2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 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 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 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

Germany-Hungary Trade: In 2022, Germany exported $27B to Hungary. The main products that Germany exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($2.65B), Planes, Helicopters, and/or Spacecraft ($1.98B), and Integrated Circuits ($1.54B). Over the past 5 years the exports of Germany to Hungary have increased at an annualized rate of 41.9%, from $4.7B in 2017 to $27B in 2022.

In 2020, Germany exported services to Hungary worth $1.8B, with Other business services ($998M), Transportation ($371M), and Computer and information services ($334M) being the largest in terms of value.

Hungary-Germany Trade: In 2022, Hungary exported $30.4B to Germany. The main products that Hungary exported to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.81B), Cars ($2.8B), and Electric Batteries ($2.7B). Over the past 5 years the exports of Hungary to Germany have increased at an annualized rate of 49.1%,  from $4.13B in 2017 to $30.4B in 2022.

In 2020, Hungary exported services to Germany worth $3.58B, with Other business services ($1.35B), Transportation ($885M), and Computer and information services ($562M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). 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, Germany exported $27B to Hungary. The main products exported from Germany to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($2.65B), Planes, Helicopters, and/or Spacecraft ($1.98B), and Integrated Circuits ($1.54B). During the last 5 years the exports of Germany to Hungary have increased at an annualized rate of 41.9%, from $4.7B in 2017 to $27B in 2022.

In 2017, Hungary exported $30.4B to Germany. The main products exported from Hungary to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.81B), Cars ($2.8B), and Electric Batteries ($2.7B). During the last 22 years the exports of Hungary to Germany have increased at an annualized rate of 49.1%, from $4.13B in 1995 to $30.4B in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Hungary
Top Destination
Germany$35.5B

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 2022, countries that imported more from Germany than Hungary included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Hungary than Germany included North Korea ($1k).

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

Comparative Advantage Germany - Hungary

Flow
Scale

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

During 2022, Germany had a large net trade with Hungary in the exports of Machines ($12.8B), Transportation ($6.52B), and Metals ($3.1B).

During 2017, Hungary had a large net trade with Germany in the exports of Machines ($18.4B), Transportation ($6.6B), and Metals ($1.75B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Hungary+$225MCars
Top Product Potential Hungary Germany+$373MCars

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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Bilateral Service Trade

In 2020, Germany exported services to Hungary worth $1.8B, with Other business services ($998M), Transportation ($371M), and Computer and information services ($334M) being the largest in terms of value.

In 2020, Hungary exported services to Germany worth $3.58B, with Other business services ($1.35B), Transportation ($885M), and Computer and information services ($562M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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