International Merchandise Trade Statistics: Exports: Commodities for Hungary
HUNXTEXVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,746,370,000.00
Year-over-Year Change
11.19%
Date Range
1/1/1976 - 4/1/2025
Summary
This economic trend measures Hungary's exports of commodities, providing insights into the country's international trade patterns and economic performance.
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: Exports: Commodities for Hungary trend tracks the value of Hungary's exports of various commodities, offering a comprehensive view of the country's trade activities and competitiveness in global markets.
Methodology
The data is collected by the Hungarian Central Statistical Office and reported to international organizations.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to assess Hungary's trade dynamics and guide economic strategies.
Key Facts
- Hungary is a major exporter of machinery and transport equipment.
- Exports account for around 90% of Hungary's GDP.
- The EU is Hungary's largest trading partner, receiving over 80% of its exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of Hungary's exports of various commodities, providing insights into the country's international trade activities.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Hungary's economic performance, trade competitiveness, and integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office and reported to international organizations.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economists closely monitor this trend to assess Hungary's trade dynamics and guide economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Hungarian Central Statistical Office and international organizations.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Hungary (HUNXTEXVA01CXMLQ), retrieved from FRED.