Flag Austria / Hungary Flag

2020
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Exports
: $6.06B, Rnk 6 / 213

2020
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Top Product
: $498M, Refined Petroleum

2020
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Exports
: $4.94B, Rnk 6 / 205

2020
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Top Product
: $222M, Cars

2020
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Economic Complexity (ECI)
: ECI 1.52, Rnk 10 / 127

2020
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Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
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GDP
: $433B, CURRENT US$
Rnk 25 / 204

2010-2020
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GDP GROWTH
: 10.4%, CURRENT US$
Rnk 141 / 204

2020
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 GDP
: $157B, CURRENT US$
Rnk 54 / 204

2010-2020
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GDP GROWTH
: 18.5%, CURRENT US$
Rnk 122 / 204

2020
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GDP PC 
: $48,589, CURRENT US$
Rnk 19 / 204

2010-2020
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GDP PC GROWTH
: 3.59%, CURRENT US$
Rnk 126 / 204

2020
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GDP PC
: $16,076, CURRENT US$
Rnk 61 / 204

2010-2020
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GDP PC GROWTH
: 21.6%, CURRENT US$
Rnk 85 / 204

Austria-Hungary In 2020, Austria exported $6.06B to Hungary. The main products that Austria exported to Hungary are Refined Petroleum ($498M), Petroleum Gas ($471M), and Electricity ($321M). During the last 25 years the exports of Austria to Hungary have increased at an annualized rate of 4.46%, from $2.03B in 1995 to $6.06B in 2020.

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 2020, Hungary exported $4.94B to Austria. The main products that Hungary exported to Austria were Cars ($222M), Motor vehicles; parts and accessories (8701 to 8705) ($211M), and Electric Batteries ($163M). During the last 25 years the exports of Hungary to Austria have increased at an annualized rate of 5.43%, from $1.32B in 1995 to $4.94B in 2020.

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 2020,  Austria ranked 10 in the Economic Complexity Index (ECI 1.52), and 31 in total exports ($160B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Austria exported $6.06B to Hungary. The main products exported from Austria to Hungary were Refined Petroleum ($498M), Petroleum Gas ($471M), and Electricity ($321M). During the last 25 years the exports of Austria to Hungary have increased at an annualized rate of 4.46%, from $2.03B in 1995 to $6.06B in 2020.

In 2020, Hungary exported $4.94B to Austria. The main products exported from Hungary to Austria were Cars ($222M), Motor vehicles; parts and accessories (8701 to 8705) ($211M), and Electric Batteries ($163M). During the last 25 years the exports of Hungary to Austria have increased at an annualized rate of 5.43%, from $1.32B in 1995 to $4.94B in 2020.

Austria Exports

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Hungary Exports

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Market Competitiveness

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Measure

Austria
Top Destination
: Germany, $46.6B

Hungary
Top Destination
: Germany, $31.4B

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 2019, countries that imported more from Austria than Hungary were Germany ($46.6B), Switzerland ($8.82B), and United States ($10.6B).

In 2019, countries that imported more from Hungary than Austria were Romania ($6.28B), Slovakia ($5.42B), and Ukraine ($2.2B).

Comparative Advantage Austria - Hungary

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Flow
Scale

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

During 2020, Austria had a large net trade with Hungary in the exports of Mineral Products ($1.34B), Machines ($1.22B), and Transportation ($651M).

During 2020, Hungary had a large net trade with Austria in the exports of Machines ($1.39B), Metals ($534M), and Transportation ($520M).

Bilateral Service Trade

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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.

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 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.