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Hungary

Hungary ranked No. 58 in total trade value through March with a total of $1.66 billion. Exports totaled $474.14 million and Imports totaled $1.19 billion, a deficit of $712.69 million.

January – March 2019

Top Trading Ports

Total Trade: $1.66 billion

RankPortTotal YTD
1Port of Virginia $143,004,153
2Port of Newark $128,868,098
3Chicago O’Hare International Airport $113,784,256
4Hartsfield-Jackson Atlanta International Airport $102,923,600
5Port of Charleston $91,923,069
6Port of New Orleans $87,913,351
7Port of Savannah, Ga. $68,864,107
8Port of Baltimore, Md. $68,618,500
9Dallas-Fort Worth International Airport, Texas $65,599,950
10Port of Houston $59,495,059

U.S. trade with Hungary rose to $1.66 billion through March

Hungary’s trade with the United States rose to $1.66 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.85 percent above its total trade during the same time period last year. Hungary’s exports increased 12.67 percent while imports fell 3.2 percent. The U.S. deficit with Hungary was $712.69 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Port of Newark; No. 3 Chicago O’Hare International Airport; 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 Charleston No. 2 Port of Virginia 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 34.95 percent of Hungary’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia rose 24.57 percent to $143 million.
    Exports fell 10.13 percent to $25.96 million. Imports rose 36.24 percent to $117.04 million.
  • Trade with No. 2 Port of Newark rose 17.23 percent to $128.87 million.
    Exports rose 22.76 percent to $9.53 million. Imports rose 16.81 percent to $119.34 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 3.58 percent to $113.78 million.
    Exports rose 2.27 percent to $30.84 million. Imports rose 4.07 percent to $82.95 million.
  • Trade with No. 4 Hartsfield-Jackson Atlanta International Airport rose 33.56 percent to $102.92 million.
    Exports fell 14.94 percent to $26.23 million. Imports rose 65.91 percent to $76.69 million.
  • Trade with No. 5 Port of Charleston fell 25.44 percent to $91.92 million.
    Exports fell 10.87 percent to $8.55 million. Imports fell 26.67 percent to $83.38 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 $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Hungary by value through March were the categories of Aircraft engines, engine parts; Cell phones, related equipment; Motor vehicle parts; Civilian aircraft, parts; and Computers, respectively. They accounted for 33.83 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 32.54 percent of all inbound shipments.

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

  • Aircraft engines, engine parts rose 11.42 percent compared to last year to $57.68 million.
  • Cell phones, related equipment rose 147.84 percent compared to last year to $29.65 million.
  • Motor vehicle parts rose 22.47 percent compared to last year to $29.15 million.
  • Civilian aircraft, parts rose 26.99 percent compared to last year to $25.86 million.
  • Computers rose 6.66 percent compared to last year to $18.08 million.

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

  • Motor vehicles for transporting people fell 17.58 percent compared to last year to $192.86 million.
  • Aircraft engines, engine parts rose 27.87 percent compared to last year to $62.12 million.
  • Computers fell 36.31 percent compared to last year to $49.05 million.
  • Taps, cocks and valves for pipes, tanks fell 0.61 percent compared to last year to $42.75 million.
  • Value added to a returned import rose 29.31 percent compared to last year to $39.47 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.