Hungary / Sweden

Hungary-Sweden Trade: In 2023, Hungary exported $1.92B to Sweden. The main products that Hungary exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($284M), Computers ($237M), and Video Displays ($122M). Over the past 5 years the exports of Hungary to Sweden have increased at an annualized rate of 1.19%, from $1.81B in 2018 to $1.92B in 2023.

In 2020, Hungary exported services to Sweden worth $359M, with Other business services ($187M), Computer and information services ($67.7M), and Transportation ($62.2M) being the largest in terms of value.

Sweden-Hungary Trade: In 2023, Sweden exported $899M to Hungary. The main products that Sweden exported to Hungary were Packaged Medicaments ($121M), Cars ($111M), and Sulfate Chemical Woodpulp ($31.1M). Over the past 5 years the exports of Sweden to Hungary have decreased at an annualized rate of 0.35%,  from $915M in 2018 to $899M in 2023.

In 2020, Sweden exported services to Hungary worth $162M, with Other business services ($49.5M), Transportation ($29.1M), and Computer and information services ($28.2M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).