Austria (AUT) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Austria-Hungary In 2022, Austria exported $10.4B to Hungary. The main products that Austria exported to Hungary are Petroleum Gas ($2.27B), Electricity ($927M), and Refined Petroleum ($802M). During the last 27 years the exports of Austria to Hungary have increased at an annualized rate of 6.15%, from $2.06B in 1995 to $10.4B in 2022.

In 2020, Austria exported services to Hungary worth $1.62B, with Travel ($584M), Transportation ($384M), and Other business services ($348M) being the largest in terms of value.

Hungary-Austria In 2022, Hungary exported $6.32B to Austria. The main products that Hungary exported to Austria were Electricity ($306M), Cars ($298M), and Motor vehicles; parts and accessories (8701 to 8705) ($248M). During the last 27 years the exports of Hungary to Austria have increased at an annualized rate of 5.98%, from $1.32B in 1995 to $6.32B in 2022.

In 2020, Hungary exported services to Austria worth $1.72B, with Transportation ($715M), Travel ($604M), and Other business services ($260M) being the largest in terms of value.

Comparison In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $10.4B to Hungary. The main products exported from Austria to Hungary were Petroleum Gas ($2.27B), Electricity ($927M), and Refined Petroleum ($802M). During the last 27 years the exports of Austria to Hungary have increased at an annualized rate of 6.15%, from $2.06B in 1995 to $10.4B in 2022.

In 2022, Hungary exported $6.32B to Austria. The main products exported from Hungary to Austria were Electricity ($306M), Cars ($298M), and Motor vehicles; parts and accessories (8701 to 8705) ($248M). During the last 27 years the exports of Hungary to Austria have increased at an annualized rate of 5.98%, from $1.32B in 1995 to $6.32B in 2022.

Exports from Austria () to Hungary () (2022)

Exports from Hungary () to Austria () (2022)

Latest Data

Trade between Austria () and Hungary ()

Austria Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Hungary
Top DestinationGermany$35.5B

This map shows whether countries import more from Austria or Hungary. Each country is colored based on the difference in imports they receive from Austria and Hungary or the difference in the growth in imports.

In 2021, countries that imported more from Austria than Hungary were Germany ($57.7B), Switzerland ($11.2B), and United States ($14.4B).

In 2021, countries that imported more from Hungary than Austria were Romania ($7.94B), Serbia ($3.42B), and Ukraine ($2.08B).

Difference in imports from Hungary () and Austria () (2022)

Comparative Advantage Austria - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and Hungary by product, considering products traded by both, Austria and Hungary.

During 2022, Austria had a large net trade with Hungary in the exports of Mineral Products ($4.05B), Machines ($1.53B), and Metals ($994M).

During 2022, Hungary had a large net trade with Austria in the exports of Machines ($1.5B), Metals ($852M), and Transportation ($627M).

Service Trade

Bilateral Service Trade

Hun Year

Aut Year

In 2020, Austria exported services to Hungary worth $1.62B, with Travel ($584M), Transportation ($384M), and Other business services ($348M) being the largest in terms of value.

In 2020, Hungary exported services to Austria worth $1.72B, with Transportation ($715M), Travel ($604M), and Other business services ($260M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Hungary () (2020)

Services Exports from Hungary () to Austria () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Austria has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Hungary () (2022)

Exports from Hungary () to Austria () (2022)

Latest Data

Trade between Austria () and Hungary ()

Austria Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Austria () (2022)

Comparative Advantage Austria - Hungary

Service Trade

Bilateral Service Trade

Services Exports from Austria () to Hungary () (2020)

Services Exports from Hungary () to Austria () (2020)

Economic Complexity

Competitive Landscape

Product Space of Austria () and Hungary () (2022)

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