Hungary

ECON COMPLEXITY (2018)

1.44

RANK 14 OF 137

PRODUCT EXPORTS (2018)

$122B

RANK 35 OF 222

EXPORTS PER CAPITA (2018)

$12.4K

RANK 125 OF 219

PRODUCT IMPORTS (2018)

$113B

RANK 34 OF 221

IMPORTS PER CAPITA (2018)

$11.6K

RANK 131 of 219

SERVICE EXPORTS (2017)

$23.3B

RANK 37 OF 139

SERVICE IMPORTS (2017)

$16.6B

RANK 41 OF 139

GDP (2018)

$158B

CURRENT US$
RANK 55 OF 196

GDP GROWTH (2008-2018)

-0.16%

CURRENT US$
RANK 167 OF 196

GDP PC (2018)

$16,162

CURRENT US$
RANK 58 OF 196

GDP PC GROWTH (2008-2018)

2.59%

Overview: This page contains the latest international trade data for Hungary, including service trade data, and tariffs. In 2018 Hungary was the number 55 economy in the world in terms of GDP (current US$), the number 35 in total exports, the number 34 in total imports, and the number 14 most complex economy according to the Economic Complexity Index (ECI). In 2018, Hungary exported $122B and imported $113B, resulting in a positive trade balance of $8.04B. In 2018, Hungary’s exports per capita were $12.4k and its imports per capita were $11.6k.

Trade: The top exports of Hungary are Cars ($11B), Vehicle Parts($7.22B), Spark-Ignition Engines ($3.92B), Packaged Medicaments($3.76B), and Video Displays ($2.74B). The top imports of Hungary are Vehicle Parts ($5.84B), Cars ($4.59B), Packaged Medicaments($3.21B), Integrated Circuits ($3.14B), and Crude Petroleum($2.97B).

Destinations: Hungary exports mostly to Germany ($32.6B), Italy($6.29B), Romania ($6.18B), Slovakia ($5.76B), and Austria ($5.42B), and imports mostly from Germany ($29.6B), Poland ($6.8B), China($6.67B), Austria ($6.24B), and Czechia ($5.98B).

Location: Hungary borders Austria, Croatia, Romania, Serbia, Slovakia, Slovenia, and Ukraine by land.

Exports

In 2018 Hungary exported a total of $122B, making it the number 35 exporter in the world. During the last five reported years the exports of Hungary have changed by $20.3B from $101B in 2013 to $122B in 2018.

The most recent exports are led by Cars ($11B), Vehicle Parts ($7.22B), Spark-Ignition Engines ($3.92B), Packaged Medicaments ($3.76B), and Video Displays ($2.74B).

Imports

In 2018 Hungary imported $113B, making it the number 34 trade destination in the world. During the last five reported years the imports of Hungary changed by $17B from $96.5B in 2013 to $113B in 2018.

The most recent imports of Hungary are led by Vehicle Parts ($5.84B), Cars ($4.59B), Packaged Medicaments ($3.21B), Integrated Circuits ($3.14B), and Crude Petroleum ($2.97B).

Trade Balance

As of 2018 Hungary had a positive trade balance of $10.3B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $1.11B in net imports.

Destinations

The most common destination for the exports of Hungary are Germany ($32.6B), Italy ($6.29B), Romania ($6.18B), Slovakia ($5.76B), and Austria ($5.42B).

Origins

The most common import partners for Hungary are Germany ($29.6B), Poland ($6.8B), China ($6.67B), Austria ($6.24B), and Czechia ($5.98B).