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Hungary – Trade Statistics

  • Hungary is the 37th largest export economy in the world and the 14th most complex economy according to the Economic Complexity Index (ECI). In 2014, Hungary exported $106B and imported $99B, resulting in a positive trade balance of $6.35B. In 2014 the GDP of Hungary was $138B and its GDP per capita was $25.1k.
  • The top exports of Hungary are Cars ($10.3B), Vehicle Parts ($5.19B), Spark-Ignition Engines ($3.97B), Packaged Medicaments ($3.62B) and Computers ($3.36B), using the 1992 revision of the HS (Harmonized System) classification.
  • Its top imports are Vehicle Parts ($5.25B), Crude Petroleum ($4.38B), Petroleum Gas ($3.73B), Packaged Medicaments ($2.74B) and Engine Parts ($2.49B).
  • The top export destinations of Hungary are Germany ($28.5B), Romania ($5.75B), Italy ($5.42B), Austria ($5.3B) and the United States ($4.88B).
  • The top import origins are Germany ($25.1B), Russia ($7.05B), Austria ($6.77B), Poland ($5.17B) and China ($5.14B).
  • Hungary holds a place of 42nd out of 189 popular countries(economically) in case of doing a business in country.’Getting Credit’ is one of the topics in which Laos has decreased it’s ranking from 17 to 19. But the country has increased it’s ranking from 56 to 55 in case of ‘Starting a Business’.