Brazil / Hungary

Overview In December 2024, Brazil exported $3.08M and imported $45.6M from Hungary, resulting in a negative trade balance of $42.5M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-4.41M (-58.9%) from $7.49M to $3.08M, while imports increased by $4.18M (10.1%) from $41.4M to $45.6M.

Trade In December 2024, the top exports of Brazil to Hungary were Leather of Other Animals ($1.76M), Other Iron Products ($367k), Gas and Liquid Flow Measuring Instruments ($356k), Electrical Capacitors ($310k), and Air Conditioners ($296k). In December 2024 the top imports of Brazil from Hungary were Cars ($10.7M), Motor vehicles; parts and accessories (8701... ($5.62M), Other Nitrogen Compounds ($3.71M), Engine Parts ($1.92M), and Vaccines, blood, antisera, toxins and cultures ($1.69M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($1.63M), Goiás ($1.08M), Paraná ($160k), Rio Grande do Sul ($122k), and Rio de Janeiro ($48.6k), while imports destinations were mainly São Paulo ($21.3M), Paraná ($11.6M), Santa Catarina ($5.23M), Rio de Janeiro ($2.13M), and Espírito Santo ($1.83M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Electric Motors ($-123k or -30.1%), Ball Bearings ($-91.8k or -62.9%), and Rubber Footwear ($-69.5k or -50.3%). In December 2024, the increase in Brazil's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Cars ($5.35M or 100%), Other Nitrogen Compounds ($3.38M or 1k%), and Motor vehicles; parts and accessories (8701... ($1.73M or 44.6%).