Cyprus / Hungary

Cyprus-Hungary Trade: In 2023, Cyprus exported $31.9M to Hungary. The main products that Cyprus exported to Hungary were Other Edible Preparations ($22.4M), Packaged Medicaments ($2.69M), and Base Metal Watches ($990k). Over the past 5 years the exports of Cyprus to Hungary have decreased at an annualized rate of 16%, from $76.1M in 2018 to $31.9M in 2023.

In 2020, Cyprus exported services to Hungary worth $6.85M, with Transportation ($3.43M), Travel ($1.14M), and Financial services ($1.14M) being the largest in terms of value.

Hungary-Cyprus Trade: In 2023, Hungary exported $67.7M to Cyprus. The main products that Hungary exported to Cyprus were Flavored Water ($9M), Telephones ($6.96M), and Cars ($5.29M). Over the past 5 years the exports of Hungary to Cyprus have increased at an annualized rate of 8.4%,  from $45.3M in 2018 to $67.7M in 2023.

In 2020, Hungary exported services to Cyprus worth $65.9M, with Royalties and license fees ($22.3M), Other business services ($16.4M), and Computer and information services ($15.9M) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).