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2022
Flag → Flag
Exports $5.03BRnk 11 / 205
2022
Flag → Flag
Top Product $1.13BCars
2022
Flag → Flag
Exports $1.48BRnk 42 / 224
2022
Flag → Flag
Top Product $153MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Hungary-United Kingdom Trade: In 2022, Hungary exported $5.03B to United Kingdom. The main products that Hungary exported to United Kingdom were Cars ($1.13B), Motor vehicles; parts and accessories (8701 to 8705) ($383M), and Video Displays ($297M). Over the past 5 years the exports of Hungary to United Kingdom have increased at an annualized rate of 4.97%, from $3.95B in 2017 to $5.03B in 2022.

In 2020, Hungary exported services to United Kingdom worth $1.61B, with Other business services ($850M), Transportation ($280M), and Computer and information services ($278M) being the largest in terms of value.

United Kingdom-Hungary Trade: In 2022, United Kingdom exported $1.48B to Hungary. The main products that United Kingdom exported to Hungary were Gas Turbines ($153M), Cars ($150M), and Broadcasting Equipment ($69.9M). Over the past 5 years the exports of United Kingdom to Hungary have decreased at an annualized rate of 5.37%,  from $1.95B in 2017 to $1.48B in 2022.

In 2019, United Kingdom exported services to Hungary worth $816M, with Travel ($314M), Other business services ($163M), and Transportation ($129M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $5.03B to United Kingdom. The main products exported from Hungary to United Kingdom were Cars ($1.13B), Motor vehicles; parts and accessories (8701 to 8705) ($383M), and Video Displays ($297M). During the last 5 years the exports of Hungary to United Kingdom have increased at an annualized rate of 4.97%, from $3.95B in 2017 to $5.03B in 2022.

In 2017, United Kingdom exported $1.48B to Hungary. The main products exported from United Kingdom to Hungary were Gas Turbines ($153M), Cars ($150M), and Broadcasting Equipment ($69.9M). During the last 5 years the exports of United Kingdom to Hungary have decreased at an annualized rate of 5.37%, from $1.95B in 2022 to $1.48B in 2017.

Exports from Hungary (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and United Kingdom (Flag)

Hungary Exports

United Kingdom Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Hungary than United Kingdom included Romania ($7.94B), Slovakia ($6.78B), and Serbia ($3.42B).

In 2022, countries that imported more from United Kingdom than Hungary included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - United Kingdom

Flow
Scale

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

During 2022, Hungary had a large net trade with United Kingdom in the exports of Machines ($1.71B), Transportation ($1.59B), and Plastics and Rubbers ($375M).

During 2017, United Kingdom had a large net trade with Hungary in the exports of Machines ($515M), Chemical Products ($270M), and Transportation ($238M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary United Kingdom+$316MCars
Top Product Potential United Kingdom Hungary+$86.7MCars

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

In 2020, Hungary exported services to United Kingdom worth $1.61B, with Other business services ($850M), Transportation ($280M), and Computer and information services ($278M) being the largest in terms of value.

In 2019, United Kingdom exported services to Hungary worth $816M, with Travel ($314M), Other business services ($163M), and Transportation ($129M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Hungary (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and United Kingdom (Flag) (2022)

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