Country intelligence · HUN · 2024

Hungary trade profile

In 2024, Hungary recorded $157.5B in merchandise exports and $145.4B in imports, producing a $12.1B trade surplus. Exports changed +1.6% from the previous year, while imports changed +0.5%.[1]

Exports

$157.5B

+1.6%

Imports

$145.4B

+0.5%

Trade balance

$12.1B

surplus

Active partners

270

108 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$157.5B$145.4B$12.1B+1.6%
2023$155.1B$144.7B$10.4B+7.0%
2022$145.0B$152.3B-$7.3B+7.4%
2021$135.0B$133.9B$1.2B+17.4%
2020$115.0B$108.1B$6.9B-2.0%
2019$117.4B$112.3B$5.1B-1.1%
2018$118.6B$112.8B$5.8B+9.3%
2017$108.6B$100.4B$8.1B+8.7%
2016$99.9B$89.4B$10.5B+2.4%
2015$97.5B$88.7B$8.8B-8.9%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 85 · Electrical machinery

262 active HS6 lines · 177 export partners

$37.4B
2

HS 87 · Vehicles

87 active HS6 lines · 171 export partners

$26.2B
3

HS 84 · Machinery

513 active HS6 lines · 183 export partners

$24.6B
4

HS 30 · Pharmaceutical products

43 active HS6 lines · 152 export partners

$11.5B
5

HS 39 · HS chapter

129 active HS6 lines · 163 export partners

$5.4B
6

HS 90 · HS chapter

142 active HS6 lines · 173 export partners

$4.9B
7

HS 27 · Mineral fuels and oils

42 active HS6 lines · 117 export partners

$4.8B
8

HS 40 · HS chapter

80 active HS6 lines · 167 export partners

$3.2B

Leading export markets

Destinations rank bilateral export flows from Hungary; growth describes each corridor rather than the whole economy.

1

Germany

Annual change -5.9% · 3-year CAGR 2.4%

$37.7B
2

United States

Annual change +19.5% · 3-year CAGR 22.1%

$10.1B
3

Romania

Annual change +8.3% · 3-year CAGR 5.7%

$9.1B
4

Italy

Annual change -7.8% · 3-year CAGR 2.4%

$8.2B
5

Slovakia

Annual change +4.4% · 3-year CAGR 9.5%

$7.6B
6

Poland

Annual change +14.5% · 3-year CAGR 10.5%

$7.3B
7

France

Annual change +14.5% · 3-year CAGR 8.0%

$6.6B
8

United Kingdom

Annual change +7.4% · 3-year CAGR 20.2%

$6.2B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.