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Hungary

Hungary ranked No. 55 in total trade value through October with a total of $5.61 billion. Exports totaled $1.43 billion and Imports totaled $4.18 billion, a deficit of $2.76 billion.

January – October 2018

Top Trading Ports

Total Trade: $5.61 billion

RankPortTotal YTD
1Port of Virginia $422,156,950
2Port of New Orleans $396,209,691
3Port of Charleston $385,796,915
4Port of Newark $363,722,209
5Chicago O’Hare International Airport $349,685,974
6Hartsfield-Jackson Atlanta International Airport $275,504,646
7Port of Houston $247,984,492
8Port of Los Angeles $218,847,523
9Port of Savannah, Ga. $218,724,864
10John F. Kennedy International Airport $204,329,955

U.S. trade with Hungary rose to $5.61 billion through October

Hungary’s trade with the United States rose to $5.61 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.66 percent below its total trade during the same time period last year. Hungary’s exports decreased 10.93 percent while imports rose 0.52 percent. The U.S. deficit with Hungary was $2.76 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Port of New Orleans; No. 3 Port of Charleston; No. 4 Port of Newark; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Charleston No. 2 Hartsfield-Jackson Atlanta International Airport No. 3 Port of Newark No. 4 Port of New Orleans and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 34.18 percent of Hungary’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia rose 49.14 percent to $422.16 million.
    Exports rose 3.51 percent to $74.29 million. Imports rose 64.64 percent to $347.87 million.
  • Trade with No. 2 Port of New Orleans rose 17.68 percent to $396.21 million.
    Exports rose 37.51 percent to $70.59 million. Imports rose 14.12 percent to $325.62 million.
  • Trade with No. 3 Port of Charleston fell 23.32 percent to $385.8 million.
    Exports rose 11.01 percent to $31.74 million. Imports fell 25.39 percent to $354.06 million.
  • Trade with No. 4 Port of Newark fell 12.08 percent to $363.72 million.
    Exports fell 70.12 percent to $15.55 million. Imports fell 3.73 percent to $348.17 million.
  • Trade with No. 5 Chicago O’Hare International Airport rose 8.81 percent to $349.69 million.
    Exports rose 5.09 percent to $91.14 million. Imports rose 10.19 percent to $258.55 million.

Hungary ranked No. 55 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 54.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Hungary by value through October were the categories of Aircraft engines, engine parts; Civilian aircraft, parts; Motor vehicle parts; Computers; and Low value shipments, respectively. They accounted for 32.47 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 Motor vehicle parts –– accounted for 35.03 percent of all inbound shipments.

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

  • Aircraft engines, engine parts fell 55.83 percent compared to last year to $191.3 million.
  • Civilian aircraft, parts rose 17.33 percent compared to last year to $96.12 million.
  • Motor vehicle parts fell 6.78 percent compared to last year to $76.7 million.
  • Computers fell 2.17 percent compared to last year to $51.81 million.
  • Low value shipments fell 13.37 percent compared to last year to $47.53 million.

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

  • Motor vehicles for transporting people fell 21.11 percent compared to last year to $744.45 million.
  • Computers fell 3.16 percent compared to last year to $266.17 million.
  • Value added to a returned import rose 44.23 percent compared to last year to $173.31 million.
  • Taps, cocks and valves for pipes, tanks rose 57.33 percent compared to last year to $156.95 million.
  • Motor vehicle parts rose 1.31 percent compared to last year to $124.69 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.