Hungary / Norway

Hungary-Norway Trade: In 2023, Hungary exported $510M to Norway. The main products that Hungary exported to Norway were Video Displays ($66.2M), Computers ($53.6M), and Eyewear ($24.6M). Over the past 5 years the exports of Hungary to Norway have increased at an annualized rate of 7.32%, from $358M in 2018 to $510M in 2023.

In 2020, Hungary exported services to Norway worth $107M, with Computer and information services ($44.7M), Transportation ($24.3M), and Travel ($19.3M) being the largest in terms of value.

Norway-Hungary Trade: In 2023, Norway exported $197M to Hungary. The main products that Norway exported to Hungary were Raw Aluminium ($87.1M), Military Weapons ($46M), and Calculators ($11.5M). Over the past 5 years the exports of Norway to Hungary have increased at an annualized rate of 16.2%,  from $92.8M in 2018 to $197M in 2023.

In 2009, Norway exported services to Hungary worth $19.3M, with Travel ($8.15M), Communications services ($5.59M), and Other business services ($2.88M) 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).