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
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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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$
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2022
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GDP PC
$49,583CURRENT US$
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2012-2022
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11%CURRENT US$
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About

Hungary-Belgium In 2022, Hungary exported $3.16B to Belgium. The main products that Hungary exported to Belgium are Electric Batteries ($748M), Cars ($280M), and Electric Motors ($224M). During the last 23 years the exports of Hungary to Belgium have increased at an annualized rate of 5.92%, from $842M in 1999 to $3.16B in 2022.

In 2020, Hungary exported services to Belgium worth $413M, with Other business services ($235M), Transportation ($84.8M), and Computer and information services ($41.7M) being the largest in terms of value.

Belgium-Hungary In 2022, Belgium exported $2.73B to Hungary. The main products that Belgium exported to Hungary were Packaged Medicaments ($317M), Amine Compounds ($158M), and Vaccines, blood, antisera, toxins and cultures ($154M). During the last 23 years the exports of Belgium to Hungary have increased at an annualized rate of 5.07%, from $876M in 1999 to $2.73B in 2022.

In 2020, Belgium exported services to Hungary worth $690M, with Other business services ($477M), Computer and information services ($121M), and Transportation ($43.4M) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $3.16B to Belgium. The main products exported from Hungary to Belgium were Electric Batteries ($748M), Cars ($280M), and Electric Motors ($224M). During the last 23 years the exports of Hungary to Belgium have increased at an annualized rate of 5.92%, from $842M in 1999 to $3.16B in 2022.

In 2022, Belgium exported $2.73B to Hungary. The main products exported from Belgium to Hungary were Packaged Medicaments ($317M), Amine Compounds ($158M), and Vaccines, blood, antisera, toxins and cultures ($154M). During the last 23 years the exports of Belgium to Hungary have increased at an annualized rate of 5.07%, from $876M in 1999 to $2.73B in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Belgium (Flag)

Hungary Exports

Belgium Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from Hungary than Belgium were Slovakia ($6.78B), Romania ($7.94B), and Serbia ($3.42B).

In 2021, countries that imported more from Belgium than Hungary were France ($71.1B), Netherlands ($65.7B), and Germany ($91.9B).

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

Comparative Advantage Hungary - Belgium

Flow
Scale

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

During 2022, Hungary had a large net trade with Belgium in the exports of Machines ($1.66B), Transportation ($608M), and Chemical Products ($197M).

During 2022, Belgium had a large net trade with Hungary in the exports of Chemical Products ($896M), Machines ($413M), and Plastics and Rubbers ($309M).

Service Trade

Bilateral Service Trade

In 2020, Hungary exported services to Belgium worth $413M, with Other business services ($235M), Transportation ($84.8M), and Computer and information services ($41.7M) being the largest in terms of value.

In 2020, Belgium exported services to Hungary worth $690M, with Other business services ($477M), Computer and information services ($121M), and Transportation ($43.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Belgium (Flag) to Hungary (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 Hungary has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Hungary.

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

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