The development of Hungarian foreign trade with Asia

Hungary is a small and open economy depending on foreign capital and exports. As far as geographical distribution, structure and the size of exporting companies are concerned, Hungarian export is concentrated. The share of the European Union in Hungary’s exports (imports) was 76% (70%) in 2012. Asian countries certainly do not have a big share in Hungarian foreign trade but their role is increasing. The role of the Asian region is more significant in Hungarian imports (13.7% in 2012) than in exports (6.4%). [...] Bővebben!