Austria (AUT) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Austria-Hungary Trade: In 2022, Austria exported $5.8B to Hungary. The main products that Austria exported to Hungary were Petroleum Gas ($2.27B), Electricity ($927M), and Refined Petroleum ($802M). Over the past 5 years the exports of Austria to Hungary have increased at an annualized rate of 23%, from $2.06B in 2017 to $5.8B in 2022.

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 Trade: In 2022, Hungary exported $5.13B to Austria. The main products that Hungary exported to Austria were Electricity ($306M), Cars ($298M), and Motor vehicles; parts and accessories (8701 to 8705) ($248M). Over the past 5 years the exports of Hungary to Austria have increased at an annualized rate of 31.2%, from $1.32B in 2017 to $5.13B in 2022.

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

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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, Austria exported $5.8B to Hungary. The main products exported from Austria to Hungary were Petroleum Gas ($2.27B), Electricity ($927M), and Refined Petroleum ($802M). During the last 5 years the exports of Austria to Hungary have increased at an annualized rate of 23%, from $2.06B in 2017 to $5.8B in 2022.

In 2017, Hungary exported $5.13B to Austria. The main products exported from Hungary to Austria were Electricity ($306M), Cars ($298M), and Motor vehicles; parts and accessories (8701 to 8705) ($248M). During the last 22 years the exports of Hungary to Austria have increased at an annualized rate of 31.2%, from $1.32B in 1995 to $5.13B in 2017.

Exports from Austria () to Hungary () (2022)

Exports from Hungary () to Austria () (2022)

Latest Data

Trade between Austria () and Hungary ()

Austria Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Hungary
Top DestinationGermany$35.5B

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 2022, countries that imported more from Austria than Hungary included Germany ($57.7B), Switzerland ($11.2B), and United States ($14.4B).

In 2022, countries that imported more from Hungary than Austria included Romania ($7.94B), Serbia ($3.42B), and Ukraine ($2.08B).

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

Comparative Advantage Austria - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Hungary in the exports of Mineral Products ($4.05B), Machines ($1.53B), and Metals ($994M).

During 2017, Hungary had a large net trade with Austria in the exports of Machines ($1.5B), Metals ($852M), and Transportation ($627M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Hungary+$110MCars

Top Product Potential Hungary Austria+$230MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Hungary () (2022)

Exports from Hungary () to Austria () (2022)

Latest Data

Trade between Austria () and Hungary ()

Austria Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Austria - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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