NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $1.01BRnk 23 / 211
2023
Flag → Flag
Top Product $193MBroadcasting Equipment
2023
Flag → Flag
Exports $1.14BRnk 26 / 201
2023
Flag → Flag
Top Product $577MComputers
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Ireland-Hungary Trade: In 2023, Ireland exported $1.01B to Hungary. The main products that Ireland exported to Hungary were Broadcasting Equipment ($193M), Packaged Medicaments ($142M), and Vaccines, blood, antisera, toxins and cultures ($134M). Over the past 5 years the exports of Ireland to Hungary have increased at an annualized rate of 12.6%, from $561M in 2018 to $1.01B in 2023.

In 2020, Ireland exported services to Hungary worth $210M, with Other business services ($180M), Insurance services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Hungary-Ireland Trade: In 2023, Hungary exported $1.14B to Ireland. The main products that Hungary exported to Ireland were Computers ($577M), Electric Generating Sets ($103M), and Gas Turbines ($103M). Over the past 5 years the exports of Hungary to Ireland have increased at an annualized rate of 20.9%,  from $439M in 2018 to $1.14B in 2023.

In 2020, Hungary exported services to Ireland worth $513M, with Computer and information services ($216M), Other business services ($194M), and Transportation ($66.8M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €62.6M and imported €76M from Hungary, resulting in a negative trade balance of €13.4M. Between November 2023 and November 2024 the exports of Ireland have increased by €15.3M (32.4%) from €47.3M to €62.6M, while imports decreased by €-7.91M (-9.42%) from €83.9M to €76M.

Trade In November 2024, the top exports of Ireland to Hungary were Medicinal and pharmaceutical products (€43.6M), Essential oils, perfume materials, toilet preparations... (€2.66M), Chemical materials and products, n.e.s. (€2.48M), Machinery specialised for particular industries (€2.36M), and Miscellaneous manufactured articles, n.e.s. (€1.91M). In November 2024 the top imports of Ireland from Hungary were Office machines and automatic data processing... (€28.7M), Power generating machinery and equipment (€4.2M), Photographic apparatus, optical goods, watches and... (€3.55M), Machinery specialised for particular industries (€3.4M), and Medicinal and pharmaceutical products (€2.42M).

Growth In November 2024, the increase in Ireland's year-by-year exports to Hungary was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€14.8M or 51.2%), Chemical materials and products, n.e.s. (€2.31M or 1.3k%), and Plastics in primary forms (€775k or 923%). In November 2024, the decrease in Ireland's year-by-year imports  from Hungary was explained primarily by an decrease in product imports  in Organic chemicals (€-933k or -78.1%), Rubber manufactures, n.e.s. (€-456k or -73.7%), and Telecommunications and sound recording, reproducing equipment (€-455k or -35.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€15.3M(32.4%)
IMPORT GROWTH (November 2023 - November 2024)€-7.91M(-9.42%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Hungary and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $1.01B to Hungary. The main products exported from Ireland to Hungary were Broadcasting Equipment ($193M), Packaged Medicaments ($142M), and Vaccines, blood, antisera, toxins and cultures ($134M). During the last 5 years the exports of Ireland to Hungary have increased at an annualized rate of 12.6%, from $561M in 2018 to $1.01B in 2023.

In 2018, Hungary exported $1.14B to Ireland. The main products exported from Hungary to Ireland were Computers ($577M), Electric Generating Sets ($103M), and Gas Turbines ($103M). During the last 5 years the exports of Hungary to Ireland have increased at an annualized rate of 20.9%, from $439M in 2023 to $1.14B in 2018.

Exports from Ireland (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Ireland than Hungary included United States ($67.4B), Belgium ($18.7B), and China ($18B).

In 2023, countries that imported more from Hungary than Ireland included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

Difference in imports from Hungary (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - Hungary

Flow
Scale

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

During 2023, Ireland had a large net trade with Hungary in the exports of Machines ($504M), Chemical Products ($388M), and Instruments ($31.4M).

During 2018, Hungary had a large net trade with Ireland in the exports of Machines ($930M), Chemical Products ($71.1M), and Transportation ($33.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Hungary+$53.4MPackaged Medicaments
Top Product Potential Hungary Ireland+$34MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Ireland exported services to Hungary worth $210M, with Other business services ($180M), Insurance services ($17.1M), and Transportation ($8M) being the largest in terms of value.

In 2020, Hungary exported services to Ireland worth $513M, with Computer and information services ($216M), Other business services ($194M), and Transportation ($66.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Hungary (Flag) (2020)

Services Exports from Hungary (Flag) to Ireland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Hungary (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms