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Hungary

Hungary ranked No. 58 in total trade value through February with a total of $1.04 billion. Exports totaled $281.7 million and Imports totaled $759.23 million, a deficit of $477.53 million.

January – February 2019

Top Trading Ports

Total Trade: $1.04 billion

RankPortTotal YTD
1Port of Virginia $91,703,046
2Chicago O’Hare International Airport $76,646,104
3Port of Newark $72,829,262
4Hartsfield-Jackson Atlanta International Airport $70,305,749
5Port of Charleston $59,481,937
6Port of New Orleans $55,392,768
7Port of Baltimore, Md. $45,378,655
8Port of Savannah, Ga. $41,700,139
9Port of Houston $38,691,517
10John F. Kennedy International Airport $38,052,867

U.S. trade with Hungary rose to $1.04 billion through February

Hungary’s trade with the United States rose to $1.04 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.79 percent above its total trade during the same time period last year. Hungary’s exports increased 8.16 percent while imports fell 1.7 percent. The U.S. deficit with Hungary was $477.53 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Chicago O’Hare International Airport; No. 3 Port of Newark; No. 4 Hartsfield-Jackson Atlanta International Airport; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Port of Virginia No. 2 Port of Charleston No. 3 Port of Newark No. 4 Chicago O’Hare International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 35.64 percent of Hungary’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia rose 14.6 percent to $91.7 million.
    Exports fell 42.16 percent to $11.93 million. Imports rose 34.32 percent to $79.77 million.
  • Trade with No. 2 Chicago O’Hare International Airport rose 9.04 percent to $76.65 million.
    Exports fell 3.94 percent to $17.73 million. Imports rose 13.66 percent to $58.92 million.
  • Trade with No. 3 Port of Newark rose 3.22 percent to $72.83 million.
    Exports rose 45.82 percent to $7.28 million. Imports fell 0.02 percent to $65.55 million.
  • Trade with No. 4 Hartsfield-Jackson Atlanta International Airport rose 45.22 percent to $70.31 million.
    Exports fell 18.29 percent to $15.62 million. Imports rose 86.65 percent to $54.69 million.
  • Trade with No. 5 Port of Charleston fell 23.26 percent to $59.48 million.
    Exports fell 20.78 percent to $6.24 million. Imports fell 23.54 percent to $53.24 million.

Hungary ranked No. 58 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 56.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Hungary by value through February were the categories of Aircraft engines, engine parts; Motor vehicle parts; Civilian aircraft, parts; Cell phones, related equipment; and Plasma, vaccines, blood, respectively. They accounted for 32.17 percent of total exports to Hungary.

The value of the top five categories of U.S. imports from Hungary –– Motor vehicles for transporting people; Computers; Value added to a returned import; Taps, cocks and valves for pipes, tanks; and Navigational equipment –– accounted for 32.59 percent of all inbound shipments.

Looking more closely at U.S. exports to Hungary:

  • Aircraft engines, engine parts fell 17.93 percent compared to last year to $25.48 million.
  • Motor vehicle parts rose 35.6 percent compared to last year to $20.6 million.
  • Civilian aircraft, parts rose 38.02 percent compared to last year to $17.08 million.
  • Cell phones, related equipment rose 115.18 percent compared to last year to $16.41 million.
  • Plasma, vaccines, blood rose 329.69 percent compared to last year to $11.06 million.

Looking more closely at U.S. imports from Hungary:

  • Motor vehicles for transporting people fell 4.25 percent compared to last year to $131.77 million.
  • Computers fell 35.33 percent compared to last year to $35.24 million.
  • Value added to a returned import rose 26.08 percent compared to last year to $28.14 million.
  • Taps, cocks and valves for pipes, tanks fell 8.58 percent compared to last year to $28.1 million.
  • Navigational equipment rose 22.42 percent compared to last year to $24.21 million.

In the latest annual figures available, Hungary recorded $6.98 billion in trade with the United States. At year’s end, its were Atlanta/Savannah; Charleston; New York City; New Orleans; and Chicago. Total U.S. exports to Hungary were $ 1.89 billion and imports from Hungary were $5.09 billion. The U.S. deficit with Hungary was $3.2 billion.