Austria (AUT) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Austria-Hungary Trade: In 2023, Austria exported $8.42B to Hungary. The main products that Austria exported to Hungary were Refined Petroleum ($1.06B), Petroleum Gas ($687M), and Electricity ($580M). Over the past 5 years the exports of Austria to Hungary have increased at an annualized rate of 5.18%, from $6.54B in 2018 to $8.42B in 2023.

In 2020, Austria exported services to Hungary worth $1.62B, with Travel ($584M), Transportation ($384M), and Other business services ($348M) being the largest in terms of value.

Hungary-Austria Trade: In 2023, Hungary exported $5.53B to Austria. The main products that Hungary exported to Austria were Cars ($305M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Wheat ($156M). Over the past 5 years the exports of Hungary to Austria have increased at an annualized rate of 1.21%, from $5.21B in 2018 to $5.53B in 2023.

In 2020, Hungary exported services to Austria worth $1.72B, with Transportation ($715M), Travel ($604M), and Other business services ($260M) being the largest in terms of value.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $8.42B to Hungary. The main products exported from Austria to Hungary were Refined Petroleum ($1.06B), Petroleum Gas ($687M), and Electricity ($580M). During the last 5 years the exports of Austria to Hungary have increased at an annualized rate of 5.18%, from $6.54B in 2018 to $8.42B in 2023.

In 2018, Hungary exported $5.53B to Austria. The main products exported from Hungary to Austria were Cars ($305M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Wheat ($156M). During the last 5 years the exports of Hungary to Austria have increased at an annualized rate of 1.21%, from $5.21B in 2023 to $5.53B in 2018.

Exports from Austria () to Hungary () (2023)

Exports from Hungary () to Austria () (2023)

Latest Data

Trade between Austria () and Hungary ()

Austria Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Austria than Hungary included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

In 2023, countries that imported more from Hungary than Austria included Romania ($8.43B), Slovakia ($6.54B), and Ukraine ($1.65B).

Difference in imports from Hungary () and Austria () (2023)

Comparative Advantage Austria - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Hungary in the exports of Mineral Products ($2.41B), Machines ($1.48B), and Transportation ($1.1B).

During 2018, Hungary had a large net trade with Austria in the exports of Machines ($1.58B), Metals ($633M), and Transportation ($587M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Hungary+$110MCars

Top Product Potential Hungary Austria+$230MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Hun Year

Aut Year

In 2020, Austria exported services to Hungary worth $1.62B, with Travel ($584M), Transportation ($384M), and Other business services ($348M) being the largest in terms of value.

In 2020, Hungary exported services to Austria worth $1.72B, with Transportation ($715M), Travel ($604M), and Other business services ($260M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Hungary () (2020)

Services Exports from Hungary () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Hungary. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Austria.

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Hungary () (2023)

Exports from Hungary () to Austria () (2023)

Latest Data

Trade between Austria () and Hungary ()

Austria Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Austria () (2023)

Comparative Advantage Austria - Hungary

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Austria () to Hungary () (2020)

Services Exports from Hungary () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Austria () and Hungary () (2023)

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