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Trade between Hungary and Switzerland

In 2024, Hungary exported $1.7 billion to Switzerland and imported $850 million. Hungary ran a surplus of $874 million with Switzerland, compared with a surplus of $608 million in 2019. Switzerland was Hungary’s 24th largest trading partner (0.9% of its trade), and Hungary was Switzerland’s 47th (0.3%).

Summary

Hungary → Switzerland
$1.7billion
Switzerland → Hungary
$850million
Hungary’s balance
$874million

Balance

Hungary’s trade balance with Switzerland

Trade between Hungary and Switzerland grew 4.3-fold since 1995

USD billions (current). Hungary’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.7
  • Imports 0.9
  • Balance +0.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$209 million$394 million-$185 million
1996$218 million$361 million-$143 million
1997$256 million$377 million-$121 million
1998$322 million$450 million-$127 million
1999$331 million$454 million-$123 million
2000$388 million$444 million-$57 million
2001$390 million$485 million-$95 million
2002$428 million$507 million-$79 million
2003$564 million$661 million-$97 million
2004$671 million$959 million-$287 million
2005$728 million$757 million-$29 million
2006$709 million$794 million-$85 million
2007$1.1 billion$962 million$150 million
2008$1.4 billion$1.1 billion$319 million
2009$904 million$847 million$57 million
2010$893 million$768 million$126 million
2011$989 million$867 million$123 million
2012$974 million$722 million$252 million
2013$1.1 billion$718 million$392 million
2014$1.2 billion$922 million$275 million
2015$1.1 billion$897 million$223 million
2016$1.1 billion$715 million$382 million
2017$1.1 billion$800 million$319 million
2018$1.3 billion$751 million$528 million
2019$1.4 billion$770 million$608 million
2020$1.5 billion$790 million$697 million
2021$1.6 billion$894 million$702 million
2022$1.7 billion$840 million$881 million
2023$1.6 billion$873 million$766 million
2024$1.7 billion$850 million$874 million

What they sell each other

What Hungary sells to Switzerland

The top 10 headings in 2024, with their share of the total.

  1. Cars$293 million · 17%
    11 thousand tonnes · Hungary’s destinations
  2. Computers$101 million · 5.9%
    274 tonnes · Hungary’s destinations
  3. Vaccines, blood and antisera$62 million · 3.6%
    172 tonnes · Hungary’s destinations
  4. Poultry meat$46 million · 2.7%
    7 thousand tonnes
  5. Other food preparations$42 million · 2.4%
    403 tonnes
  6. 131 tonnes
  7. 651 tonnes
  8. Other plastic articles$31 million · 1.8%
    1 thousand tonnes
  9. Monitors and projectors$30 million · 1.8%
    1 thousand tonnes · Hungary’s destinations
  10. 251 tonnes · Hungary’s destinations

What Switzerland sells to Hungary

The top 10 headings in 2024, with their share of the total.

  1. 905 tonnes · Switzerland’s destinations
  2. 12 tonnes · Switzerland’s destinations
  3. 2 thousand tonnes
  4. 118 tonnes
  5. Auto parts$24 million · 2.8%
    2 thousand tonnes · Hungary’s sources
  6. 44 tonnes
  7. 846 tonnes
  8. Turbojets and gas turbines$16 million · 1.9%
    16 tonnes
  9. Motor and generator parts$16 million · 1.9%
    611 tonnes
  10. 84 tonnes · Switzerland’s destinations

How it travels

Hungary and Switzerland traded $2.6 billion in 2024 (both directions together). They trade mostly by sea (54% of the value), but there is no estimated route for this pair.

Split by transport mode

  1. Sea$1.4 billion · 54%
  2. Air$1.2 billion · 46%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Switzerland was Hungary’s 24th largest trading partner (0.9% of its trade), and Hungary was Switzerland’s 47th (0.3%).

Switzerland in Hungary’s trade
0.9%
Switzerland’s rank among Hungary’s partners
24th
Hungary in Switzerland’s trade
0.3%
Hungary’s rank among Switzerland’s partners
47th

Compare with

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.