Hungary / Canada

Hungary-Canada Trade: In 2023, Hungary exported $744M to Canada. The main products that Hungary exported to Canada were Cars ($182M), Harvesting Machinery ($33M), and Centrifuges ($31.7M). Over the past 5 years the exports of Hungary to Canada have increased at an annualized rate of 4.79%, from $588M in 2018 to $744M in 2023.

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 2023, Canada exported $108M to Hungary. The main products that Canada exported to Hungary were Gas Turbines ($16.7M), Scrap Aluminium ($12.7M), and Other Printed Material ($9.73M). Over the past 5 years the exports of Canada to Hungary have increased at an annualized rate of 2.28%,  from $96.9M in 2018 to $108M in 2023.

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 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).