Hungary / Azerbaijan

Hungary-Azerbaijan Trade: In 2022, Hungary exported $59.7M to Azerbaijan. The main products that Hungary exported to Azerbaijan were Packaged Medicaments ($23.1M), Flavored Water ($3.83M), and Dental Products ($2.56M). Over the past 5 years the exports of Hungary to Azerbaijan have increased at an annualized rate of 2.17%, from $53.6M in 2017 to $59.7M in 2022.

In 2022, Hungary did not export any services to Azerbaijan.

Azerbaijan-Hungary Trade: In 2022, Azerbaijan exported $2.31M to Hungary. The main products that Azerbaijan exported to Hungary were Refined Petroleum ($1.6M), Broadcasting Equipment ($484k), and Cars ($51.5k). Over the past 5 years the exports of Azerbaijan to Hungary have increased at an annualized rate of 1.94%,  from $2.1M in 2017 to $2.31M in 2022.

In 2008, Azerbaijan exported services to Hungary worth $1k, with Communications services ($1k) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).