Hungary / Spain

Hungary-Spain Trade: In 2023, Hungary exported $3.76B to Spain. The main products that Hungary exported to Spain were Cars ($444M), Spark-Ignition Engines ($434M), and Motor vehicles; parts and accessories (8701 to 8705) ($338M). Over the past 5 years the exports of Hungary to Spain have increased at an annualized rate of 2.81%, from $3.27B in 2018 to $3.76B in 2023.

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 2023, Spain exported $2.23B to Hungary. The main products that Spain exported to Hungary were Cars ($230M), Motor vehicles; parts and accessories (8701 to 8705) ($150M), and Pig Meat ($136M). Over the past 5 years the exports of Spain to Hungary have increased at an annualized rate of 3.72%,  from $1.86B in 2018 to $2.23B in 2023.

In 2009, Spain exported services to Hungary worth $114M, with Services not allocated ($114M) 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).