2022
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GDP
$179BCURRENT US$
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GDP GROWTH
38.8%CURRENT US$
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$1.4TCURRENT US$
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5.49%CURRENT US$
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$18,463CURRENT US$
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42.2%CURRENT US$
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$29,350CURRENT US$
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3.63%CURRENT US$
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About

Hungary-Spain In 2022, Hungary exported $3.94B to Spain. The main products that Hungary exported to Spain are Spark-Ignition Engines ($675M), Cars ($454M), and Motor vehicles; parts and accessories (8701 to 8705) ($321M). During the last 27 years the exports of Hungary to Spain have increased at an annualized rate of 8.89%, from $395M in 1995 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 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). During the last 27 years the exports of Spain to Hungary have increased at an annualized rate of 9.05%, from $210M in 1995 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 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $3.94B to Spain. The main products exported from Hungary to Spain were Spark-Ignition Engines ($675M), Cars ($454M), and Motor vehicles; parts and accessories (8701 to 8705) ($321M). During the last 27 years the exports of Hungary to Spain have increased at an annualized rate of 8.89%, from $395M in 1995 to $3.94B in 2022.

In 2022, Spain exported $2.17B to Hungary. The main products exported from Spain to Hungary were Cars ($294M), Motor vehicles; parts and accessories (8701 to 8705) ($126M), and Pig Meat ($101M). During the last 27 years the exports of Spain to Hungary have increased at an annualized rate of 9.05%, from $210M in 1995 to $2.17B in 2022.

Exports from Hungary (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and Spain (Flag)

Hungary Exports

Spain Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Spain
Top Destination
France$65.2B

This map shows whether countries import more from Hungary or Spain. Each country is colored based on the difference in imports they receive from Hungary and Spain or the difference in the growth in imports.

In 2021, countries that imported more from Hungary than Spain were Slovakia ($6.78B), Romania ($7.94B), and Austria ($6.32B).

In 2021, countries that imported more from Spain than Hungary were France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

Difference in imports from Spain (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - Spain

Flow
Scale

This chart compares trade between Hungary and Spain by product, considering products traded by both, Hungary and Spain.

During 2022, Hungary had a large net trade with Spain in the exports of Machines ($2.01B), Transportation ($789M), and Chemical Products ($374M).

During 2022, Spain had a large net trade with Hungary in the exports of Transportation ($567M), Machines ($396M), and Chemical Products ($213M).

Service Trade

Bilateral Service Trade

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.

In 2009, Spain exported services to Hungary worth $114M, with Services not allocated ($114M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Spain (Flag) (2020)

Services Exports from Spain (Flag) to Hungary (Flag) (2009)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Hungary.

Product Space of Hungary (Flag) and Spain (Flag) (2022)

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