Switzerland / Hungary

Switzerland-Hungary Trade: In 2022, Switzerland exported $1.11B to Hungary. The main products that Switzerland exported to Hungary were Packaged Medicaments ($108M), Vaccines, blood, antisera, toxins and cultures ($53.6M), and Electric Heaters ($42.5M). Over the past 5 years the exports of Switzerland to Hungary have increased at an annualized rate of 2.91%, from $958M in 2017 to $1.11B in 2022.

In 2019, Switzerland exported services to Hungary worth $251M, with Royalties and license fees ($82.2M), Transportation ($72M), and Computer and information services ($34.8M) being the largest in terms of value.

Hungary-Switzerland Trade: In 2022, Hungary exported $1.61B to Switzerland. The main products that Hungary exported to Switzerland were Cars ($282M), Computers ($61.3M), and Video Displays ($49.6M). Over the past 5 years the exports of Hungary to Switzerland have increased at an annualized rate of 9.05%,  from $1.04B in 2017 to $1.61B in 2022.

In 2020, Hungary exported services to Switzerland worth $994M, with Other business services ($606M), Transportation ($185M), and Computer and information services ($104M) being the largest in terms of value.

Comparison: In 2022,  Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).