Australia (AUS) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Australia-Hungary Trade: In 2022, Australia exported $53.6M to Hungary. The main products that Australia exported to Hungary were Unpackaged Medicaments ($11.1M), Packaged Medicaments ($10.1M), and Vegetable Alkaloids ($8.72M). Over the past 5 years the exports of Australia to Hungary have decreased at an annualized rate of 2.71%, from $61.4M in 2017 to $53.6M in 2022.

In 2022, Australia did not export any services to Hungary.

Hungary-Australia Trade: In 2022, Hungary exported $762M to Australia. The main products that Hungary exported to Australia were Cars ($278M), Office Machine Parts ($51.2M), and Computers ($50.8M). Over the past 5 years the exports of Hungary to Australia have increased at an annualized rate of 10.8%, from $457M in 2017 to $762M in 2022.

In 2020, Hungary exported services to Australia worth $34.5M, with Travel ($16M), Computer and information services ($7.31M), and Transportation ($4.68M) being the largest in terms of value.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $53.6M to Hungary. The main products exported from Australia to Hungary were Unpackaged Medicaments ($11.1M), Packaged Medicaments ($10.1M), and Vegetable Alkaloids ($8.72M). During the last 5 years the exports of Australia to Hungary have decreased at an annualized rate of 2.71%, from $61.4M in 2017 to $53.6M in 2022.

In 2017, Hungary exported $762M to Australia. The main products exported from Hungary to Australia were Cars ($278M), Office Machine Parts ($51.2M), and Computers ($50.8M). During the last 5 years the exports of Hungary to Australia have increased at an annualized rate of 10.8%, from $457M in 2022 to $762M in 2017.

Exports from Australia () to Hungary () (2022)

Exports from Hungary () to Australia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Hungary
Top DestinationGermany$35.5B

This map shows whether countries import more from Australia or Hungary. Each country is colored based on the difference in imports they receive from Australia and Hungary or the difference in the growth in imports.

In 2022, countries that imported more from Australia than Hungary included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Hungary than Australia included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

Difference in imports from Hungary () and Australia () (2022)

Comparative Advantage Australia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Hungary by product, considering products traded by both, Australia and Hungary.

During 2022, Australia had a large net trade with Hungary in the exports of Chemical Products ($31.2M), Machines ($18M), and Instruments ($1.7M).

During 2017, Hungary had a large net trade with Australia in the exports of Transportation ($315M), Machines ($271M), and Chemical Products ($73.8M).

Bilateral Service Trade

Hun Year

In 2020, Hungary exported services to Australia worth $34.5M, with Travel ($16M), Computer and information services ($7.31M), and Transportation ($4.68M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Hungary. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Australia.

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Historical Data

Bilateral Trade by Products

Exports from Australia () to Hungary () (2022)

Exports from Hungary () to Australia () (2022)

Market Competitiveness

Difference in imports from Hungary () and Australia () (2022)

Comparative Advantage Australia - Hungary

Bilateral Service Trade

Services Exports from Hungary () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Australia () and Hungary () (2022)

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