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Hungary’s Economy: What’s Their GDP? [and Other Economic Stats & Facts]

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This guide provides an overview of Hungary’s economy, including the country’s primary imports and exports.

Hungary Economy Overview

Hungary’s exported goods and services amount to a total of $145.3 billion. This positions the country as the:

  • 35th largest product export economy
  • 37th largest service export economy

Imports totaled $129.9 billion, resulting in a positive trade balance of $26.4 billion.

Hungary’s Top Exports

Here is a breakdown of the most important products exported by Hungary, both commodities and other notable exports.

Commodity Exports

If you’re interested in trading some of these commodities, you can jump to our list of recommended regulated brokers in at the end of the page.

Other Notable Exports

  • Cars – $11 billion
  • Vehicle parts – $7.2 billion
  • Spark-ignition engines – $3.9 billion
  • Packaged medicaments – $3.8 billion
  • Video displays – $2.7 billion

Hungary’s Top Imports

Here is a breakdown of the most important products imported by Hungary, both commodities and other notable imports.

Commodity Imports

Other Notable Imports

  • Vehicle parts – $5.8 billion
  • Cars – $4.6 billion
  • Packaged medicaments – $3.2 billion
  • Integrated circuits – $3.1 billion
  • Office machine parts – $2.2 billion

Hungary’s GDP

Here are the most recent gross-domestic product (GDP) statistics for Hungary:

  • Total GDP: $158 billion
  • GDP Per Capita: $16,162
  • GDP Growth (2008-2018): -0.16%

Overall, Hungary ranked 135th out of 196 countries in terms of GDP per capita growth.

Details on Hungary’s Exports/Imports

Additional information on Hungary’s exports and imports is useful to get an idea of where the country stands in global trade.

Export & Import Distribution by Product Categories

Based on data provided by the OEC, Hungary’s largest export class is of machines, responsible for a total of $47.6 billion of their total export trades.

Other major export product categories include:

  • Transportation – $20.4 billion
  • Chemical Products – $11.3 billion
  • Plastics & Rubber – $7.82 billion
  • Metals – $6.4 billion

Export & Import Distribution by Destination Country & Origin

The top destination countries for Hungarian exports are:

  1. Germany – $32.6 billion
  2. Italy – $6.29 billion
  3. Romania – $6.18 billion
  4. Slovakia – $5.76 billion
  5. Austria – $5.42 billion

The top countries of origin for Hungarian imports are:

  1. Germany – $29.6 billion
  2. Poland – $6.8 billion
  3. China – $6.67 billion
  4. Austria – $6.24 billion
  5. Czechia – $5.98 billion

Interested in Trading Commodities?

Interested in trading gasoline, corn, iron ore, and other important Hungarian commodities? Start your research with reviews of these regulated brokers available in .

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Sources & Further Reading

Our data was collected from:

  • OEC – Economic overview, GDP stats, trading countries
  • GlobalEdge – Individual commodity export-import data

In-Depth Commodity Resources

If you’d like to learn more about Hungary’s top traded commodities, you can start with the following commodity pages:

  • Oil Trading – Hungary’s most imported and exported commodity
  • Aluminum Trading – Hungary’s #4 exported and #3 imported metal commodity
  • Copper Trading – The #5 most imported precious metal commodity in Hungary

Steel and iron are also present in the top list of Hungary’s traded commodities.

Neighbouring Economic Profiles & Debt Clocks

Here are the debt clocks for a few of Hungary’s neighboring countries, as well as some of their top export/import partners:

All currency is reported in US dollars.

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