Hungary / South Korea

Hungary-South Korea In 2022, Hungary exported $744M to South Korea. The main products that Hungary exported to South Korea are Cars ($156M), Motor vehicles; parts and accessories (8701 to 8705) ($41.9M), and Computers ($40.5M). During the last 27 years the exports of Hungary to South Korea have increased at an annualized rate of 14%, from $21.4M in 1995 to $744M in 2022.

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 In 2022, South Korea exported $5.02B to Hungary. The main products that South Korea exported to Hungary were Industrial Fatty Acids, Oils and Alcohols ($773M), Machinery Having Individual Functions ($755M), and Electric Batteries ($369M). During the last 27 years the exports of South Korea to Hungary have increased at an annualized rate of 12.8%, from $197M in 1995 to $5.02B in 2022.

In 2022, South Korea did not export any services to Hungary.

Comparison In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).