Hungary / Singapore

Hungary-Singapore Trade: In 2022, Hungary exported $319M to Singapore. The main products that Hungary exported to Singapore were Vaccines, blood, antisera, toxins and cultures ($27M), Electrical Transformers ($25.9M), and Medical Instruments ($22M). Over the past 5 years the exports of Hungary to Singapore have increased at an annualized rate of 2.46%, from $283M in 2017 to $319M in 2022.

In 2020, Hungary exported services to Singapore worth $101M, with Other business services ($46.8M), Computer and information services ($41.1M), and Transportation ($8.57M) being the largest in terms of value.

Singapore-Hungary Trade: In 2022, Singapore exported $676M to Hungary. The main products that Singapore exported to Hungary were Glands and Other Organs ($250M), Integrated Circuits ($117M), and Office Machine Parts ($74.1M). Over the past 5 years the exports of Singapore to Hungary have increased at an annualized rate of 7.88%,  from $463M in 2017 to $676M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).