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ExportsHungary-Philippines Trade: In 2023, Hungary exported $46.8M to Philippines. The main products that Hungary exported to Philippines were Cars ($7.06M), Seed Oils ($5.18M), and Tobacco Processing Machines ($3.24M). Over the past 5 years the exports of Hungary to Philippines have decreased at an annualized rate of 7.98%, from $70.9M in 2018 to $46.8M in 2023.
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 2023, Philippines exported $173M to Hungary. The main products that Philippines exported to Hungary were Integrated Circuits ($77.9M), Office Machine Parts ($47.2M), and Optical Fibers and optical fibre bundles ($7.32M). Over the past 5 years the exports of Philippines to Hungary have decreased at an annualized rate of 6.36%, from $240M in 2018 to $173M in 2023.
In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).
