Hungary / Nigeria

Hungary-Nigeria Trade: In 2022, Hungary exported $27.2M to Nigeria. The main products that Hungary exported to Nigeria were Electric Generating Sets ($4.73M), Other Nitrogen Compounds ($3.54M), and Used Clothing ($1.51M). Over the past 5 years the exports of Hungary to Nigeria have decreased at an annualized rate of 4.88%, from $34.9M in 2017 to $27.2M in 2022.

In 2020, Hungary exported services to Nigeria worth $4.34M, with Travel ($4M), Financial services ($228k), and Other business services ($114k) being the largest in terms of value.

Nigeria-Hungary Trade: In 2022, Nigeria exported $5.24M to Hungary. The main products that Nigeria exported to Hungary were Broadcasting Equipment ($4.52M), Electrical Transformers ($210k), and Office Machine Parts ($205k). Over the past 5 years the exports of Nigeria to Hungary have increased at an annualized rate of 136%,  from $71.9k in 2017 to $5.24M in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).