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2022
Flag → Flag
Exports $5.7BRnk 9 / 205
2022
Flag → Flag
Top Product $1.03BCars
2022
Flag → Flag
Exports $2.79BRnk 62 / 219
2022
Flag → Flag
Top Product $454MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Hungary-United States Trade: In 2022, Hungary exported $5.7B to United States. The main products that Hungary exported to United States were Cars ($1.03B), Electric Batteries ($419M), and Computers ($283M). Over the past 5 years the exports of Hungary to United States have increased at an annualized rate of 9.58%, from $3.61B in 2017 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 Trade: 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). Over the past 5 years the exports of United States to Hungary have increased at an annualized rate of 7%,  from $1.99B in 2017 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 5 years the exports of Hungary to United States have increased at an annualized rate of 9.58%, from $3.61B in 2017 to $5.7B in 2022.

In 2017, 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 5 years the exports of United States to Hungary have increased at an annualized rate of 7%, from $1.99B in 2022 to $2.79B in 2017.

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 DestinationGermany$35.5B
United States
Top DestinationCanada$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 2022, countries that imported more from Hungary than United States included Romania ($7.94B), Slovakia ($6.78B), and Serbia ($3.42B).

In 2022, countries that imported more from United States than Hungary included 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 2017, United States had a large net trade with Hungary in the exports of Machines ($1.81B), Chemical Products ($219M), and Transportation ($168M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary United States+$771MCars
Top Product Potential United States Hungary+$96.8MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hungary and United States. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Hungary.

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

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