Flag Germany / Hungary Flag

Exports Flag → Flag  (2018): $29.6B, Rnk 15 / 216

Top Product Flag → Flag (2018): $2.37B, Vehicle Parts

Exports Flag → Flag (2018): $32.6B, Rnk 1 / 194

Top Product Flag → Flag (2018): $3.27B, Cars

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

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

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 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): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 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

Germany-Hungary: In 2018, Germany exported $29.6B to Hungary. The main products exported from Germany to Hungary were Vehicle Parts ($2.37B), Cars ($1.36B), and Engine Parts ($1.23B). During the last 23 years the exports of Germany to Hungary have increased at an annualized rate of 9.12%, from $3.97B in 1995 to $29.6B in 2018. In 2016, Germany exported services to Hungary worth $2.19B, with Other business services ($1.01B), Royalties and license fees ($355M), and Transportation ($328M) being the largest in terms of value.

Hungary-Germany: In 2018, Hungary exported $32.6B to Germany. The main products exported from Hungary to Germany were Cars ($3.27B), Vehicle Parts ($2.79B), and Spark-Ignition Engines ($1.95B). During the last 23 years the exports of Hungary to Germany have increased at an annualized rate of 8.99%, from $4.5B in 1995 to $32.6B in 2018. In 2016, Hungary exported services to Germany worth $3.26B, with Other business services ($990M), Transportation ($814M), and Travel ($700M) being the largest in terms of value.

Comparison: In 2018, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). 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, Germany was ranked 18 with a GDP Per Capita of $47,603, 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, Germany exported $29.6B to Hungary. The main products exported from Germany to Hungary were Vehicle Parts ($2.37B), Cars ($1.36B), and Engine Parts ($1.23B). During the last 23 years the exports of Germany to Hungary have increased at an annualized rate of 9.12%, from $3.97B in 1995 to $29.6B in 2018.

In 2018, Hungary exported $32.6B to Germany. The main products exported from Hungary to Germany were Cars ($3.27B), Vehicle Parts ($2.79B), and Spark-Ignition Engines ($1.95B). During the last 23 years the exports of Hungary to Germany have increased at an annualized rate of 8.99%, from $4.5B in 1995 to $32.6B in 2018.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $132B

Hungary
Top Destination
: Germany, $32.6B

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

In 2018, countries that imported more from Germany than Hungary were United States ($132B), France ($121B), and China ($109B).

In 2018, countries that imported more from Hungary than Germany were American Samoa ($161k).

Comparative Advantage Germany - Hungary

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Depth

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

During 2018, Germany had a large net trade with Hungary in the exports of Machines ($12.6B), Transportation ($5.55B), and Metals ($2.68B).

During 2018, Hungary had a large net trade with Germany in the exports of Machines ($15.3B), Transportation ($7.04B), and Instruments ($1.73B).

Trade Forecasts

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This section shows a forecast for total trade between Germany 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, Germany exported services to Hungary worth $2.19B, with Other business services ($1.01B), Royalties and license fees ($355M), and Transportation ($328M) being the largest in terms of value.

In 2016, Hungary exported services to Germany worth $3.26B, with Other business services ($990M), Transportation ($814M), and Travel ($700M) 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 Germany has comparative advantage over Hungary. Similarly, the more red a dot/product is, the more Hungary has comparative advantage over Germany.