Hungary / South Korea

Hungary-South Korea Trade: In 2023, Hungary exported $629M to South Korea. The main products that Hungary exported to South Korea were Cars ($153M), Motor vehicles; parts and accessories (8701 to 8705) ($54.5M), and Broadcasting Equipment ($34.3M). Over the past 5 years the exports of Hungary to South Korea have decreased at an annualized rate of 1.32%, from $672M in 2018 to $629M in 2023.

In 2020, Hungary exported services to South Korea worth $155M, with Travel ($84.9M), Royalties and license fees ($42.9M), and Other business services ($12.9M) being the largest in terms of value.

South Korea-Hungary Trade: In 2023, South Korea exported $8.05B to Hungary. The main products that South Korea exported to Hungary were Industrial Fatty Acids, Oils and Alcohols ($3.32B), Machinery Having Individual Functions ($844M), and Oxometallic or Peroxometallic Acid Salts ($595M). Over the past 5 years the exports of South Korea to Hungary have increased at an annualized rate of 27.7%,  from $2.38B in 2018 to $8.05B in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).