What does Hungary trade with Germany?
What does Hungary trade with Germany?
| Hungary exports to Germany | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $10.18B | 2020 |
| Vehicles other than railway, tramway | $7.46B | 2020 |
| Machinery, nuclear reactors, boilers | $5.89B | 2020 |
| Optical, photo, technical, medical apparatus | $1.34B | 2020 |
Who are Hungary’s main trade partners?
The European Union is by far the largest economic partner of Hungary, with Germany being the main trading partner both for imports and exports (27.7% of exports, 25.3% of imports). Slovakia is the second top destination for Hungarian goods (5.2%), followed by Italy, Romania and Austria.
What country is Germany’s largest trading partner?
Germany’s Top Trading Partners
- United States: US$118.8 billion (8.6% of Germany’s total exports)
- China: $109.8 billion (8%)
- France: $103.8 billion (7.5%)
- Netherlands: $89.1 billion (6.5%)
- United Kingdom: $76.4 billion (5.5%)
- Poland: $74 billion (5.4%)
- Italy: $69.1 billion (5%)
- Austria: $66.7 billion (4.8%)
What is Hungary’s biggest export?
Hungary’s main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Trade with EU countries now comprises over 79 percent. Germany is Hungary’s the most important trading partner.
Does Germany border with Hungary?
Germany–Hungary relations are the relations between Germany and Hungary, two member states of the European Union and the NATO. Both countries have a long shared history. On the evening of 10 September 1989, Magyar Televízió broadcast that the Government of Hungary had decided to open that border at midnight.
Was Hungary ever part of Germany?
During World War II Hungary came under German occupation in 1944, then under Soviet occupation until the end of the war. After World War II, the Second Hungarian Republic was established within Hungary’s current-day borders as a socialist People’s Republic, lasting from 1949–1989.
What can I import from Hungary?
The most recent imports of Hungary are led by Vehicle Parts ($6.22B), Cars ($4.52B), Integrated Circuits ($3.3B), Packaged Medicaments ($3.06B), and Broadcasting Equipment ($2.76B). The most common import partners for Hungary are Germany ($28.9B), China ($7.06B), Poland ($6.96B), Austria ($6.56B), and Czechia ($6.3B).
Who is Germany’s biggest export?
Searchable List of Germany’s Most Valuable Export Products
| Rank | Germany’s Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Cars | $122,200,241,000 |
| 2 | Medication mixes in dosage | $60,097,726,000 |
| 3 | Automobile parts/accessories | $54,205,949,000 |
| 4 | Blood fractions (including antisera) | $31,827,669,000 |
Is India richer than Hungary?
India has a GDP per capita of $7,200 as of 2017, while in Hungary, the GDP per capita is $29,600 as of 2017.
Which is Hungary’s most important foreign trade partner?
Germany is Hungary’s most important foreign trade partner, both as a customer and as a supplier. Germany is one of the countries with which Hungary has a trade balance surplus. German aid to Hungary between 1990 and 1995 totaled DM 5 billion, loans and aid reflected privileged treatment of Hungary in the region.
Which is country has a trade surplus with Hungary?
Germany is one of the countries with which Hungary has a trade balance surplus. German aid to Hungary between 1990 and 1995 totaled DM 5 billion, loans and aid reflected privileged treatment of Hungary in the region.
How much money did Germany give to Hungary?
German aid to Hungary between 1990 and 1995 totaled DM 5 billion, loans and aid reflected privileged treatment of Hungary in the region. Germany is also the leading foreign investor in Hungary: at the end of 2005, German companies accounted for some 28 per cent of all foreign direct investments in Hungary.
What kind of goods does Hungary import and export?
In the early 21st century, machinery and transport equipment were both Hungary’s leading import (comprising three-fifths of the total imports) and its leading export (comprising one-half of all exports).