Singapore / Hungary

Singapore-Hungary Trade: In 2023, Singapore exported $710M to Hungary. The main products that Singapore exported to Hungary were Glands and Other Organs ($285M), Integrated Circuits ($98.7M), and Office Machine Parts ($73.8M). Over the past 5 years the exports of Singapore to Hungary have increased at an annualized rate of 9.39%, from $453M in 2018 to $710M in 2023.

In 2023, Singapore did not export any services to Hungary.

Hungary-Singapore Trade: In 2023, Hungary exported $389M to Singapore. The main products that Hungary exported to Singapore were Semiconductor Devices ($57.2M), Gas Turbines ($43.3M), and Vaccines, blood, antisera, toxins and cultures ($36M). Over the past 5 years the exports of Hungary to Singapore have increased at an annualized rate of 5.82%,  from $293M in 2018 to $389M in 2023.

In 2020, Hungary exported services to Singapore worth $101M, with Other business services ($46.8M), Computer and information services ($41.1M), and Transportation ($8.57M) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).