Hungary / Philippines

Hungary-Philippines Trade: In 2022, Hungary exported $37.3M to Philippines. The main products that Hungary exported to Philippines were Calculators ($6M), Broadcasting Equipment ($5.63M), and Computers ($2.59M). Over the past 5 years the exports of Hungary to Philippines have decreased at an annualized rate of 6.86%, from $53.3M in 2017 to $37.3M in 2022.

In 2020, Hungary exported services to Philippines worth $54.7M, with Computer and information services ($44.8M), Royalties and license fees ($8.57M), and Other business services ($800k) being the largest in terms of value.

Philippines-Hungary Trade: In 2022, Philippines exported $189M to Hungary. The main products that Philippines exported to Hungary were Integrated Circuits ($70.4M), Office Machine Parts ($67.9M), and Optical Fibers and optical fibre bundles ($6.47M). Over the past 5 years the exports of Philippines to Hungary have decreased at an annualized rate of 0.82%,  from $214M in 2017 to $189M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).