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Hungary

Hungary ranked No. 55 in total trade value through August with a total of $4.56 billion. Exports totaled $1.26 billion and Imports totaled $3.3 billion, a deficit of $2.03 billion.

January – August 2019

Top Trading Ports

Total Trade: $4.56 billion

RankPortTotal YTD
1Port of Newark $380,673,887
2Port of Virginia $331,938,544
3Chicago O’Hare International Airport $288,025,526
4Port of Charleston $287,065,807
5Port of Houston $280,969,761
6Port of New Orleans $230,747,587
7Hartsfield-Jackson Atlanta International Airport $216,595,137
8Dallas-Fort Worth International Airport, Texas $204,011,590
9Port of Savannah, Ga. $201,299,547
10John F. Kennedy International Airport $160,881,176

U.S. trade with Hungary rose to $4.56 billion through August

Hungary’s trade with the United States rose to $4.56 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.04 percent above its total trade during the same time period last year. U.S. exports to Hungary increased 8.92 percent while U.S. imports from Hungary fell 2.99 percent. The U.S. deficit with Hungary was $2.03 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Virginia; No. 3 Chicago O’Hare International Airport; No. 4 Port of Charleston; and No. 5 Port of Houston. During the same period the previous year, the top five 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. In the current time period, the top five accounted for 34.38 percent of Hungary’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 30.11 percent to $380.67 million.
    Exports rose 69.71 percent to $23.04 million. Imports rose 28.18 percent to $357.64 million.
  • Trade with No. 2 Port of Virginia fell 2.55 percent to $331.94 million.
    Exports fell 11.9 percent to $56.11 million. Imports fell 0.4 percent to $275.83 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 0.5 percent to $288.03 million.
    Exports rose 6.74 percent to $79.22 million. Imports fell 1.68 percent to $208.8 million.
  • Trade with No. 4 Port of Charleston fell 7.09 percent to $287.07 million.
    Exports fell 9.3 percent to $23.13 million. Imports fell 6.89 percent to $263.94 million.
  • Trade with No. 5 Port of Houston rose 31.37 percent to $280.97 million.
    Exports fell 17.18 percent to $50.36 million. Imports rose 50.66 percent to $230.61 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. 55.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Hungary by value through August were the categories of Aircraft engines, engine parts; Cell phones, related equipment; Civilian aircraft, parts; Motor vehicle parts; and Computers, respectively. They accounted for 37.62 percent of total exports to Hungary.

The value of the top five categories of U.S. imports from Hungary –– Motor vehicles for transporting people; Aircraft engines, engine parts; Computers; Taps, cocks and valves for pipes, tanks; and Value added to a returned import –– accounted for 29.14 percent of all inbound shipments.

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

  • Aircraft engines, engine parts rose 7.23 percent compared to last year to $186.43 million.
  • Cell phones, related equipment rose 229.45 percent compared to last year to $101.39 million.
  • Civilian aircraft, parts fell 13.03 percent compared to last year to $71.6 million.
  • Motor vehicle parts rose 13.38 percent compared to last year to $68.9 million.
  • Computers rose 10.18 percent compared to last year to $47.57 million.

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

  • Motor vehicles for transporting people fell 32.57 percent compared to last year to $449.06 million.
  • Aircraft engines, engine parts rose 51.16 percent compared to last year to $146.82 million.
  • Computers fell 35.42 percent compared to last year to $137.93 million.
  • Taps, cocks and valves for pipes, tanks fell 1.9 percent compared to last year to $122.43 million.
  • Value added to a returned import fell 15.43 percent compared to last year to $104.7 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.