Hungary / Ireland

Hungary-Ireland Trade: In 2023, Hungary exported $1.14B to Ireland. The main products that Hungary exported to Ireland were Computers ($577M), Electric Generating Sets ($103M), and Gas Turbines ($103M). Over the past 5 years the exports of Hungary to Ireland have increased at an annualized rate of 20.9%, from $439M in 2018 to $1.14B in 2023.

In 2020, Hungary exported services to Ireland worth $513M, with Computer and information services ($216M), Other business services ($194M), and Transportation ($66.8M) being the largest in terms of value.

Ireland-Hungary Trade: In 2023, Ireland exported $1.01B to Hungary. The main products that Ireland exported to Hungary were Broadcasting Equipment ($193M), Packaged Medicaments ($142M), and Vaccines, blood, antisera, toxins and cultures ($134M). Over the past 5 years the exports of Ireland to Hungary have increased at an annualized rate of 12.6%,  from $561M in 2018 to $1.01B in 2023.

In 2020, Ireland exported services to Hungary worth $210M, with Other business services ($180M), Insurance services ($17.1M), and Transportation ($8M) 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).