Trade Relations Between Hungary and Pakistan
Hungary was Pakistan's 101st largest export destination in 2018, while Hungary ranked 24th as an export destination within the EU. Pakistan imports goods from Hungary, with Hungary ranking 67th in Pakistan's import sources. The bilateral trade between Pakistan and Hungary has remained relatively stable from 2014 to 2018, with slight fluctuations in exports and imports.
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HUNGARY WAS PAKISTANS 101ST LARGEST EXPORT DESTINATION IN 2018 RANK COUNTRY EXPORT VALUE (US$) % SHARE IN TOTAL EXPORTS World United States of America China United Kingdom Afghanistan Germany United Arab Emirates Netherlands Spain Bangladesh Hungary 23,630,893,000 3,802,500,000 1,818,069,000 1,728,637,000 1,347,934,000 1,310,444,000 983,575,000 942,802,000 922,898,000 783,825,000 11,626,000 1 2 3 4 5 6 7 8 9 101 16% 8% 7% 6% 6% 4% 4% 4% 3% 0.05% 2
HUNGARY WAS THE 24TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 Denmark, 2% Portugal, 2% United Kingdom, 22% Other, 8% Poland, 3% France, 6% The EU is Pakistan s largest export market representing 34% of exports Belgium, 8% Hungary accounted for 0.1% of total EU exports from Pakistan in 2018. Germany, 16% Italy, 10% Netherlands, 12% Spain, 11% 3
HUNGARY RANKS NO. 67 IN PAKISTANS IMPORT SOURCES RANK COUNTRY World China United Arab Emirates IMPORT VALUE (US$) 60,162,862,000 14,544,687,000 8,668,637,000 3,242,349,000 2,946,715,000 2,502,372,000 2,386,183,000 2,273,024,000 1,928,465,000 1,430,727,000 % SHARE IN TOTAL IMPORTS 1 2 24% 14% 3 4 5 6 7 8 9 67 Saudi Arabia United States of America Indonesia Qatar Japan India Thailand Hungary 5% 5% 4% 4% 4% 3% 2% 32,253,000 0.05% 4
WITHIN THE EU, HUNGARY WAS THE 16TH HIGHEST EXPORTER TO PAKISTAN IN 2018 Germany, 24% Finland, 3% Other, 10% EU is Pakistan s 3rd largest import partner after China and UAE. Austria, 3% Spain, 4% Imports from the EU stood at $5.46 billion in 2018. Sweden, 5% Belgium, 6% Hungary accounts for 0.6% of Pakistan s imports from the EU and 0.05% of total imports from the world. United Kingdom, 16% France, 8% Netherlands, 10% Italy, 11% 5
PAKISTAN HUNGARY TRADETRENDS 80 71 60 Bilateral trade has remained the same US$ 44 Mn from 2014 to 2018. 48 40 34 32 31 Pakistan s exports to Hungary fell by 0.6% during this period. 15 20 13 13 12 12 USD Millions 0 Meanwhile, Hungary s exports to Pakistan rose by 3.2% during the last four years. 2014 2015 2016 2017 2018 -19 -20 -21 -22 -35 -40 The trade balance in 2018 has remained more or less the same. -56 -60 Year -80 6 Exports to Hungary Imports from Hungary Trade Balance
PAKISTANS TOP 10 EXPORTS TO HUNGARY EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) HS CODE DESCRIPTION 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to 200 ... Leather further prepared after tanning or crusting incl. parchment-dressed leather", of sheep ... Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed ... Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m , ... Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 100 g/m , ... Leather further prepared after tanning or crusting "incl. parchment-dressed leather", of goats ... Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ... Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 100 g/m , ... Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to 200 ... 490,000 897,000 1,331,000 520852 1,913,000 1,241,000 969,000 411200 486,000 886,000 801,000 521021 642,000 705,000 664,000 520821 41,000 220,000 602,000 520831 314,000 266,000 541,000 411310 485,000 446,000 431,000 420310 570,000 313,000 364,000 520851 99,000 208,000 360,000 520822 328,000 521,000 349,000 7
PAKISTANS TOP 10 IMPORTS FROM HUNGARY IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) HS CODE DESCRIPTION 847290 Office machines, n.e.s. 836,000 6,339,000 4,785,000 841199 Parts of gas turbines, n.e.s. Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ... Heterocyclic compounds with nitrogen hetero-atom[s] only, containing in the structure a quinoline ... Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 16,831,000 31,610,000 3,719,000 630900 2,709,000 2,930,000 3,349,000 293349 3,412,000 250,000 2,236,000 870322 1,944,000 2,692,000 1,952,000 300490 1,950,000 1,600,000 1,936,000 841090 Parts of hydraulic turbines and water wheels incl. regulators Centrifugal pumps, power-driven (excluding those of subheading 8413.11 and 8413.19, fuel, lubricating ... Sanitary towels (pads) and tampons, napkins and napkin liners for babies, and similar articles, ... - - 1,239,000 841370 661,000 951,000 1,218,000 961900 994,000 767,000 954,000 392350 Stoppers, lids, caps and other closures, of plastics 903,000 853,000 548,000 8
Pakistans Theoretical Potential* for Additional Exports to the Hungary, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.3 Bn ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) HS CODE DESCRIPTION 270900 Petroleum oils and oils obtained from bituminous minerals, crude - 262,067,000 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... - 235,930,000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted - 154,996,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 1,331,000 124,560,000 410712 Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ... 24,000 109,666,000 390761 Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g - 98,465,000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... - 94,795,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 26,000 78,107,000 170199 Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar ... - 76,359,000 Portland cement (excluding white, whether or not artificially coloured) *Theoretical potential from diverting Pakistan s existing exports from other countries to meet Hungary s imports, ignoring competitiveness and tariffs 252329 - 74,331,000 9
Pakistans Theoretical Potential* for Additional Imports from the Hungary, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $4.5 BN ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) HS CODE 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... 56,000 1,066,775,000 851712 Telephones for cellular networks "mobile telephones" or for other wireless networks - 585,651,000 870321 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... - 517,623,000 890800 Vessels and other floating structures for breaking up Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... - 515,542,000 300490 1,936,000 430,860,000 390120 Polyethylene with a specific gravity of >= 0,94, in primary forms - 298,870,000 870322 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... 1,952,000 289,928,000 120510 Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content ... - 282,745,000 870323 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... 388,000 266,337,000 Machines for the reception, conversion and transmission or regeneration of voice, images or ... *Theoretical potential from switching imports from existing sources to Hungary exporters, ignoring competitiveness and tariffs 851762 15,000 242,727,000 10
