Hungary / Brazil

Hungary-Brazil Trade: In 2022, Hungary exported $395M to Brazil. The main products that Hungary exported to Brazil were Cars ($42.3M), Motor vehicles; parts and accessories (8701 to 8705) ($32.1M), and Pesticides ($27.5M). Over the past 5 years the exports of Hungary to Brazil have increased at an annualized rate of 5.72%, from $299M in 2017 to $395M in 2022.

In 2020, Hungary exported services to Brazil worth $77.9M, with Other business services ($48M), Computer and information services ($17.5M), and Royalties and license fees ($7.77M) being the largest in terms of value.

Brazil-Hungary Trade: In 2022, Brazil exported $70.9M to Hungary. The main products that Brazil exported to Hungary were Tanned Equine and Bovine Hides ($25.2M), Gas Turbines ($6.08M), and Nitrile Compounds ($5.45M). Over the past 5 years the exports of Brazil to Hungary have decreased at an annualized rate of 16.7%,  from $213M in 2017 to $70.9M in 2022.

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

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).