Hungary / Japan

Hungary-Japan Trade: In 2023, Hungary exported $1.16B to Japan. The main products that Hungary exported to Japan were Cars ($329M), Motor vehicles; parts and accessories (8701 to 8705) ($98.1M), and Computers ($55.4M). Over the past 5 years the exports of Hungary to Japan have increased at an annualized rate of 2.71%, from $1.02B in 2018 to $1.16B in 2023.

In 2020, Hungary exported services to Japan worth $297M, with Royalties and license fees ($252M), Transportation ($16.1M), and Other business services ($14.4M) being the largest in terms of value.

Japan-Hungary Trade: In 2023, Japan exported $1.78B to Hungary. The main products that Japan exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($264M), Spark-Ignition Engines ($183M), and Cars ($154M). Over the past 5 years the exports of Japan to Hungary have increased at an annualized rate of 1.91%,  from $1.5B in 2018 to $1.78B in 2023.

In 2023, Japan did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).