Hungary / China

Hungary-China Trade: In 2023, Hungary exported $3.34B to China. The main products that Hungary exported to China were Navigation Equipment ($495M), Electrical Transformers ($352M), and Motor vehicles; parts and accessories (8701 to 8705) ($154M). Over the past 5 years the exports of Hungary to China have increased at an annualized rate of 1.23%, from $3.14B in 2018 to $3.34B in 2023.

In 2020, Hungary exported services to China worth $184M, with Other business services ($67.4M), Travel ($53.6M), and Transportation ($41.5M) being the largest in terms of value.

China-Hungary Trade: In 2023, China exported $10.2B to Hungary. The main products that China exported to Hungary were Telephones ($781M), Electric Batteries ($693M), and Office Machine Parts ($426M). Over the past 5 years the exports of China to Hungary have increased at an annualized rate of 8.18%,  from $6.87B in 2018 to $10.2B in 2023.

In 2023, China did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).