Italy-Hungary Trade: In 2022, Italy exported $6.58B to Hungary. The main products that Italy exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($273M), Raw Aluminium ($182M), and Packaged Medicaments ($158M). Over the past 5 years the exports of Italy to Hungary have increased at an annualized rate of 4.9%, from $5.18B in 2017 to $6.58B in 2022.
In 2020, Italy exported services to Hungary worth $330M, with Transportation ($106M), Travel ($79.6M), and Computer and information services ($49.1M) being the largest in terms of value.
Hungary-Italy Trade: In 2022, Hungary exported $8.02B to Italy. The main products that Hungary exported to Italy were Cars ($726M), Electric Batteries ($595M), and Corn ($333M). Over the past 5 years the exports of Hungary to Italy have increased at an annualized rate of 5.41%, from $5.85B in 2017 to $8.02B in 2022.
In 2020, Hungary exported services to Italy worth $470M, with Transportation ($152M), Other business services ($108M), and Travel ($98.2M) being the largest in terms of value.
Comparison: In 2022, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).