Hungary / Spain

Hungary-Spain Trade: In 2022, Hungary exported $3.94B to Spain. The main products that Hungary exported to Spain were Spark-Ignition Engines ($675M), Cars ($454M), and Motor vehicles; parts and accessories (8701 to 8705) ($321M). Over the past 5 years the exports of Hungary to Spain have increased at an annualized rate of 3.71%, from $3.28B in 2017 to $3.94B in 2022.

In 2020, Hungary exported services to Spain worth $266M, with Transportation ($72.1M), Royalties and license fees ($66.7M), and Other business services ($44.8M) being the largest in terms of value.

Spain-Hungary Trade: In 2022, Spain exported $2.17B to Hungary. The main products that Spain exported to Hungary were Cars ($294M), Motor vehicles; parts and accessories (8701 to 8705) ($126M), and Pig Meat ($101M). Over the past 5 years the exports of Spain to Hungary have increased at an annualized rate of 2.95%,  from $1.88B in 2017 to $2.17B in 2022.

In 2009, Spain exported services to Hungary worth $114M, with Services not allocated ($114M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).