Hungary / Germany

Hungary-Germany Trade: In 2023, Hungary exported $37.4B to Germany. The main products that Hungary exported to Germany were Electric Batteries ($4.39B), Motor vehicles; parts and accessories (8701 to 8705) ($3.31B), and Cars ($2.63B). Over the past 5 years the exports of Hungary to Germany have increased at an annualized rate of 3.69%, from $31.2B in 2018 to $37.4B in 2023.

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 2023, Germany exported $32.8B to Hungary. The main products that Germany exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($3.27B), Planes, Helicopters, and/or Spacecraft ($1.87B), and Integrated Circuits ($1.71B). Over the past 5 years the exports of Germany to Hungary have increased at an annualized rate of 2.74%,  from $28.7B in 2018 to $32.8B in 2023.

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 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).