Hungarian Prime Minister in Japan

Hungarian Prime Minister Viktor Orbán paid a visit to Japan where he held talks with his Japanese counterpart Abe Shindzo, delivered speeches on his government's opening towards Asia and was also received by Emperor Akahito.

Hungary is Japan’s most important import partner in Central and Eastern Europe and is the second most important trading partner in exports after Poland. The volume of Japanese foreign direct investment in 2012 was EUR 722 million, according to the National Bank of Hungary (MNB), ranking Japan 11th-12th among Hungary’s largest foreign investors.

When it comes to goods turnover, according to Central Statistical Office (KSH) figures Japan was Hungary’s most important partner from Asia in 2012. Exports of machinery and transport equipment accounted for the greatest part (43 percent) in outgoing trade towards the island nation, while exports of processed products represented 37 percent.

Imports from Japan are largely dominated by trade in machinery and transport equipment, while processed products make up 25 percent of total imports. According to a survey prepared this year by the Japan External Trade Organisation, some 150 Japanese-owned companies are currently operating in Hungary.

(source: PM Office)