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ExportsArmenia-Hungary Trade: In 2022, Armenia exported $728k to Hungary. The main products that Armenia exported to Hungary were Hard Liquor ($202k), Light Rubberized Knitted Fabric ($152k), and Other Measuring Instruments ($56.2k). Over the past 5 years the exports of Armenia to Hungary have decreased at an annualized rate of 20%, from $2.23M in 2017 to $728k in 2022.
In 2022, Armenia did not export any services to Hungary.
Hungary-Armenia Trade: In 2022, Hungary exported $31.7M to Armenia. The main products that Hungary exported to Armenia were Packaged Medicaments ($8.73M), Cars ($2.62M), and Optical Fibers and optical fibre bundles ($2.26M). Over the past 5 years the exports of Hungary to Armenia have increased at an annualized rate of 10.9%, from $17M in 2017 to $31.7M in 2022.
In 2022, Hungary did not export any services to Armenia.
Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).
