2022
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GDP
$179BCURRENT US$
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38.8%CURRENT US$
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$25.5TCURRENT US$
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56.7%CURRENT US$
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$18,463CURRENT US$
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42.2%CURRENT US$
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$76,399CURRENT US$
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47.5%CURRENT US$
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About

Hungary-United States In 2022, Hungary exported $5.7B to United States. The main products that Hungary exported to United States are Cars ($1.03B), Electric Batteries ($419M), and Computers ($283M). During the last 27 years the exports of Hungary to United States have increased at an annualized rate of 9.34%, from $512M in 1995 to $5.7B in 2022.

In 2020, Hungary exported services to United States worth $1.72B, with Computer and information services ($427M), Royalties and license fees ($411M), and Other business services ($387M) being the largest in terms of value.

United States-Hungary In 2022, United States exported $2.79B to Hungary. The main products that United States exported to Hungary were Office Machine Parts ($454M), Gas Turbines ($391M), and Broadcasting Equipment ($224M). During the last 27 years the exports of United States to Hungary have increased at an annualized rate of 7.14%, from $433M in 1995 to $2.79B in 2022.

In 2017, United States exported services to Hungary worth $1.16B, with Royalties and license fees ($368M), Travel ($299M), and Other business services ($195M) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $5.7B to United States. The main products exported from Hungary to United States were Cars ($1.03B), Electric Batteries ($419M), and Computers ($283M). During the last 27 years the exports of Hungary to United States have increased at an annualized rate of 9.34%, from $512M in 1995 to $5.7B in 2022.

In 2022, United States exported $2.79B to Hungary. The main products exported from United States to Hungary were Office Machine Parts ($454M), Gas Turbines ($391M), and Broadcasting Equipment ($224M). During the last 27 years the exports of United States to Hungary have increased at an annualized rate of 7.14%, from $433M in 1995 to $2.79B in 2022.

Exports from Hungary (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and United States (Flag)

Hungary Exports

United States Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
United States
Top Destination
Canada$308B

This map shows whether countries import more from Hungary or United States. Each country is colored based on the difference in imports they receive from Hungary and United States or the difference in the growth in imports.

In 2021, countries that imported more from Hungary than United States were Romania ($7.94B), Slovakia ($6.78B), and Serbia ($3.42B).

In 2021, countries that imported more from United States than Hungary were Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - United States

Flow
Scale

This chart compares trade between Hungary and United States by product, considering products traded by both, Hungary and United States.

During 2022, Hungary had a large net trade with United States in the exports of Machines ($2.71B), Transportation ($1.32B), and Plastics and Rubbers ($339M).

During 2022, United States had a large net trade with Hungary in the exports of Machines ($1.81B), Chemical Products ($219M), and Transportation ($168M).

Service Trade

Bilateral Service Trade

In 2020, Hungary exported services to United States worth $1.72B, with Computer and information services ($427M), Royalties and license fees ($411M), and Other business services ($387M) being the largest in terms of value.

In 2017, United States exported services to Hungary worth $1.16B, with Royalties and license fees ($368M), Travel ($299M), and Other business services ($195M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to United States (Flag) (2020)

Services Exports from United States (Flag) to Hungary (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Hungary.

Product Space of Hungary (Flag) and United States (Flag) (2022)

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