Lithuania / Hungary

Lithuania-Hungary Trade: In 2023, Lithuania exported $240M to Hungary. The main products that Lithuania exported to Hungary were Electric Motor Parts ($21.3M), Transmissions ($16M), and Oxygen Amino Compounds ($13.7M). Over the past 5 years the exports of Lithuania to Hungary have decreased at an annualized rate of 0.083%, from $241M in 2018 to $240M in 2023.

In 2020, Lithuania exported services to Hungary worth $23.5M, with Transportation ($15.8M), Other business services ($5.03M), and Computer and information services ($1.14M) being the largest in terms of value.

Hungary-Lithuania Trade: In 2023, Hungary exported $310M to Lithuania. The main products that Hungary exported to Lithuania were Packaged Medicaments ($54.5M), Motor vehicles; parts and accessories (8701 to 8705) ($20.4M), and Other Nitrogen Compounds ($7.42M). Over the past 5 years the exports of Hungary to Lithuania have increased at an annualized rate of 1.47%,  from $288M in 2018 to $310M in 2023.

In 2020, Hungary exported services to Lithuania worth $26.2M, with Transportation ($23.3M), Other business services ($1.48M), and Computer and information services ($1.26M) being the largest in terms of value.

Comparison: In 2023,  Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).