Romania / Hungary

Romania-Hungary Trade: In 2022, Romania exported $6.75B to Hungary. The main products that Romania exported to Hungary were Petroleum Gas ($1.29B), Electricity ($1.06B), and Insulated Wire ($237M). Over the past 5 years the exports of Romania to Hungary have increased at an annualized rate of 16.9%, from $3.1B in 2017 to $6.75B in 2022.

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

Hungary-Romania Trade: In 2022, Hungary exported $7.94B to Romania. The main products that Hungary exported to Romania were Packaged Medicaments ($608M), Electricity ($523M), and Petroleum Gas ($340M). Over the past 5 years the exports of Hungary to Romania have increased at an annualized rate of 5.47%,  from $5.77B in 2017 to $7.94B in 2022.

In 2020, Hungary exported services to Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).