”Road to economic neutrality” – Eastern or Western opening?

Since 2010, the weight of the European Union within product exports has increased from 77% to 81%, to which, if we add the increase in the share of North America (United States, Canada, Mexico) from less than 3% to almost 5%, then we can see that a Western opening has taken place in the case of product exports. On the other hand, the share of exports to Asia decreased from 7% to below 5%, reaching the same level as the growing North American exports. There is no sign of the oft-claimed rise of China in the Hungarian export data: practically stagnant since 2010, the second most populous country in the world accounted for 0.2-0.35% of the total Hungarian product exports. The situation is no better with India, which has become the world’s most populous country, where the share has decreased from 0.4% to 0.3%.