Hungary / Canada

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.

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.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).