International Merchandise Trade Statistics: Imports: Commodities for Hungary
XTIMVA01HUM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,548,829,000,000.00
Year-over-Year Change
0.80%
Date Range
1/1/1976 - 6/1/2025
Summary
This economic trend measures the value of imported goods and commodities to Hungary, a key indicator of international trade and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The International Merchandise Trade Statistics: Imports: Commodities for Hungary tracks the dollar value of all goods imported into Hungary from other countries. This metric provides insights into Hungary's trading relationships, consumer demand, and overall economic health.
Methodology
The data is collected through customs declarations and reports from importing companies.
Historical Context
Policymakers and analysts use this trend to assess Hungary's trade balance, competitiveness, and integration in global supply chains.
Key Facts
- Hungary is a major manufacturing and export economy in Central Europe.
- Imports account for over 80% of Hungary's GDP.
- Top imported commodities include machinery, vehicles, and energy products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and commodities imported into Hungary from other countries.
Q: Why is this trend relevant for users or analysts?
A: This import data provides insights into Hungary's trade relationships, consumer demand, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and reports from importing companies in Hungary.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to assess Hungary's trade balance, international competitiveness, and integration in global supply chains.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this import data due to the time required for customs processing and reporting.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Hungary (XTIMVA01HUM664S), retrieved from FRED.