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2022
Flag → Flag
Exports $88.5MRnk 90 / 215
2022
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Top Product $20.4MScrap Aluminium
2022
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Exports $486MRnk 36 / 205
2022
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Top Product $85.7MCars
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Canada-Hungary In 2022, Canada exported $88.5M to Hungary. The main products that Canada exported to Hungary are Scrap Aluminium ($20.4M), Other Printed Material ($4.96M), and Machinery Having Individual Functions ($4.78M). During the last 27 years the exports of Canada to Hungary have increased at an annualized rate of 2.68%, from $43.4M in 1995 to $88.5M in 2022.

In 2020, Canada exported services to Hungary worth $5.22M, with Royalties and license fees ($2.98M), Communications services ($1.49M), and Computer and information services ($746k) being the largest in terms of value.

Hungary-Canada In 2022, Hungary exported $486M to Canada. The main products that Hungary exported to Canada were Cars ($85.7M), Computers ($22.4M), and Packaged Medicaments ($21.8M). During the last 27 years the exports of Hungary to Canada have increased at an annualized rate of 10.4%, from $33.3M in 1995 to $486M in 2022.

In 2020, Hungary exported services to Canada worth $39.2M, with Travel ($15.6M), Personal, cultural, and recreational services ($6.85M), and Other business services ($6.74M) being the largest in terms of value.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

February, 2024

About

Overview In February 2024, Canada exported C$12M and imported C$80M from Hungary, resulting in a negative trade balance of C$68M. Between February 2023 and February 2024 the exports of Canada have decreased by C$-271k (-2.2%) from C$12.3M to C$12M, while imports increased by C$18.9M (31%) from C$61.1M to C$80M.

Trade In February 2024, the top exports of Canada to Hungary were Machines and apparatus of a kind... (C$1.88M), Scrap Aluminium (C$1.47M), Animal Food (C$414k), Dried Legumes (C$218k), and Chemical Analysis Instruments (C$196k). In February 2024 the top imports of Canada from Hungary were Cars (C$7.59M), Packaged Medicaments (C$4.69M), Computers (C$3.18M), Electrical Transformers (C$2.39M), and Gas Turbines (C$2.23M).

Origins In February 2024 the exports of Canada were mainly from Ontario (C$9.34M), Quebec (C$1.31M), Manitoba (C$347k), Alberta (C$304k), and Nova Scotia (C$303k), while imports destinations were mainly Ontario (C$62.4M), Quebec (C$6.67M), Manitoba (C$5.7M), British Columbia (C$2.1M), and Alberta (C$1.48M).

Growth In February 2024, the decrease in Canada's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Centrifuges (C$-747k or -83.8%), Scrap Aluminium (C$-215k or -12.8%), and Oscilloscopes (C$-164k or -55.1%). In February 2024, the increase in Canada's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Gas Turbines (C$2.17M or 3.73k%), Electrical Transformers (C$1.85M or 346%), and Other Paper Machinery (C$1.43M or 78.4k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)C$-271k(-2.2%)
IMPORT GROWTH (February 2023 - February 2024)C$18.9M(31%)
MAIN EXPORTER (February 2024)OntarioC$9.34M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Hungary and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $88.5M to Hungary. The main products exported from Canada to Hungary were Scrap Aluminium ($20.4M), Other Printed Material ($4.96M), and Machinery Having Individual Functions ($4.78M). During the last 27 years the exports of Canada to Hungary have increased at an annualized rate of 2.68%, from $43.4M in 1995 to $88.5M in 2022.

In 2022, Hungary exported $486M to Canada. The main products exported from Hungary to Canada were Cars ($85.7M), Computers ($22.4M), and Packaged Medicaments ($21.8M). During the last 27 years the exports of Hungary to Canada have increased at an annualized rate of 10.4%, from $33.3M in 1995 to $486M in 2022.

Exports from Canada (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Canada than Hungary were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Hungary than Canada were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

Difference in imports from Hungary (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Hungary

Flow
Scale

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

During 2022, Canada had a large net trade with Hungary in the exports of Machines ($31.5M), Metals ($22.8M), and Instruments ($6.94M).

During 2022, Hungary had a large net trade with Canada in the exports of Machines ($189M), Transportation ($99.5M), and Chemical Products ($49.2M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Hungary worth $5.22M, with Royalties and license fees ($2.98M), Communications services ($1.49M), and Computer and information services ($746k) being the largest in terms of value.

In 2020, Hungary exported services to Canada worth $39.2M, with Travel ($15.6M), Personal, cultural, and recreational services ($6.85M), and Other business services ($6.74M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Hungary (Flag) (2020)

Services Exports from Hungary (Flag) to Canada (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 Canada has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Canada.

Product Space of Canada (Flag) and Hungary (Flag) (2022)

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