2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Canada-Hungary Trade: In 2022, Canada exported $82.7M to Hungary. The main products that Canada exported to Hungary were Scrap Aluminium ($20.4M), Other Printed Material ($4.96M), and Machinery Having Individual Functions ($4.78M). Over the past 5 years the exports of Canada to Hungary have increased at an annualized rate of 13.8%, from $43.4M in 2017 to $82.7M in 2022.

In 2020, Canada exported services to Hungary worth $5.22M, with Royalties and license fees ($2.98M), Communications services ($1.49M), and Computer and information services ($746k) being the largest in terms of value.

Hungary-Canada Trade: In 2022, Hungary exported $399M to Canada. The main products that Hungary exported to Canada were Cars ($85.7M), Computers ($22.4M), and Packaged Medicaments ($21.8M). Over the past 5 years the exports of Hungary to Canada have increased at an annualized rate of 64.3%,  from $33.3M in 2017 to $399M in 2022.

In 2020, Hungary exported services to Canada worth $39.2M, with Travel ($15.6M), Personal, cultural, and recreational services ($6.85M), and Other business services ($6.74M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). 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
Value

In 2022, Canada exported $82.7M to Hungary. The main products exported from Canada to Hungary were Scrap Aluminium ($20.4M), Other Printed Material ($4.96M), and Machinery Having Individual Functions ($4.78M). During the last 5 years the exports of Canada to Hungary have increased at an annualized rate of 13.8%, from $43.4M in 2017 to $82.7M in 2022.

In 2017, Hungary exported $399M to Canada. The main products exported from Hungary to Canada were Cars ($85.7M), Computers ($22.4M), and Packaged Medicaments ($21.8M). During the last 22 years the exports of Hungary to Canada have increased at an annualized rate of 64.3%, from $33.3M in 1995 to $399M in 2017.

Exports from Canada (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Canada than Hungary included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Hungary than Canada included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

Difference in imports from Hungary (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Hungary

Flow
Scale

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

During 2022, Canada had a large net trade with Hungary in the exports of Machines ($31.5M), Metals ($22.8M), and Instruments ($6.94M).

During 2017, Hungary had a large net trade with Canada in the exports of Machines ($189M), Transportation ($99.5M), and Chemical Products ($49.2M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Hungary worth $5.22M, with Royalties and license fees ($2.98M), Communications services ($1.49M), and Computer and information services ($746k) being the largest in terms of value.

In 2020, Hungary exported services to Canada worth $39.2M, with Travel ($15.6M), Personal, cultural, and recreational services ($6.85M), and Other business services ($6.74M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

Product Space of Canada (Flag) and Hungary (Flag) (2022)

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