Hungary / Australia

Hungary-Australia Trade: In 2022, Hungary exported $762M to Australia. The main products that Hungary exported to Australia were Cars ($278M), Office Machine Parts ($51.2M), and Computers ($50.8M). Over the past 5 years the exports of Hungary to Australia have increased at an annualized rate of 10.8%, from $457M in 2017 to $762M in 2022.

In 2020, Hungary exported services to Australia worth $34.5M, with Travel ($16M), Computer and information services ($7.31M), and Transportation ($4.68M) being the largest in terms of value.

Australia-Hungary Trade: In 2022, Australia exported $53.6M to Hungary. The main products that Australia exported to Hungary were Unpackaged Medicaments ($11.1M), Packaged Medicaments ($10.1M), and Vegetable Alkaloids ($8.72M). Over the past 5 years the exports of Australia to Hungary have decreased at an annualized rate of 2.71%,  from $61.4M in 2017 to $53.6M in 2022.

In 2022, Australia did not export any services to Hungary.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).