2023
Exports
$13.9BWorld Rnk 16 / 210
Flag Rnk 1 / 1203
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$3.96BWorld Rnk 41 / 225
Flag Rnk 6 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $13.9B in Cars, making it the 16th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Hungary. The main destination of Cars exports from Hungary are: Germany ($2.63B), United States ($1.75B), United Kingdom ($1.57B), Italy ($1.11B), and Spain ($444M).

The fastest growing export markets for Cars of Hungary between 2022 and 2023 were United States ($549M), United Kingdom ($425M), and Italy ($333M).

Imports In 2023, Hungary imported $3.96B in Cars, becoming the 41st largest importer of Cars in the world. At the same year, Cars was the 6th most imported product in Hungary. Hungary imports Cars primarily from: Germany ($1.16B), Czechia ($602M), Austria ($440M), South Korea ($247M), and Spain ($230M).

The fastest growing import markets in Cars for Hungary between 2022 and 2023 were Czechia ($148M), South Korea ($144M), and Austria ($118M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13.9B
IMPORTS (2023)$3.96B
NET TRADE (2023)$9.91B

In 2023, Hungary exported $13.9B in Cars. The main destinations of Hungary exports on Cars were Germany ($2.63B), United States ($1.75B), United Kingdom ($1.57B), Italy ($1.11B), and Spain ($444M).

In 2023, Hungary imported $3.96B in Cars, mainly from Germany ($1.16B), Czechia ($602M), Austria ($440M), South Korea ($247M), and Spain ($230M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
United States$549M (45.7%)
United Kingdom$425M (37.1%)
Italy$333M (42.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Hungary WERE (2022 - 2023):
China-$214M (-58.8%)
Colombia-$33.8M (-34.8%)
Norway-$33.6M (-82.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Hungary's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $771M
TOP IMPORT POTENTIALGermany+ $225M

Cars’s highest export potential is United States. With an export gap of $771M.   Cars’s highest import potential is Germany with an import gap of $225M.

See methodology.

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