Embassy of Ukraine in Hungary

Trade and economic cooperation of Ukraine and Hungary

According to the State Statistics Service of Ukraine in 2017, the total volume of trade in goods and services between Ukraine and Hungary grew by 31.2% (by USD 629.0 million) compared to 2016 and amounted to USD 2 684 millionAt the same time, exports increased by 25.3% (USD 294.8 million) and amounted to USD 1460.7 million, imports grew by 39.2% (USD 334.2 million), to USD 1187.1 millionThe positive balance for Ukraine was USD 273.6 million.

In 2017, compared to the data of 2016, Ukrainian goods exports grew by 26.0% to USD 1326.4 million (3.1% of the total Ukrainian exports of goods), imports grew by 43.7% to USD 1152.4 million (2.3% of Ukraine's total imports). The trade turnover with Hungary in 2017 grew by 33.6% and amounted to USD 2 billion 478.8 million. In the given period, in the bilateral trade in goods between Ukraine and Hungary, the balance for Ukraine was positive and amounted to USD 174.0 million.

Indicators of foreign trade in goods between Ukraine and Hungary according to the State Statistics Service of Ukraine, USD millions

Indexes

2012

2013

2014

2015

2016

2017

2017/2016

(+/-;%)

Commodity circulation

2669.8

2957.5

2973.9

2518.3

1855.1

2478.8

133.6

Export

1510.2

1556.9

1509.9

909.7

1053.1

1326.4

126.0

Imports

1159.6

1400.5

1464.0

1608.6

802.0

1152.4

143.7

Balance

350.6

156.4

45.9

698.9

251.1

174.0

-

Analysis of the commodity structure of Ukrainian exports to Hungary shows that in 2017, as in previous years, the main commodity groups of Ukrainian exports were: electric machines (52.0%); mineral fuels, petroleum and products of its distillation (12.1%); ferrous metals (11.7%); wood and wood products (6.5%).

Structure of Ukrainian exports to Hungary, 2017

Code

UKTZED

Commodity group

Cost, USD thousand dollars

Specific weight, %

2017/2016%

85

Electric cars

707 695.8

53.4

129.2

27

Mineral fuel; oil and products of its distillation

152 779.2

11.5

120.0

26

Ore, slag and ashes

87 093.0

6.6

360.3

72

Ferrous metals

82 708.0

6.2

67.0

44

Wood and wood products

70 333.1

5.3

103.4

84

 

Reactors nuclear, boilers, machines

29 085.2

2.2

115.2

23

Residues and waste of the food industry

27 174.6

2.0

272.5

62

Clothing and accessories to clothing, textile

23 180.4

1.7

93.3

48

Paper and cardboard

17 736.0

1.3

514.9

64

Footwear

12 978.4

1.0

117.1

12

Seeds and fruits of oilseeds

12,049.4

0.9

142.0

31

Fertilizers

9 857.6

0.7

205.9

25

Salt; sulfur; earth and stones

9 777.4

0.7

300.5

39

Plastics, polymer materials

8 213.1

0.6

117.0

73

Products made of ferrous metals

7 697.7

0.6

146.5

The bulk of Hungarian imports in 2017 indicates a stable commodity structure of imports: electricity, mineral fuels, products of the chemical industry, vehicles, medicines, agricultural products, etc.

Structure of Hungarian imports to Ukraine, 2017

Code

UKTZED

Commodity group

Cost, USD thousands

Specific weight, %

2017/2016%

85

Electric machines 

252 067.4

21.9

116.7

27

Mineral fuel; oil and products of its distillation

208 145.3

18.1

292.0

39

Plastics, polymer materials

121 823.9

10.6

121.5

87

Means of land transport other than railway

109 599.0

9.5

353.0

30

Pharmaceutical products

72 477.7

6.3

114.8

40

Rubber, rubber

65 689.4

5.7

123.1

84

Reactors nuclear, boilers, machines

58,352.1

5.1

103.9

10

Grain Cultures

30 711.8

2.7

106.9

38

Various chemical products

22 878.0

2.0

120.5

48

Paper and cardboard

22 273.7

1.9

160.8

23

Residues and waste of the food industry

21 427.9

1.9

125.2

29

Organic chemical compounds

14 703.4

1.3

147.7

96

Various finished products

13 154.1

1.1

100.3

According to the results of 2017, the volume of mutual trade in services amounted to USD 169.1 million and has grown by 3.2%. Exports of services grew by 18.6% (USD 21.4 million) and amounted to USD 134.3 million, imports decreased by 32.6% (USD 16.2 million) to USD 34.8 million. The positive balance for Ukraine was USD 99.5 million.

In January-February 2018, the turnover amounted to USD 483.6 million (increased by 46.4%), Ukrainian exports - USD 286.5 million (increased by 49.2%), imports from Hungary - USD 197.1 million (increased by 42.6%). The positive balance for Ukraine in the specified period amounted to USD 89.4 million.

The volume of investments of Hungary in Ukraine as of December 31, 2017 amounted to USD 796.0 million, which amounts to 2.0% of the total volume of direct foreign investments invested in the Ukrainian economy.

The volume of investments from Ukraine to Hungary as of December 31, 2017 amounted to USD 17.5 million.

In order to deepen trade and economic cooperation between Ukraine and Hungary and its further effective development, the Joint Intergovernmental Ukrainian-Hungarian Economic Cooperation Commission and the Ukrainian-Hungarian Intergovernmental Mixed Commission on Cross-Border and Border Cooperation have been established. On December 16-17, 2013 in Budapest, the Third Intergovernmental Ukrainian-Hungarian Commission on Economic Cooperation, held on December 20, 2013 in the village of. Barvinok (Transcarpathian region), the Sixth Session of the Ukrainian-Hungarian Intergovernmental Commission on Cross-Border and Border Cooperation was held.

**************************************************************************************************************

The list of the EXHIBITIONS and FAIRS 2018 that will take place in Ukraine during the current year can be downloaded here.  

Corporate data of the UKRAINIAN EXPORT-ORIENTED COMPANIES:

2018:

1. MAXIDEN LLC (OPTIMA DÉCOR TM);

2. Private Enterprise “Viktor and K”;

3. Hybro Technologies LLC;

4. PJSC "AVDEEVSKIY FACTORY OF METAL CONSTRUCTIONS";

5. SOTON TRADE LLC;

6. Tehnovyrob LTD;

7. TETRADA LLC;

8. Factory Steko LLC;

9. Moidodir Ltd.;

10. MODERN XXI LTD;

11. GOODGRAINOIL LLC;

12. ATS Ukraine LLC;

13. Private Entrepreneur (PE) Donchevskyi;

14. Private Entrepreneur (PE) Nykyforov;

15. DIAMANT Ltd.;

16. ORIGIN AGRO LLC;

2017:

  1. “VIKI LTD” 
  2. «Zavod Kobzarenka» Ltd
  3. ZINTO LLC
  4. Stal-M LLC
  5. JSC "Hemoplast"
  6. PPE KASKAD-2001
  7. Agrofirm POLE LTD.
  8. GARUDA-INVEST LTD.
  9. UKRZELENBUD LTD.
  10. SKLOPROM LLC
  11. ARKAT LLC
  12. ROBIN LLC (TM Amberwood Ltd.)
  13. VITEO LLC
  14. ODESAKABEL LLC TH
  15. ZELKO GROUP LLC
  16. GUBERNIA-2009 LLC
  17. SOLOMONOVO Industrial Park
  18. DIC LLC
  19. LADYROOM Company
  20. KTA Company
  21. UKRAINIAN SOLUTIONS LLC (TM Polyana Kvasova)
  22. Trade Company UkrTechnoFoods LTD.
  23. Trade House Rud Exhaust Systems LLC (http://rudwoodstove.com/)
  24. August-Kiy Ltd.
  25. MDM LLC
  26. AGAT GOLD LLC
  27. Ascania Pack LLC
  28. Investment proposal by TV and Radio Company Tehnosistema LLC (Kherson region)

2016:

  1. Collective Enterprise “Bilotserkivkhliboproduct”
  2. “BIOTECH GROUP” LLC
  3. Borisposkii Kombinat Budivelnih Materialiv
  4. «Can–Pack (Ukraine)» LLC
  5. Cherkasy Factory of Plate Materials LLC
  6. Cherkasy Research and Production Center for Biological Plant Protection LLC
  7. Cherkasyvtorresursy Private Joint-Stock Company
  8. Private Enterprise “DNEPR-2”
  9. “Dolivenko” LLC
  10. «Research – production enterprise «Donbassnerudprom» LLC
  11. State-owned enterprise «Donetsk expert and Technical Center of the State Service of Mining Supervision and Industrial Safety of Ukraine»
  12. PrJSC «Elite Decor»
  13. PrJSC “Elopak-Fastiv”
  14. FRAU MARTA Private Joint-Stock Company
  15. FREYA-AGRO LLC
  16. “Fruit and Vegetable Plant “Kherson” LLC
  17. Gas supply department of “Group of Companies “Sodruzhestvo” LLC
  18. GROUP VENETO LLC
  19. “Group of companies “Sodruzhestvo” LLC (Honey processing department)
  20. PrJSC “INDAR”
  21. JSC “Institute for Ceramic Machinebuilding “Kerammash”
  22. Khartsyzsk Cable Works ENERGO Ltd.
  23. LIMITED LIABILITY COMPANY "KRUK"
  24. KVANT EFIR
  25. LAB & PHARMA ENGINEERING LLC
  26. LekhimJSC
  27. “MAG” Foreign Trade Enterprise
  28. Manezh LLC
  29. Mariupol State University
  30. Private Scientific and Production Enterprise «Mekhanotron»
  31. Private Join Stock Company «Monomakh»
  32. «Myronivskyi Grain Storage Plant»
  33. NEW-LIGHT LLC
  34. Orion-Glass LLC
  35. Private enterprise “OSV Technologiya”
  36. LLC “Financial Construction Company “PAGODA”
  37. PAINT AND VARNISH MAKING PLANT “AVRORA” LLC
  38. Production Association Avant-Group LLC
  39. Private Joint stock company “ROSAVA”
  40. «RUSKOPOLIANSKYI FURNITURE FACTORY» PJSC
  41. Smila Machine Building Plant PJSC
  42. Packing equipment plant "Thermo-Pack" Ltd
  43. “TPK NASHA MARKA»
  44. PJSC "Tsyurupinskoe"
  45. «Belotserkovskyzavod «Tribo» Ltd
  46. “Trade House “Ukrainian Rice Systems” LLC
  47. PJSC “Ukrhydromech Nova Kakhovka Plant”
  48. UKROBORONSERVICE State Company
  49. VatfarmLLC

2015:

  1. “Dnipropetrovs’k food concentrates plant” PJSC
  2. “Adept-Indsystems” LLC
  3. “Aisberg” Ltd
  4. “Iceblick” Ltd
  5. Subsidiary Enterprise “Drill Collars and Kellys Plant”
  6. “VINIL” LLC
  7. “Viluta” LLC
  8. State Enterprise Research-Industrial Complex “Pavlograd Chemical Plant”
  9. Dneprovsky Special Tubes Plant Ltd
  10. “Impulse” PJSC
  11. “AvtoKrAZ” PJSC
  12. “Elektromotor” PJSC
  13. TzDV “Fabryka “Trembita”
  14. “KryukovRailwayCarBuilding Works” PJSC
  15. “Poltava Machinery Plant” PJSC
  16. The Group of Companies “Sodruzhestvo” LLC
  17. “Vermihaus” LLC
  18. “Bruk-Bet” LLC
  19. “ODESSAКONDITER” JSC
  20. “Medical Instruments Plant – Medapparat” LLC
  21. “NASOSENERGOMASH Pump & Power  Engineering Works Sumy” PJSC
  22. “Allseeds Black Sea” Vegetable Oil Terminal” LLC
  23. “SENSI” Ltd
  24. “TURBOMASH” &LTD UKRAINE
  25. “Tsyurupinskoe” PJSC
  26. “YUZHMORMONTAZH” PJSC
  27. “House of Vintage Cognacs “Tavria” PJSC
  28. “Rembyttekhnika – Kherson” PJSC
  29. “Uzhgorodsky Turbogaz” PJSC
  30. “ELTIZ” private enterprise
  31. Tavrian casting company “TALKO”
  32. “Triada Ltd” LLC
  33. “Roll Grand” Ltd
  34. “Dneprovagonmash” PJSC
  35. “Turboatom” OJSC
  36. "Kupyansk Canned-Milk Integrated Plant” PJSC
  37. PrJSC “INDAR”
  38. “State Food and Grain Corporation of Ukraine” PJSC
  39. “SumyFrunze Machine-Building Science and Production Association” PJSC
  40. M.K.YangelYuzhnoyeState Design Office
  41. Gas Turbine Research and Production Complex “ZORYA-MASHPROEKT”
  42. “Myronivsky Hliboproduct” PJSC
  43. “Astarta-Kyiv” LLC
  44. “Zaporozhye Regional Foreign Trade Agency” LLC
  45. “MASHZAVOD” LLC
  46. AGROFIRM "POLE" 
  47. Architect Stone LLC
  48. ARTYOMSOL State Enterprise
  49. Scientific and Production Complex Askenn LLC
  50. Bag Fiter Factory Ltd