Flag Austria / Hungary Flag

Exports FlagFlag  (2018): $6.24B, Rnk 7 / 206

Top Product FlagFlag (2018): $552M, Refined Petroleum

Exports FlagFlag (2018): $5.42B, Rnk 5 / 194

Top Product FlagFlag (2018): $279M, Vehicle Parts

Economic Complexity of Flag (2018): ECI 1.54, Rnk 11 / 137

Economic Complexity of Flag (2018): ECI 1.44, Rnk 14 / 137

GDP Flag (2018): $455B, CURRENT US$
Rnk 26 / 196

GDP GROWTH Flag (2008-2018): 5.81%, CURRENT US$
Rnk 154 / 196

GDP Flag (2018): $158B, CURRENT US$
Rnk 55 / 196

GDP GROWTH Flag (2008-2018): -0.16%, CURRENT US$
Rnk 167 / 196

GDP PC Flag (2018): $51,462, CURRENT US$
Rnk 15 / 196

GDP PC GROWTH Flag (2008-2018): -0.48%, CURRENT US$
Rnk 147 / 196

GDP PC Flag (2018): $16,162, CURRENT US$
Rnk 58 / 196

GDP PC GROWTH Flag (2008-2018): 2.59%, CURRENT US$
Rnk 135 / 196

Austria-Hungary: In 2018, Austria exported $6.24B to Hungary. The main products exported from Austria to Hungary were Refined Petroleum ($552M), Petroleum Gas ($461M), and Vehicle Parts ($290M). During the last 23 years the exports of Austria to Hungary have increased at an annualized rate of 5.8%, from $1.7B in 1995 to $6.24B in 2018. In 2016, Austria exported services to Hungary worth $1.6B, with Travel ($702M), Transportation ($391M), and Other business services ($274M) being the largest in terms of value.

Hungary-Austria: In 2018, Hungary exported $5.42B to Austria. The main products exported from Hungary to Austria were Vehicle Parts ($279M), Refined Petroleum ($241M), and Cars ($225M). During the last 23 years the exports of Hungary to Austria have increased at an annualized rate of 6.48%, from $1.28B in 1995 to $5.42B in 2018. In 2016, Hungary exported services to Austria worth $1.69B, with Transportation ($744M), Travel ($591M), and Other business services ($224M) being the largest in terms of value.

Comparison: In 2018, Austria ranked 11 in the Economic Complexity Index (ECI 1.54), and 30 in total exports ($176B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.44), and 35 in total exports ($122B). In terms of GDP Per Capita, Austria was ranked 15 with a GDP Per Capita of $51,462, and Hungary was ranked 58 with a GDP Per Capita of $16,162.

Bilateral Trade by Products

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Depth
Value

In 2018, Austria exported $6.24B to Hungary. The main products exported from Austria to Hungary were Refined Petroleum ($552M), Petroleum Gas ($461M), and Vehicle Parts ($290M). During the last 23 years the exports of Austria to Hungary have increased at an annualized rate of 5.8%, from $1.7B in 1995 to $6.24B in 2018.

In 2018, Hungary exported $5.42B to Austria. The main products exported from Hungary to Austria were Vehicle Parts ($279M), Refined Petroleum ($241M), and Cars ($225M). During the last 23 years the exports of Hungary to Austria have increased at an annualized rate of 6.48%, from $1.28B in 1995 to $5.42B in 2018.

Market Competitiveness

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Measure

Austria
Top Destination
: Germany, $50.9B

Hungary
Top Destination
: Germany, $32.6B

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 2018, countries that imported more from Austria than Hungary were Germany ($50.9B), United States ($12.7B), and Switzerland ($8.3B).

In 2018, countries that imported more from Hungary than Austria were Romania ($6.18B), Slovakia ($5.76B), and Ukraine ($2.22B).

Comparative Advantage Austria - Hungary

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Depth

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

During 2018, Austria had a large net trade with Hungary in the exports of Machines ($1.38B), Mineral Products ($1.06B), and Metals ($697M).

During 2018, Hungary had a large net trade with Austria in the exports of Machines ($1.28B), Metals ($724M), and Transportation ($631M).

Trade Forecasts

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This section shows a forecast for total trade between Austria and Hungary. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Austria exported services to Hungary worth $1.6B, with Travel ($702M), Transportation ($391M), and Other business services ($274M) being the largest in terms of value.

In 2016, Hungary exported services to Austria worth $1.69B, with Transportation ($744M), Travel ($591M), and Other business services ($224M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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