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 9.0 bln US$ (see graph 4). Merchandise exports in Hungary were diversified amongst partners; imports were also diversified. The top 16 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Hungary increased substantially by 10.8 percent, reaching 22.6 bln US$, while its imports of services increased moderately by 7.4 percent and reached 17.2 bln US$ (see graph 2). There was a moderate trade in services surplus of 5.4 bln US$.

Related Subject(s): International Trade and Finance

Countries: Hungary