Hungary / South Korea

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).