Electronic components are among Vietnam’s key export items to Hungary. (Photo: vinhphuc.gov.vn)

According to the Hungarian Statistical Office’s data quoted by the Ministry of Industry and Trade, Vietnam’s export turnover to Hungary in 2020 reached more than 1 billion USD, up 86.4% over the same period last year.

Meanwhile, Malaysia’s export turnover to Hungary reached 872.8 million USD; Thailand, 516.9 million USD; Singapore, 363 million USD; the Philippines, 136 million USD; and Indonesia, 115.3 million USD.

In the Jan-October period of 2021, Vietnam’s exports to Hungary were valued at 842.7 million USD, up 5% from the same period last year, while exports from Malaysia were 586.7 million, down 12.2%; Singapore, 494.4 million USD, up 56.5%; Thailand, 426.6 million USD, up 10.1%; Philippines, 141.7 million USD, up 28.2%; and Indonesia, 119.5 million USD, up 26.2%.

Vietnam’s key export group to Hungary is electronic components, accounting for the highest value and contributing significantly to promoting Vietnam’s exports to Hungary in recent years.

Hungarian statistics showed that Vietnam’s electronic components export to Hungary in 2020 reached 747 million USD, accounting for 74.1% of the market’s total import turnover from Vietnam. In the first 10 months, export turnover of the group reached 574.8 million USD, accounting for 77%.

Thus, Vietnam is the first country in Southeast Asia exceeding 1 billion USD of export turnover to Hungary, and the value has been maintained since 2020./.

BTA