Hungary / Iceland

Hungary-Iceland Trade: In 2022, Hungary exported $28.6M to Iceland. The main products that Hungary exported to Iceland were Cars ($7.75M), Baked Goods ($1.79M), and Computers ($1.29M). Over the past 5 years the exports of Hungary to Iceland have increased at an annualized rate of 6.9%, from $20.5M in 2017 to $28.6M in 2022.

In 2020, Hungary exported services to Iceland worth $7.31M, with Transportation ($5.25M) and Other business services ($2.06M) being the largest in terms of value.

Iceland-Hungary Trade: In 2022, Iceland exported $43.7M to Hungary. The main products that Iceland exported to Hungary were Aluminium Foil ($43.2M), Broadcasting Equipment ($133k), and Fish Oil ($129k). Over the past 5 years the exports of Iceland to Hungary have decreased at an annualized rate of 1.76%,  from $47.7M in 2017 to $43.7M in 2022.

In 2019, Iceland exported services to Hungary worth $17.4M, with Transportation ($8.51M), Travel ($7.05M), and Personal, cultural, and recreational services ($1.12M) 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.