France (FRA) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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France-Hungary Trade: In 2023, France exported $4.51B to Hungary. The main products that France exported to Hungary were Packaged Medicaments ($351M), Low-voltage Protection Equipment ($289M), and Motor vehicles; parts and accessories (8701 to 8705) ($176M). Over the past 5 years the exports of France to Hungary have increased at an annualized rate of 1.61%, from $4.16B in 2018 to $4.51B in 2023.

In 2020, France exported services to Hungary worth $533M, with Other business services ($291M), Transportation ($81.1M), and Travel ($61.7M) being the largest in terms of value.

Hungary-France Trade: In 2023, Hungary exported $5.55B to France. The main products that Hungary exported to France were Motor vehicles; parts and accessories (8701 to 8705) ($421M), Packaged Medicaments ($344M), and Cars ($301M). Over the past 5 years the exports of Hungary to France have increased at an annualized rate of 0.89%, from $5.31B in 2018 to $5.55B in 2023.

In 2020, Hungary exported services to France worth $529M, with Other business services ($203M), Transportation ($162M), and Travel ($86.2M) being the largest in terms of value.

Comparison: In 2023, France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B). 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, France exported $4.51B to Hungary. The main products exported from France to Hungary were Packaged Medicaments ($351M), Low-voltage Protection Equipment ($289M), and Motor vehicles; parts and accessories (8701 to 8705) ($176M). During the last 5 years the exports of France to Hungary have increased at an annualized rate of 1.61%, from $4.16B in 2018 to $4.51B in 2023.

In 2018, Hungary exported $5.55B to France. The main products exported from Hungary to France were Motor vehicles; parts and accessories (8701 to 8705) ($421M), Packaged Medicaments ($344M), and Cars ($301M). During the last 5 years the exports of Hungary to France have increased at an annualized rate of 0.89%, from $5.31B in 2023 to $5.55B in 2018.

Exports from France () to Hungary () (2023)

Exports from Hungary () to France () (2023)

Latest Data

Trade between France () and Hungary ()

France Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

France
Top DestinationGermany$72.8B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from France than Hungary included Italy ($56.3B), Belgium ($49.2B), and United States ($51.2B).

In 2023, countries that imported more from Hungary than France included Slovakia ($6.54B), Romania ($8.43B), and Croatia ($2.72B).

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

Comparative Advantage France - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, France had a large net trade with Hungary in the exports of Machines ($1.64B), Chemical Products ($801M), and Transportation ($448M).

During 2018, Hungary had a large net trade with France in the exports of Machines ($2.08B), Chemical Products ($968M), and Transportation ($844M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential France Hungary+$96.1MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Hungary France+$242MCars

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

Fra Year

In 2020, France exported services to Hungary worth $533M, with Other business services ($291M), Transportation ($81.1M), and Travel ($61.7M) being the largest in terms of value.

In 2020, Hungary exported services to France worth $529M, with Other business services ($203M), Transportation ($162M), and Travel ($86.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from France () to Hungary () (2023)

Exports from Hungary () to France () (2023)

Latest Data

Trade between France () and Hungary ()

France Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage France - Hungary

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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