Hungary - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Hungary was 86.69 as of 2020. Its highest value over the past 60 years was 93.80 in 1999, while its lowest value was 26.95 in 1975.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 62.11
1961 62.69
1968 28.15
1969 30.00
1970 32.65
1971 32.57
1972 32.72
1973 34.13
1974 33.89
1975 26.95
1976 35.32
1977 34.74
1978 35.04
1979 37.65
1980 37.02
1981 32.41
1982 29.89
1983 31.34
1984 34.33
1985 33.28
1986 35.23
1987 38.03
1988 43.15
1989 45.81
1990 56.48
1991 70.83
1992 71.23
1993 70.10
1994 81.71
1995 80.24
1996 81.47
1997 88.49
1998 91.32
1999 93.80
2000 93.25
2001 92.93
2002 92.60
2003 92.54
2004 91.49
2005 89.41
2006 87.16
2007 86.10
2008 85.58
2009 86.49
2010 85.04
2011 84.76
2012 84.02
2013 84.03
2014 85.53
2015 87.10
2016 87.22
2017 86.06
2018 86.55
2019 86.81
2020 86.69

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports