Analysis of Foreign Trade Trends With Special Regard to the Trade of Hungary and Its Neighbouring Countries

Trade has always been the engine of growth. With increased trade openness, its role in world economy is more important than ever. After reviewing the development of trade and commercial theories, and analysing trends in international trade we set out to investigate the foreign trade of Hungary with the neighbouring countries. Using secondary data, we analysed the volume of trade, share of export and import volume, changes in export composition, changes in export and import complexity between 1993 and 2016. Based on our findings, we concluded that Hungarian foreign trade with the neighbouring countries follows the global trends in trade