Overview In April 2023, Norway exported NOK681M and imported NOK353M from Hungary, resulting in a positive trade balance of NOK328M. Between April 2022 and April 2023 the exports of Norway have increased by NOK566M (492%) from NOK115M to NOK681M, while imports increased by NOK12.9M (3.8%) from NOK340M to NOK353M.
Trade In April 2023, the top exports of Norway to Hungary were Non-ferrous metals (NOK38.2M), Inorganic chemicals (NOK17.8M), Telecommunications and sound-recording and reproducing apparatus... (NOK11.9M), Plastics in primary forms (NOK4.99M), and Miscellaneous manufactured articles, n.e.s. (NOK4.03M). In April 2023 the top imports of Norway from Hungary were Telecommunications and sound-recording and reproducing apparatus... (NOK95.8M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK39.2M), Road vehicles (including air-cushion vehicles) (NOK24.8M), Feeding stuff for animals (not including... (NOK20.4M), and Photographic apparatus, equipment and supplies and... (NOK16.8M).
Growth In April 2023, the increase in Norway's year-by-year exports to Hungary was explained primarily by an increase in product exports in Non-ferrous metals (NOK24.3M or 175%), Plastics in primary forms (NOK4.48M or 879%), and Miscellaneous manufactured articles, n.e.s. (NOK3.86M or 2.2k%). In April 2023, the increase in Norway's year-by-year imports from Hungary was explained primarily by an increase in product imports in Telecommunications and sound-recording and reproducing apparatus... (NOK25.9M or 37%), Road vehicles (including air-cushion vehicles) (NOK17.1M or 223%), and Manufactures of metals, n.e.s. (NOK8.15M or 110%).