2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Hungary-South Korea Trade: In 2022, Hungary exported $579M to South Korea. The main products that Hungary exported to South Korea were Cars ($156M), Motor vehicles; parts and accessories (8701 to 8705) ($41.9M), and Computers ($40.5M). Over the past 5 years the exports of Hungary to South Korea have increased at an annualized rate of 93.4%, from $21.4M in 2017 to $579M in 2022.

In 2020, Hungary exported services to South Korea worth $155M, with Travel ($84.9M), Royalties and license fees ($42.9M), and Other business services ($12.9M) being the largest in terms of value.

South Korea-Hungary Trade: In 2022, South Korea exported $1.33B to Hungary. The main products that South Korea exported to Hungary were Industrial Fatty Acids, Oils and Alcohols ($773M), Machinery Having Individual Functions ($755M), and Electric Batteries ($369M). Over the past 5 years the exports of South Korea to Hungary have increased at an annualized rate of 46.6%,  from $197M in 2017 to $1.33B in 2022.

In 2022, South Korea did not export any services to Hungary.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $579M to South Korea. The main products exported from Hungary to South Korea were Cars ($156M), Motor vehicles; parts and accessories (8701 to 8705) ($41.9M), and Computers ($40.5M). During the last 5 years the exports of Hungary to South Korea have increased at an annualized rate of 93.4%, from $21.4M in 2017 to $579M in 2022.

In 2017, South Korea exported $1.33B to Hungary. The main products exported from South Korea to Hungary were Industrial Fatty Acids, Oils and Alcohols ($773M), Machinery Having Individual Functions ($755M), and Electric Batteries ($369M). During the last 22 years the exports of South Korea to Hungary have increased at an annualized rate of 46.6%, from $197M in 1995 to $1.33B in 2017.

Exports from Hungary (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and South Korea (Flag)

Hungary Exports

South Korea Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Hungary than South Korea included Germany ($35.5B), Romania ($7.94B), and Austria ($6.32B).

In 2022, countries that imported more from South Korea than Hungary included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - South Korea

Flow
Scale

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

During 2022, Hungary had a large net trade with South Korea in the exports of Machines ($275M), Transportation ($200M), and Chemical Products ($102M).

During 2017, South Korea had a large net trade with Hungary in the exports of Machines ($2.28B), Chemical Products ($1.38B), and Plastics and Rubbers ($522M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hungary and South Korea. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Hungary.

Product Space of Hungary (Flag) and South Korea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with