2022
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GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH
15.5%CURRENT US$
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2022
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 GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Germany-Hungary In 2022, Germany exported $32.5B to Hungary. The main products that Germany exported to Hungary are 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 27 years the exports of Germany to Hungary have increased at an annualized rate of 7.42%, from $4.7B in 1995 to $32.5B 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 In 2022, Hungary exported $35.5B 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). During the last 27 years the exports of Hungary to Germany have increased at an annualized rate of 8.3%, from $4.13B in 1995 to $35.5B 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 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $32.5B 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 27 years the exports of Germany to Hungary have increased at an annualized rate of 7.42%, from $4.7B in 1995 to $32.5B in 2022.

In 2022, Hungary exported $35.5B 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 27 years the exports of Hungary to Germany have increased at an annualized rate of 8.3%, from $4.13B in 1995 to $35.5B in 2022.

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 2021, countries that imported more from Germany than Hungary were United States ($153B), France ($120B), and China ($109B).

In 2021, countries that imported more from Hungary than Germany were 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 2022, Hungary had a large net trade with Germany in the exports of Machines ($18.4B), Transportation ($6.6B), and Metals ($1.75B).

Service Trade

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)

Economic Complexity

Competitive Landscape

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 Germany has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Germany.

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

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