Hungary / South Africa

Hungary-South Africa Trade: In 2022, Hungary exported $332M to South Africa. The main products that Hungary exported to South Africa were Cars ($53.8M), Electric Generating Sets ($33.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($31.7M). Over the past 5 years the exports of Hungary to South Africa have increased at an annualized rate of 8.33%, from $223M in 2017 to $332M in 2022.

In 2020, Hungary exported services to South Africa worth $16.6M, with Royalties and license fees ($8.11M), Other business services ($4.68M), and Transportation ($2.86M) being the largest in terms of value.

South Africa-Hungary Trade: In 2022, South Africa exported $84.2M to Hungary. The main products that South Africa exported to Hungary were Delivery Trucks ($25.2M), Tanned Equine and Bovine Hides ($16.1M), and Raw Sugar ($14.3M). Over the past 5 years the exports of South Africa to Hungary have decreased at an annualized rate of 5.65%,  from $113M in 2017 to $84.2M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).