2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$529BCURRENT US$
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GDP GROWTH
135%CURRENT US$
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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GDP PC
$104,039CURRENT US$
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GDP PC GROWTH
112%CURRENT US$
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About

Hungary-Ireland In 2022, Hungary exported $611M to Ireland. The main products that Hungary exported to Ireland are Computers ($312M), Cars ($43.6M), and Packaged Medicaments ($19.3M). During the last 27 years the exports of Hungary to Ireland have increased at an annualized rate of 13.1%, from $22.1M in 1995 to $611M in 2022.

In 2020, Hungary exported services to Ireland worth $513M, with Computer and information services ($216M), Other business services ($194M), and Transportation ($66.8M) being the largest in terms of value.

Ireland-Hungary In 2022, Ireland exported $767M to Hungary. The main products that Ireland exported to Hungary were Packaged Medicaments ($122M), Broadcasting Equipment ($96.4M), and Integrated Circuits ($80.8M). During the last 27 years the exports of Ireland to Hungary have increased at an annualized rate of 9.14%, from $72.4M in 1995 to $767M in 2022.

In 2020, Ireland exported services to Hungary worth $210M, with Other business services ($180M), Insurance services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $611M to Ireland. The main products exported from Hungary to Ireland were Computers ($312M), Cars ($43.6M), and Packaged Medicaments ($19.3M). During the last 27 years the exports of Hungary to Ireland have increased at an annualized rate of 13.1%, from $22.1M in 1995 to $611M in 2022.

In 2022, Ireland exported $767M to Hungary. The main products exported from Ireland to Hungary were Packaged Medicaments ($122M), Broadcasting Equipment ($96.4M), and Integrated Circuits ($80.8M). During the last 27 years the exports of Ireland to Hungary have increased at an annualized rate of 9.14%, from $72.4M in 1995 to $767M in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Ireland (Flag)

Hungary Exports

Ireland Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Ireland
Top Destination
United States$70.7B

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

In 2021, countries that imported more from Hungary than Ireland were Romania ($7.94B), Germany ($35.5B), and Slovakia ($6.78B).

In 2021, countries that imported more from Ireland than Hungary were United States ($70.7B), United Kingdom ($19B), and China ($16.7B).

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

Comparative Advantage Hungary - Ireland

Flow
Scale

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

During 2022, Hungary had a large net trade with Ireland in the exports of Machines ($431M), Chemical Products ($52.5M), and Transportation ($47.4M).

During 2022, Ireland had a large net trade with Hungary in the exports of Machines ($335M), Chemical Products ($322M), and Plastics and Rubbers ($36M).

Service Trade

Bilateral Service Trade

In 2020, Hungary exported services to Ireland worth $513M, with Computer and information services ($216M), Other business services ($194M), and Transportation ($66.8M) being the largest in terms of value.

In 2020, Ireland exported services to Hungary worth $210M, with Other business services ($180M), Insurance services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Ireland (Flag) (2020)

Services Exports from Ireland (Flag) to Hungary (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Ireland. Similarly, the more yellow a dot/product is, the more Ireland has comparative advantage over Hungary.

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

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