Hungary-Germany Bilateral Trade Analysis 2023
Complete trade statistics: $71.15B total volume •Hungary surplus: $5.73B
Hungary → Germany
$38.44B
Exports (2023)
Germany → Hungary
$32.71B
Imports (2023)
Trade Balance
$5.73B
Surplus for Hungary
Total Trade
$71.15B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Hungary and Germany. Green line shows exports from Hungary, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Hungary-Germany commercial relationship and competitive positioning in global markets.
Hungary → Germany Exports
Export Market Intelligence
🎯 Strategic Export Focus
Hungary's export portfolio to Germany demonstrates strong diversification across multiple sectors, with electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) representing a key competitive advantage in this bilateral market.
Germany → Hungary Imports
Import Dependency Profile
📦 Import Strategy Analysis
Hungary's import pattern from Germany reveals strategic sourcingin aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Hungary demonstrates competitive strength in exportingelectric accumulators: lithium-ion, including separators, whether or not rectangular (including square) to Germany, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $71.15B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Hungary-Germany Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $71.15 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Hungary maintains a surplus of $5.73 billion
- Export Focus: Hungary's primary exports include electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc, boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from Germany include aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, electronic integrated circuits: n.e.c. in heading no. 8542
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $71.15B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Hungary leveraging its comparative advantages in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Hungary's specialization in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)complements Germany's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $71.15B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $71.15B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $71.15 billion bilateral trade volume represents a major economic driverfor both economies.
Industrial Integration
Trade flows in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) and aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Hungary's trade surplus of $5.73 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Hungary and Germany represents a total trade volume of $71.15 billion in 2023. This partnership demonstrates a favorable trade balance for Hungary, with exports exceeding importsby $5.73 billion.
Export Strengths
Hungary's exports to Germany total $38.44 billion, with competitive advantages in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), representing $4.63B or12.1% of bilateral exports.
Import Dependencies
Imports from Germany amount to $32.71 billion, highlighting economic interdependence in aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, with Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg comprising5.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Hungary's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Hungary and Germany in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023