Cyprus / Hungary

Cyprus-Hungary Trade: In 2022, Cyprus exported $18.6M to Hungary. The main products that Cyprus exported to Hungary were Packaged Medicaments ($3.74M), Acyclic Hydrocarbons ($3.25M), and Perfumes ($1.2M). Over the past 5 years the exports of Cyprus to Hungary have decreased at an annualized rate of 9.07%, from $29.9M in 2017 to $18.6M in 2022.

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 2022, Hungary exported $51.4M to Cyprus. The main products that Hungary exported to Cyprus were Cars ($7.24M), Flavored Water ($6.32M), and Telephones ($3.46M). Over the past 5 years the exports of Hungary to Cyprus have increased at an annualized rate of 0.92%,  from $49.1M in 2017 to $51.4M in 2022.

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 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).