Hungary / India

Hungary-India Trade: In 2022, Hungary exported $252M 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 54.6%, from $28.6M in 2017 to $252M 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 $503M 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 66.9%,  from $38.9M in 2017 to $503M 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).