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$25.5TCURRENT US$
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56.7%CURRENT US$
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$179BCURRENT US$
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38.8%CURRENT US$
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$76,399CURRENT US$
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47.5%CURRENT US$
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$18,463CURRENT US$
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About

United States-Hungary In 2022, United States exported $2.79B to Hungary. The main products that United States exported to Hungary are Office Machine Parts ($454M), Gas Turbines ($391M), and Broadcasting Equipment ($224M). During the last 27 years the exports of United States to Hungary have increased at an annualized rate of 7.14%, from $433M in 1995 to $2.79B in 2022.

In 2017, United States exported services to Hungary worth $1.16B, with Royalties and license fees ($368M), Travel ($299M), and Other business services ($195M) being the largest in terms of value.

Hungary-United States In 2022, Hungary exported $5.7B to United States. The main products that Hungary exported to United States were Cars ($1.03B), Electric Batteries ($419M), and Computers ($283M). During the last 27 years the exports of Hungary to United States have increased at an annualized rate of 9.34%, from $512M in 1995 to $5.7B in 2022.

In 2020, Hungary exported services to United States worth $1.72B, with Computer and information services ($427M), Royalties and license fees ($411M), and Other business services ($387M) being the largest in terms of value.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

COMPANIES In 2023, leading companies such as ROBERT BOSCH LLC (1.1k), HANKOOK TIRE AMERICA CORP (189), and ZF FRIEDRICHSHAFEN AG (47) were at the forefront of exporting goods from Hungary to the United States. Conversely, ROBERT BOSCH ELEKTRONIKA KFT 10124 (471), ROBERT BOSCH AUTOMOTIVE STEERING KF (374), and HANKOOK TIRE MAGYARORSZAG KFT. (101) were notable for importing Hungary products to the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $2.79B to Hungary. The main products exported from United States to Hungary were Office Machine Parts ($454M), Gas Turbines ($391M), and Broadcasting Equipment ($224M). During the last 27 years the exports of United States to Hungary have increased at an annualized rate of 7.14%, from $433M in 1995 to $2.79B in 2022.

In 2022, Hungary exported $5.7B to United States. The main products exported from Hungary to United States were Cars ($1.03B), Electric Batteries ($419M), and Computers ($283M). During the last 27 years the exports of Hungary to United States have increased at an annualized rate of 9.34%, from $512M in 1995 to $5.7B in 2022.

Exports from United States (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Hungary
Top Destination
Germany$35.5B

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

In 2021, countries that imported more from United States than Hungary were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Hungary than United States were Romania ($7.94B), Slovakia ($6.78B), and Serbia ($3.42B).

Difference in imports from Hungary (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Hungary

Flow
Scale

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

During 2022, United States had a large net trade with Hungary in the exports of Machines ($1.81B), Chemical Products ($219M), and Transportation ($168M).

During 2022, Hungary had a large net trade with United States in the exports of Machines ($2.71B), Transportation ($1.32B), and Plastics and Rubbers ($339M).

Service Trade

Bilateral Service Trade

In 2017, United States exported services to Hungary worth $1.16B, with Royalties and license fees ($368M), Travel ($299M), and Other business services ($195M) being the largest in terms of value.

In 2020, Hungary exported services to United States worth $1.72B, with Computer and information services ($427M), Royalties and license fees ($411M), and Other business services ($387M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Hungary (Flag) (2017)

Services Exports from Hungary (Flag) to United States (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over United States.

Product Space of United States (Flag) and Hungary (Flag) (2022)

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