South Korea-Hungary Trade: 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). Over the past 5 years the exports of South Korea to Hungary have increased at an annualized rate of 30.5%, from $1.33B in 2017 to $5.02B in 2022.
In 2022, South Korea did not export any services to Hungary.
Hungary-South Korea Trade: In 2022, Hungary exported $744M to South Korea. The main products that Hungary exported to South Korea were Cars ($156M), Motor vehicles; parts and accessories (8701 to 8705) ($41.9M), and Computers ($40.5M). Over the past 5 years the exports of Hungary to South Korea have increased at an annualized rate of 5.13%, from $579M in 2017 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.
Comparison: In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).