Most Important Trade Partners
Most Important Trade Partners
In 1999 too, the most important trade partner of Hungary was Germany, with a 50% share of our EU exports (USD 9.6 billion); a further 12% (USD 2.4 billion) went to Austria, while another 8% of our exports (USD 1.5 billion) were directed into Italy. These countries were also our key import partners, representing 45% (USD 8.2 billion), 14% (USD 2.5 billion) and 12.1% (USD 2.2 billion) shares, respectively, of our entire EU import in 1999. The biggest Hungarian foreign trade surplus was realized in respect of Germany (USD 1.4 billion) but the Dutch (USD 594 million) and British (USD 266 million) relations were also significant. On the contrary, Hungary had a considerable foreign trade deficit with respect to Italy (USD -681 million), Finland (USD -226 million), France (USD -190 million), and Austria (USD -103 million).
