Hungary / Portugal

Hungary-Portugal Trade: In 2022, Hungary exported $730M to Portugal. The main products that Hungary exported to Portugal were Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). Over the past 5 years the exports of Hungary to Portugal have increased at an annualized rate of 8.96%, from $475M in 2017 to $730M in 2022.

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

Portugal-Hungary Trade: In 2022, Portugal exported $415M to Hungary. The main products that Portugal exported to Hungary were Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). Over the past 5 years the exports of Portugal to Hungary have increased at an annualized rate of 10.5%,  from $252M in 2017 to $415M in 2022.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).