2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Hungary-India Trade: In 2022, Hungary exported $491M to India. The main products that Hungary exported to India were Ball Bearings ($49M), Laboratory Ceramic Ware ($38.4M), and Antibiotics ($28.6M). Over the past 5 years the exports of Hungary to India have increased at an annualized rate of 14.2%, from $252M in 2017 to $491M in 2022.

In 2020, Hungary exported services to India worth $14M, with Other business services ($4.23M), Transportation ($3.88M), and Computer and information services ($2.06M) being the largest in terms of value.

India-Hungary Trade: In 2022, India exported $788M to Hungary. The main products that India exported to Hungary were Navigation Equipment ($110M), Packaged Medicaments ($65.7M), and Unpackaged Medicaments ($49M). Over the past 5 years the exports of India to Hungary have increased at an annualized rate of 9.38%,  from $503M in 2017 to $788M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $491M to India. The main products exported from Hungary to India were Ball Bearings ($49M), Laboratory Ceramic Ware ($38.4M), and Antibiotics ($28.6M). During the last 5 years the exports of Hungary to India have increased at an annualized rate of 14.2%, from $252M in 2017 to $491M in 2022.

In 2017, India exported $788M to Hungary. The main products exported from India to Hungary were Navigation Equipment ($110M), Packaged Medicaments ($65.7M), and Unpackaged Medicaments ($49M). During the last 5 years the exports of India to Hungary have increased at an annualized rate of 9.38%, from $503M in 2022 to $788M in 2017.

Exports from Hungary (Flag) to India (Flag) (2022)

Exports from India (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and India (Flag)

Hungary Exports

India Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
India
Top Destination
United States$82.9B

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

In 2022, countries that imported more from Hungary than India included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from India than Hungary included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

Difference in imports from India (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - India

Flow
Scale

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

During 2022, Hungary had a large net trade with India in the exports of Machines ($207M), Chemical Products ($94.6M), and Transportation ($49.3M).

During 2017, India had a large net trade with Hungary in the exports of Machines ($315M), Chemical Products ($227M), and Plastics and Rubbers ($55.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary India+$43.8MComputers
Top Product Potential India Hungary+$62.8MPackaged Medicaments

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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Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and India (Flag) (2022)

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