Hungary (HUN) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Hungary-Australia Trade: In 2023, Hungary exported $703M to Australia. The main products that Hungary exported to Australia were Cars ($268M), Computers ($29M), and Pesticides ($26.2M). Over the past 5 years the exports of Hungary to Australia have increased at an annualized rate of 7.75%, from $484M in 2018 to $703M in 2023.

In 2020, Hungary exported services to Australia worth $34.5M, with Travel ($16M), Computer and information services ($7.31M), and Transportation ($4.68M) being the largest in terms of value.

Australia-Hungary Trade: In 2023, Australia exported $61.9M to Hungary. The main products that Australia exported to Hungary were Unpackaged Medicaments ($17.3M), Coal Briquettes ($12.2M), and Broadcasting Equipment ($9.4M). Over the past 5 years the exports of Australia to Hungary have increased at an annualized rate of 0.52%, from $60.3M in 2018 to $61.9M in 2023.

In 2023, Australia did not export any services to Hungary.

Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $703M to Australia. The main products exported from Hungary to Australia were Cars ($268M), Computers ($29M), and Pesticides ($26.2M). During the last 5 years the exports of Hungary to Australia have increased at an annualized rate of 7.75%, from $484M in 2018 to $703M in 2023.

In 2018, Australia exported $61.9M to Hungary. The main products exported from Australia to Hungary were Unpackaged Medicaments ($17.3M), Coal Briquettes ($12.2M), and Broadcasting Equipment ($9.4M). During the last 5 years the exports of Australia to Hungary have increased at an annualized rate of 0.52%, from $60.3M in 2023 to $61.9M in 2018.

Exports from Hungary () to Australia () (2023)

Exports from Australia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Australia ()

Hungary Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Hungary than Australia included Germany ($37.4B), Romania ($8.43B), and Italy ($9.08B).

In 2023, countries that imported more from Australia than Hungary included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Hungary () (2023)

Comparative Advantage Hungary - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Australia in the exports of Transportation ($309M), Machines ($206M), and Chemical Products ($63.2M).

During 2018, Australia had a large net trade with Hungary in the exports of Chemical Products ($25.4M), Machines ($18M), and Mineral Products ($12.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Australia+$78.9MCars

Top Product Potential Australia Hungary+$6.52MPackaged Medicaments

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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Australia () (2023)

Exports from Australia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Australia ()

Hungary Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Hungary () (2023)

Comparative Advantage Hungary - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Australia () (2023)

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