Hungary / Iceland

Hungary-Iceland Trade: In 2023, Hungary exported $48.9M to Iceland. The main products that Hungary exported to Iceland were Computers ($20.2M), Cars ($4.54M), and Video Displays ($2.44M). Over the past 5 years the exports of Hungary to Iceland have increased at an annualized rate of 8.69%, from $32.2M in 2018 to $48.9M in 2023.

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 2023, Iceland exported $47.4M to Hungary. The main products that Iceland exported to Hungary were Aluminium Foil ($45.4M), Broadcasting Equipment ($419k), and Office Machine Parts ($346k). Over the past 5 years the exports of Iceland to Hungary have decreased at an annualized rate of 0.85%,  from $49.4M in 2018 to $47.4M in 2023.

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 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41),  and 35 in total exports ($150B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.