Hungary export data shows that in 2023, the value of products exported from Hungary to various parts of the world reached $160.8 billion. This represents a 7.3% increase compared to $149.9 billion in 2021.

The Most Valuable Export Customers for Hungary

The latest Hungary export data shows that 71.7% of Hungary's exported products are purchased by importers from the following countries: Germany (26%), Italy (5.6%), Romania (5.5%), Slovakia (5%), Poland (4.6%), the Czech Republic (also 4.6%), Austria (4.2%), France (4.1%), the Netherlands (3.3%), the United Kingdom (3%), the United States (2.9%), and Spain (also 2.9%).

From a continental perspective, 88.5% of Hungary's exports go to other European countries, while 5.8% go to importers in Asia. Hungary also exports an additional 4% of goods to North America. Buyers in Africa (0.7%), Latin America (0.6%), and Oceania, led by Australia and New Zealand (0.4%), account for a smaller proportion.

Top 10 Export Products from Hungary

According to Hungary export data for 2023, based on two-digit HS codes, the top 10 export products from Hungary account for over three-quarters (76%) of Hungary's total exports:

1. Electrical machinery and equipment: $42.4 billion (26.4% of total exports)

2. Vehicles: $25.1 billion (15.6%)

3. Machinery including computers: $23.2 billion (14.4%)

4. Pharmaceuticals: $9.3 billion (5.8%)

5. Plastics and plastic products: $5.43 billion (3.4%)

6. Mineral fuels including oil: $5.36 billion (3.3%)

7. Optical, technical, and medical apparatus: $4.4 billion (2.8%)

8. Rubber and rubber products: $3.2 billion (2%)

9. Iron and steel products: $2.02 billion (1.3%)

10. Furniture, bedding, lighting, signs, prefabricated buildings: $1.99 billion (1.2%)

Hungary export data indicates that pharmaceuticals are the fastest-growing category among the top 10 export categories, growing by 32% from 2022 to 2023. The second highest improvement in export sales is in the vehicle products category, which grew by 13.7%. Hungary's electrical machinery and equipment shipment volume ranks third in terms of growth, with an increase of 12.7%.

The largest decline among Hungary's top 10 export categories is in mineral fuels including oil, which decreased by -16.3% compared to the previous year.

At a more detailed level of four-digit HTS codes, Hungary's most valuable export products are cars (8.1%). This is followed by batteries (7%), automotive parts or accessories (6%), dosage mixtures (3.4%), computers (3%), telephone equipment (2.8%), piston engines (2.3%), insulated wire or cable (1.9%), blood fractions including antisera (1.6%), and electrical or optical circuits and panels (1.5%).

According to the latest Hungary export data provided by Tendata, Hungary's top 10 export products in 2023 are:

1.HS Code：732690400000(18.07%, $29.23 Million)：Articles of iron or steel, n.e.s. (excluding cast articles or articles of iron or steel wire): Enamld irn ware(excl utnsl and sign bord)

2.HS Code：401110009012(6.82%, $11.02 Million)

3.HS Code：401110009018(6.32%, $10.22 Million)：New pneumatic tyres, of rubber, of a kind used for motor cars, incl. station wagons and racing cars

4.HS Code：3004900002(3.84%, $6.2 Million)：Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids

5.HS Code：85102000(3.11%, $5.03 Million)：Hair clippers with self-contained electric motor

6.HS Code：390931000000(2.7%, $4.37 Million)：Poly"methylene phenyl isocyanate" "crude MDI, polymeric MDI", in primary forms

7.HS Code：847150009000(2.21%, $3.57 Million)：Processing units for automatic data-processing machines, whether or not containing in the same housing one or two of the following types of unit: storage units, input units, output units (excluding those of heading 8471.41 or 8471.49 and excluding periphe

8.HS Code：3004500002(2.02%, $3.27 Million)：Medicaments containing provitamins, vitamins, incl. natural concentrates and derivatives thereof used primarily as vitamins, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing an

9.HS Code：870893900011(1.83%, $2.96 Million)：Clutches and parts thereof, for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor v

10.HS Code：392310900000(1.54%, $2.48 Million)：Boxes, cases, crates and similar articles for the conveyance or packaging of goods, of plastics: Box case crate and smlr artcls of plstcs nes

Tendata iTrader aggregates trade data from 218 countries and detailed information on over 130 million import-export enterprises worldwide.

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