Hungary / South Africa

Hungary-South Africa Trade: In 2023, Hungary exported $316M to South Africa. The main products that Hungary exported to South Africa were Motor vehicles; parts and accessories (8701 to 8705) ($41.4M), Cars ($35.8M), and Computers ($24.3M). Over the past 5 years the exports of Hungary to South Africa have increased at an annualized rate of 6.69%, from $229M in 2018 to $316M in 2023.

In 2020, Hungary exported services to South Africa worth $16.6M, with Royalties and license fees ($8.11M), Other business services ($4.68M), and Transportation ($2.86M) being the largest in terms of value.

South Africa-Hungary Trade: In 2023, South Africa exported $43.1M to Hungary. The main products that South Africa exported to Hungary were Tanned Equine and Bovine Hides ($16.6M), Broadcasting Equipment ($9.6M), and Other Leather Articles ($5.05M). Over the past 5 years the exports of South Africa to Hungary have decreased at an annualized rate of 13.9%,  from $91.1M in 2018 to $43.1M in 2023.

In 2023, South Africa 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 Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).