Flag Hungary / United Kingdom Flag

2019
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Exports
: $3.99B, Rnk 10 / 205

2019
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Top Product
: $284M, Vehicle Parts

2019
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Exports
: $1.74B, Rnk 40 / 221

2019
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Top Product
: $167M, Cars

2019
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Economic Complexity (ECI)
: ECI 1.46, Rnk 14 / 146

2019
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Economic Complexity (ECI)
: ECI 1.46, Rnk 13 / 146

2019
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GDP
: $163B, CURRENT US$
Rnk 55 / 187

2009-2019
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GDP GROWTH
: 25%, CURRENT US$
Rnk 140 / 187

2019
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 GDP
: $2.83T, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP GROWTH
: 17.3%, CURRENT US$
Rnk 152 / 187

2019
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GDP PC 
: $16,732, CURRENT US$
Rnk 54 / 187

2009-2019
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GDP PC GROWTH
: 28.2%, CURRENT US$
Rnk 96 / 187

2019
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GDP PC
: $42,330, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP PC GROWTH
: 9.34%, CURRENT US$
Rnk 143 / 187

Hungary-United Kingdom: In 2019, Hungary exported $3.99B to United Kingdom. The main products that Hungary exported to United Kingdom are Vehicle Parts ($284M), Video Displays ($250M), and Computers ($191M). During the last 24 years the exports of Hungary to United Kingdom have increased at an annualized rate of 8.62%, from $549M in 1995 to $3.99B in 2019.

In 2016, Hungary exported services to United Kingdom worth $1.75B, with Other business services ($609M), Transportation ($538M), and Travel ($237M) being the largest in terms of value.

United Kingdom-Hungary: In 2019, United Kingdom exported $1.74B to Hungary . The main products that United Kingdom exported to Hungary were Cars ($167M), Packaged Medicaments ($98.3M), and Integrated Circuits ($62.1M). During the last 24 years the exports of United Kingdom to Hungary have increased at an annualized rate of 5.53%, from $479M in 1995 to $1.74B in 2019.

In 2016, United Kingdom exported services to Hungary worth $240M, with Travel ($165M), Transportation ($47.3M), and Government services, n.i.e. ($28.3M) being the largest in terms of value.

Comparison: In 2019,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.46), and 33 in total exports ($121B). That same year, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.46), and 10 in total exports ($446B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, Hungary exported $3.99B to United Kingdom. The main products exported from Hungary to United Kingdom were Vehicle Parts ($284M), Video Displays ($250M), and Computers ($191M). During the last 24 years the exports of Hungary to United Kingdom have increased at an annualized rate of 8.62%, from $549M in 1995 to $3.99B in 2019.

In 2019, United Kingdom exported $1.74B to Hungary. The main products exported from United Kingdom to Hungary were Cars ($167M), Packaged Medicaments ($98.3M), and Integrated Circuits ($62.1M). During the last 24 years the exports of United Kingdom to Hungary have increased at an annualized rate of 5.53%, from $479M in 1995 to $1.74B in 2019.

Market Competitiveness

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Measure

Hungary
Top Destination
: Germany, $32.6B

United Kingdom
Top Destination
: United States, $64.7B

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

In 2019, countries that imported more from Hungary than United Kingdom were Romania ($6.21B), Slovakia ($5.88B), and Austria ($5.33B).

In 2019, countries that imported more from United Kingdom than Hungary were United States ($64.7B), China ($29.8B), and Ireland ($26.9B).

Comparative Advantage Hungary - United Kingdom

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Depth

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

During 2019, Hungary had a large net trade with United Kingdom in the exports of Machines ($1.61B), Transportation ($518M), and Chemical Products ($488M).

During 2019, United Kingdom had a large net trade with Hungary in the exports of Machines ($552M), Chemical Products ($349M), and Transportation ($214M).

Bilateral Service Trade

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In 2016, Hungary exported services to United Kingdom worth $1.75B, with Other business services ($609M), Transportation ($538M), and Travel ($237M) being the largest in terms of value.

In 2016, United Kingdom exported services to Hungary worth $240M, with Travel ($165M), Transportation ($47.3M), and Government services, n.i.e. ($28.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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