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ExportsHungary-Belgium Trade: In 2023, Hungary exported $3.88B to Belgium. The main products that Hungary exported to Belgium were Electric Batteries ($1.2B), Cars ($379M), and Electric Motors ($297M). Over the past 5 years the exports of Hungary to Belgium have increased at an annualized rate of 11.2%, from $2.28B in 2018 to $3.88B in 2023.
In 2020, Hungary exported services to Belgium worth $413M, with Other business services ($235M), Transportation ($84.8M), and Computer and information services ($41.7M) being the largest in terms of value.
Belgium-Hungary Trade: In 2023, Belgium exported $3.01B to Hungary. The main products that Belgium exported to Hungary were Packaged Medicaments ($389M), Vaccines, blood, antisera, toxins and cultures ($161M), and Integrated Circuits ($136M). Over the past 5 years the exports of Belgium to Hungary have increased at an annualized rate of 2.41%, from $2.61B in 2018 to $3.01B in 2023.
In 2020, Belgium exported services to Hungary worth $690M, with Other business services ($477M), Computer and information services ($121M), and Transportation ($43.4M) being the largest in terms of value.
Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).
