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Hungary trade in 2024

In 2024, Hungary exported $151.8 billion and imported $146.3 billion, a trade surplus of $5.6 billion. It was the world's 35th-largest exporter, with 0.67% of world exports. Its top export was cars (8.5% of the total) and its main trading partner was Germany (22.9% of its trade).

Summary

Exports
$151.8billion
Imports
$146.3billion
Trade balance
+$5.6billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Cars (8.5%) and auto parts (6.8%) together make up 15.3% of its exports.

  1. Cars$13 billion · 8.5%
    Main partner: United States
  2. Auto parts$10.3 billion · 6.8%
    Main partner: Germany
  3. Medicines in measured doses or retail packs$8 billion · 5.3%
    Main partner: United States
  4. Batteries$7 billion · 4.6%
    Main partner: Germany
  5. Computers$5.1 billion · 3.3%
    Main partner: Netherlands
  6. Spark-ignition engines$3.2 billion · 2.1%
    Main partner: Germany
  7. Control panels$2.9 billion · 1.9%
    Main partner: Germany
  8. Cameras and broadcast equipment$2.9 billion · 1.9%
    Main partner: Germany
  9. Transformers and power supplies$2.7 billion · 1.8%
    Main partner: Germany
  10. Vaccines, blood and antisera$2.5 billion · 1.7%
    Main partner: France

What it imports

Auto parts (5%) and cameras and broadcast equipment (3%) together make up 8% of its imports.

  1. Auto parts$7.3 billion · 5%
    Main partner: Germany
  2. Cameras and broadcast equipment$4.3 billion · 3%
    Main partner: Czechia
  3. Vaccines, blood and antisera$4.2 billion · 2.9%
    Main partner: South Korea
  4. Cars$4.2 billion · 2.8%
    Main partner: Germany
  5. Electricity$3.9 billion · 2.7%
    Main partner: Slovakia
  6. Computer and office machine parts$3.8 billion · 2.6%
    Main partner: China
  7. Natural gas and LPG$3.8 billion · 2.6%
    Main partner: Russia
  8. Microchips$3.8 billion · 2.6%
    Main partner: Germany
  9. Medicines in measured doses or retail packs$3.2 billion · 2.2%
    Main partner: Germany
  10. Crude petroleum$2.9 billion · 2%
    Main partner: Russia
By Harmonized System chapter (96)
ChapterExportsImports
85 · Electrical and electronic equipment$36.3 billion$30.1 billion
87 · Vehicles$25.3 billion$14 billion
84 · Mechanical machinery$23.9 billion$20.7 billion
30 · Pharmaceuticals$11.4 billion$8 billion
39 · Plastics$5.5 billion$6.7 billion
90 · Precision and medical instruments$5.2 billion$3.4 billion
27 · Oil, gas and coal$3.9 billion$13.4 billion
40 · Rubber$3.1 billion$2.2 billion
10 · Cereals$1.8 billion$290 million
29 · Organic chemicals$1.8 billion$1.7 billion
48 · Paper and paperboard$1.7 billion$1.8 billion
94 · Furniture and lighting$1.6 billion$1.7 billion
73 · Iron and steel products$1.6 billion$3.1 billion
23 · Animal feed and food waste$1.6 billion$941 million
95 · Toys and sports gear$1.5 billion$759 million
76 · Aluminum$1.5 billion$2.7 billion
02 · Meat and offal$1.4 billion$867 million
21 · Food preparations$1.4 billion$908 million
22 · Beverages and spirits$1.2 billion$549 million
38 · Miscellaneous chemicals$1.1 billion$3.3 billion
72 · Iron and steel$1 billion$2.7 billion
15 · Fats and oils$955 million$486 million
44 · Wood$889 million$778 million
33 · Perfumes and cosmetics$794 million$1.2 billion
70 · Glass$750 million$728 million
20 · Preserved fruit and vegetables$747 million$463 million
04 · Dairy, eggs and honey$728 million$761 million
12 · Oilseeds and grains$693 million$466 million
01 · Live animals$655 million$417 million
86 · Railway equipment$621 million$454 million
34 · Soap and cleaning products$620 million$784 million
74 · Copper$603 million$1.5 billion
16 · Prepared meat and fish$543 million$464 million
28 · Inorganic chemicals$542 million$902 million
83 · Miscellaneous metal goods$521 million$779 million
61 · Knitted clothing$501 million$1.2 billion
68 · Stone, plaster and cement articles$497 million$460 million
19 · Baked goods and cereal products$495 million$809 million
64 · Footwear$464 million$806 million
17 · Sugar and sweets$429 million$404 million
69 · Ceramics$388 million$248 million
42 · Leather goods and bags$374 million$260 million
07 · Vegetables$346 million$444 million
24 · Tobacco$315 million$672 million
63 · Home textiles and used clothing$300 million$369 million
18 · Cocoa and chocolate$258 million$558 million
62 · Woven clothing$256 million$676 million
82 · Tools and cutlery$252 million$500 million
11 · Milling products and malt$241 million$128 million
49 · Books and printed matter$239 million$213 million
56 · Felt, nonwovens and rope$218 million$150 million
71 · Gems and precious metals$194 million$256 million
88 · Aircraft and spacecraft$183 million$2.5 billion
32 · Dyes, paints and tanning agents$182 million$601 million
08 · Fruit and nuts$181 million$511 million
31 · Fertilizers$179 million$423 million
96 · Other manufactured goods$157 million$293 million
59 · Coated and technical textiles$156 million$256 million
05 · Other animal products$152 million$106 million
35 · Glues, starches and enzymes$132 million$298 million
26 · Ores and slag$91 million$22 million
25 · Salt, stone and cement$87 million$471 million
47 · Wood pulp$80 million$219 million
54 · Synthetic filaments$70 million$147 million
60 · Knitted fabric$65 million$70 million
06 · Live plants and flowers$64 million$153 million
91 · Watches and clocks$63 million$70 million
09 · Coffee, tea and spices$58 million$251 million
93 · Weapons and ammunition$51 million$187 million
55 · Synthetic staple fibers$50 million$134 million
41 · Hides and leather$49 million$183 million
81 · Other base metals$48 million$74 million
57 · Carpets and rugs$44 million$95 million
37 · Photographic goods$43 million$65 million
80 · Tin$43 million$78 million
52 · Cotton$40 million$65 million
58 · Special fabrics and lace$25 million$75 million
03 · Fish and seafood$23 million$86 million
97 · Art and antiques$19 million$10 million
65 · Hats$18 million$52 million
79 · Zinc$17 million$79 million
89 · Ships and boats$17 million$46 million
75 · Nickel$13 million$72 million
51 · Wool$11 million$17 million
36 · Explosives and matches$11 million$57 million
67 · Feathers and artificial flowers$7 million$33 million
14 · Other plant products$6 million$4 million
92 · Musical instruments$5 million$11 million
66 · Umbrellas and canes$4 million$18 million
78 · Lead$4 million$22 million
46 · Wicker and basketware$4 million$13 million
43 · Fur and fur goods$4 million$3 million
53 · Other plant fibers$3 million$7 million
13 · Gums and plant extracts$3 million$40 million
50 · Silk$1 million$1 million
45 · Cork$1 million$5 million

Trading partners

Germany is its main destination (23.4% of exports) and source (22.4% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
Germany35.523.4%Sea
United States11.57.6%Air
Romania95.9%Land
Italy7.65%Sea
Slovakia6.84.5%Land
France6.64.3%Sea
Poland6.54.3%Sea
United Kingdom6.44.2%Sea
Czechia5.43.6%Sea
Austria5.23.5%Land

Who it buys from

PartnerValue (USD billions)ShareMode
Germany32.822.4%Sea
China10.47.1%Sea
Poland8.86%Sea
Slovakia8.75.9%Land
Austria8.45.8%Land
Czechia8.25.6%Sea
Netherlands7.14.9%Air
Italy5.84%Sea
South Korea5.84%Sea
Russia5.53.8%Sea

Overview 1995–2024

In 2024, Hungary accounted for 0.67% of world exports, compared with 0.3% in 1995.

Exports and imports

Exports grew 10-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 152
  • Imports 146
  • Balance +5.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$15.4 billion$16.5 billion-$1.1 billion
1996$16.9 billion$17.7 billion-$776 million
1997$21 billion$22.4 billion-$1.5 billion
1998$25.1 billion$26.9 billion-$1.8 billion
1999$27.4 billion$28.9 billion-$1.5 billion
2000$31.3 billion$33.3 billion-$2 billion
2001$34.3 billion$34.6 billion-$302 million
2002$37.1 billion$38.6 billion-$1.6 billion
2003$45 billion$49.5 billion-$4.5 billion
2004$53.6 billion$61 billion-$7.4 billion
2005$61.2 billion$64.5 billion-$3.3 billion
2006$70.8 billion$76.2 billion-$5.5 billion
2007$90.7 billion$92.5 billion-$1.8 billion
2008$100.7 billion$105.5 billion-$4.7 billion
2009$76.2 billion$75.4 billion$748 million
2010$90.4 billion$84.6 billion$5.8 billion
2011$103.2 billion$98.4 billion$4.8 billion
2012$94.9 billion$91.5 billion$3.4 billion
2013$101.7 billion$98.4 billion$3.3 billion
2014$108.4 billion$102.2 billion$6.2 billion
2015$99.2 billion$90.5 billion$8.7 billion
2016$101.8 billion$91 billion$10.9 billion
2017$110.9 billion$101.8 billion$9.1 billion
2018$119.4 billion$113.2 billion$6.2 billion
2019$118.3 billion$114.3 billion$3.9 billion
2020$115 billion$110.2 billion$4.8 billion
2021$133.8 billion$134.9 billion-$1.1 billion
2022$141.5 billion$153.8 billion-$12.4 billion
2023$153.5 billion$143.7 billion$9.8 billion
2024$151.8 billion$146.3 billion$5.6 billion

World rank

Hungary rose from 44th to 35th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 44th in 1995
  • 35th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199544th
199645th
199742nd
199839th
199938th
200038th
200138th
200237th
200338th
200438th
200538th
200637th
200737th
200837th
200936th
201037th
201140th
201242nd
201340th
201437th
201536th
201635th
201736th
201835th
201934th
202034th
202135th
202235th
202335th
202435th

What it sells

Its top export group is still electrical and electronic equipment: 24% in 2024

% of exports by Harmonized System chapter.

  • Other 25%
  • Rubber 2%
  • Oil, gas and coal 3%
  • Precision and medical instruments 3%
  • Plastics 4%
  • Pharmaceuticals 8%
  • Mechanical machinery 16%
  • Vehicles 17%
  • Electrical and electronic equipment 24%

Source: CEPII BACI

Show the numbers
Chapter19952024
Electrical and electronic equipment12.5%23.9%
Vehicles6.2%16.7%
Mechanical machinery12.4%15.8%
Pharmaceuticals1.8%7.5%
Plastics5%3.7%
Precision and medical instruments1.3%3.4%
Oil, gas and coal2.7%2.6%
Rubber1.1%2%
Other57%24.5%

Who it trades with

Austria went from 10% to 5% of Hungary's trade

% of total trade (exports + imports) with each partner.

  • Germany 23%
  • Slovakia 5%
  • Poland 5%
  • United States 5%
  • Austria 5%

Source: CEPII BACI

Show the numbers
Partner19952024
Germany27.3%22.9%
Slovakia2%5.2%
Poland2.2%5.1%
United States3.4%4.8%
Austria9.7%4.6%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Pannonian basinOil and gas · 3.5 Mt CO₂e
  • Matra power stationPower · 1.4 Mt CO₂e
  • Dunamenti power stationPower · 1.2 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Budapest$235.6 billion (PPP, 2021 dollars)
  • Győr$34.2 billion (PPP, 2021 dollars)
  • Debrecen$32.5 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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