Hungary / Norway

Hungary-Norway Trade: In 2022, Hungary exported $417M to Norway. The main products that Hungary exported to Norway were Cars ($40.1M), Computers ($39.3M), and Video Displays ($35M). Over the past 5 years the exports of Hungary to Norway have increased at an annualized rate of 10.1%, from $259M in 2017 to $417M in 2022.

In 2020, Hungary exported services to Norway worth $107M, with Computer and information services ($44.7M), Transportation ($24.3M), and Travel ($19.3M) being the largest in terms of value.

Norway-Hungary Trade: In 2022, Norway exported $128M to Hungary. The main products that Norway exported to Hungary were Raw Aluminium ($78.1M), Broadcasting Equipment ($9.91M), and Aluminium Plating ($2.51M). Over the past 5 years the exports of Norway to Hungary have increased at an annualized rate of 13.4%,  from $68M in 2017 to $128M in 2022.

In 2009, Norway exported services to Hungary worth $19.3M, with Travel ($8.15M), Communications services ($5.59M), and Other business services ($2.88M) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).