Hungary / Belarus

Hungary-Belarus Trade: In 2022, Hungary exported $104M to Belarus. The main products that Hungary exported to Belarus were Packaged Medicaments ($34.9M), Dental Products ($8.61M), and Amino-resins ($8.45M). Over the past 5 years the exports of Hungary to Belarus have decreased at an annualized rate of 3.3%, from $123M in 2017 to $104M in 2022.

In 2002, Hungary exported services to Belarus worth $514k, with Transportation ($246k), Government services, n.i.e. ($138k), and Communications services ($51.4k) being the largest in terms of value.

Belarus-Hungary Trade: In 2022, Belarus exported $47.3M to Hungary. The main products that Belarus exported to Hungary were Carbon ($9.27M), Insulated Wire ($4.7M), and Acyclic Hydrocarbons ($4.01M). Over the past 5 years the exports of Belarus to Hungary have decreased at an annualized rate of 8.27%,  from $72.9M in 2017 to $47.3M in 2022.

In 2014, Belarus exported services to Hungary worth $523k, with Government services, n.i.e. ($206k), Computer and information services ($179k), and Insurance services ($134k) 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, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).