Hungary / Belgium

Hungary-Belgium Trade: In 2022, Hungary exported $3.16B to Belgium. The main products that Hungary exported to Belgium were Electric Batteries ($748M), Cars ($280M), and Electric Motors ($224M). Over the past 5 years the exports of Hungary to Belgium have increased at an annualized rate of 8.28%, from $2.13B in 2017 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 Trade: 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). Over the past 5 years the exports of Belgium to Hungary have increased at an annualized rate of 7.13%,  from $1.93B in 2017 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 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).