Hungary / Germany

Hungary-Germany Trade: In 2022, Hungary exported $35.5B to Germany. The main products that Hungary exported to Germany were Motor vehicles; parts and accessories (8701 to 8705) ($2.81B), Cars ($2.8B), and Electric Batteries ($2.7B). Over the past 5 years the exports of Hungary to Germany have increased at an annualized rate of 3.18%, from $30.4B in 2017 to $35.5B in 2022.

In 2020, Hungary exported services to Germany worth $3.58B, with Other business services ($1.35B), Transportation ($885M), and Computer and information services ($562M) being the largest in terms of value.

Germany-Hungary Trade: In 2022, Germany exported $32.5B to Hungary. The main products that Germany exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($2.65B), Planes, Helicopters, and/or Spacecraft ($1.98B), and Integrated Circuits ($1.54B). Over the past 5 years the exports of Germany to Hungary have increased at an annualized rate of 2.34%,  from $27B in 2017 to $32.5B in 2022.

In 2020, Germany exported services to Hungary worth $1.8B, with Other business services ($998M), Transportation ($371M), and Computer and information services ($334M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).