Luxembourg / Hungary

Luxembourg-Hungary Trade: In 2022, Luxembourg exported $148M to Hungary. The main products that Luxembourg exported to Hungary were Iron Blocks ($11.5M), Raw Tin ($11.2M), and Coated Flat-Rolled Iron ($8.17M). Over the past 5 years the exports of Luxembourg to Hungary have increased at an annualized rate of 5.89%, from $111M in 2017 to $148M in 2022.

In 2020, Luxembourg exported services to Hungary worth $56M, with Other business services ($44.5M), Transportation ($9.14M), and Travel ($2.28M) being the largest in terms of value.

Hungary-Luxembourg Trade: In 2022, Hungary exported $254M to Luxembourg. The main products that Hungary exported to Luxembourg were Vegetable Parchment ($68.3M), Navigation Equipment ($54.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($40.5M). Over the past 5 years the exports of Hungary to Luxembourg have increased at an annualized rate of 22.1%,  from $93.3M in 2017 to $254M in 2022.

In 2020, Hungary exported services to Luxembourg worth $176M, with Other business services ($90.9M), Computer and information services ($42.6M), and Transportation ($19.2M) being the largest in terms of value.

Comparison In 2022,  Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index. That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).