2021
Flag  
GDP
$480BCURRENT US$
Rnk 29 / 204
2011-2021
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GDP GROWTH
11.3%CURRENT US$
Rnk 140 / 204
2021
Flag
 GDP
$182BCURRENT US$
Rnk 55 / 204
2011-2021
Flag
GDP GROWTH
28.4%CURRENT US$
Rnk 96 / 204
2021
Flag
GDP PC 
$53,638CURRENT US$
Rnk 21 / 204
2011-2021
Flag
GDP PC GROWTH
4.27%CURRENT US$
Rnk 132 / 204
2021
Flag
GDP PC
$18,772CURRENT US$
Rnk 61 / 204
2011-2021
Flag
GDP PC GROWTH
31.9%CURRENT US$
Rnk 57 / 204

About

Austria-Hungary In 2021, Austria exported $7.99B to Hungary. The main products that Austria exported to Hungary are Refined Petroleum ($785M), Petroleum Gas ($627M), and Electricity ($435M). During the last 26 years the exports of Austria to Hungary have increased at an annualized rate of 5.34%, from $2.06B in 1995 to $7.99B in 2021.

In 2020, Austria exported services to Hungary worth $1.62B, with Travel ($584M), Transportation ($384M), and Other business services ($348M) being the largest in terms of value.

Hungary-Austria In 2021, Hungary exported $6.01B to Austria. The main products that Hungary exported to Austria were Cars ($292M), Motor vehicles; parts and accessories (8701 to 8705) ($240M), and Electricity ($195M). During the last 26 years the exports of Hungary to Austria have increased at an annualized rate of 6.01%, from $1.32B in 1995 to $6.01B in 2021.

In 2020, Hungary exported services to Austria worth $1.72B, with Transportation ($715M), Travel ($604M), and Other business services ($260M) being the largest in terms of value.

Comparison In 2021,  Austria ranked 9 in the Economic Complexity Index (ECI 1.5), and 31 in total exports ($198B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Austria exported $7.99B to Hungary. The main products exported from Austria to Hungary were Refined Petroleum ($785M), Petroleum Gas ($627M), and Electricity ($435M). During the last 26 years the exports of Austria to Hungary have increased at an annualized rate of 5.34%, from $2.06B in 1995 to $7.99B in 2021.

In 2021, Hungary exported $6.01B to Austria. The main products exported from Hungary to Austria were Cars ($292M), Motor vehicles; parts and accessories (8701 to 8705) ($240M), and Electricity ($195M). During the last 26 years the exports of Hungary to Austria have increased at an annualized rate of 6.01%, from $1.32B in 1995 to $6.01B in 2021.

Exports from Austria (Flag) to Hungary (Flag) (2021)

Exports from Hungary (Flag) to Austria (Flag) (2021)

Latest Data

Trade between Austria (Flag) and Hungary (Flag)

Austria Exports

Hungary Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$56.4B
Hungary
Top Destination
Germany$35.7B

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

In 2021, countries that imported more from Austria than Hungary were Germany ($56.4B), Switzerland ($10.1B), and United States ($12.7B).

In 2021, countries that imported more from Hungary than Austria were Romania ($7.25B), Ukraine ($2.99B), and Serbia ($2.52B).

Difference in imports from Hungary (Flag) and Austria (Flag) (2021)

Comparative Advantage Austria - Hungary

Flow
Scale

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

During 2021, Austria had a large net trade with Hungary in the exports of Mineral Products ($1.92B), Machines ($1.63B), and Transportation ($920M).

During 2021, Hungary had a large net trade with Austria in the exports of Machines ($1.34B), Metals ($851M), and Transportation ($622M).

Service Trade

Bilateral Service Trade

In 2020, Austria exported services to Hungary worth $1.62B, with Travel ($584M), Transportation ($384M), and Other business services ($348M) being the largest in terms of value.

In 2020, Hungary exported services to Austria worth $1.72B, with Transportation ($715M), Travel ($604M), and Other business services ($260M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Hungary (Flag) (2020)

Services Exports from Hungary (Flag) to Austria (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Austria has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Austria.

Product Space of Austria (Flag) and Hungary (Flag) (2021)

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