The United States and Hungary have a robust trade relationship that has been growing steadily over the years. Let’s explore the top 10 products that these two countries exchange, highlighting the key statistics and trends in their bilateral trade.
1. Cars
Cars are the most significant export from Hungary to the United States. In 2023, Hungary exported $1.75 billion worth of cars to the USA. This makes up a substantial portion of their total exports to the country. The automotive industry plays a crucial role in Hungary’s economy, and its car exports to the USA have been increasing over the years.
2. Electric Batteries
Electric batteries are another major export from Hungary to the United States. In 2023, Hungary exported $822 million worth of electric batteries to the USA. This reflects the growing importance of renewable energy and electric vehicles in both countries. As the world moves towards greener technologies, this trade is likely to continue growing.
3. Office Machine Parts
The United States exports a significant amount of office machine parts to Hungary. In 2023, these exports were valued at $467 million. This category includes various components used in office equipment like printers, copiers, and computers. It shows the importance of technology and office equipment in the trade between these two countries.
4. Gas Turbines
Gas turbines are a key export from the United States to Hungary. In 2023, the USA exported $414 million worth of gas turbines to Hungary. These are used in power generation and other industrial applications, highlighting the importance of energy technology in their trade relationship.
5. Computers
Computers are a significant export from Hungary to the United States. In 2023, Hungary exported $334 million worth of computers to the USA. This demonstrates Hungary’s growing role in the technology sector and its ability to produce high-value electronic goods.
6. Broadcasting Equipment
The United States exports a considerable amount of broadcasting equipment to Hungary. In 2023, these exports were valued at $219 million. This category includes various types of communication equipment, reflecting the importance of the media and telecommunications sectors in their trade.
7. Packaged Medicaments
Packaged medicaments, or prepared medicines, are an important part of the trade between Hungary and the USA. In November 2024, Hungary exported $46.4 million worth of packaged medicaments to the United States. This shows the significance of the pharmaceutical industry in their trade relationship.
8. Vaccines, Blood, Antisera, Toxins and Cultures
The United States exports a variety of medical products to Hungary, including vaccines, blood products, antisera, toxins, and cultures. In November 2024, these exports were valued at $11.2 million. This highlights the importance of medical and biotechnology products in their trade.
9. Integrated Circuits
Integrated circuits are another key export from the United States to Hungary. In November 2024, the USA exported $10.9 million worth of integrated circuits to Hungary. These electronic components are essential for many modern devices, showing the importance of high-tech products in their trade.
10. Motor Vehicle Parts
Both countries trade in motor vehicle parts. The United States exports these to Hungary, with $8.47 million worth exported in November 2024. Hungary also exports motor vehicle parts to the USA, with $34 million exported in the same month. This two-way trade in automotive components shows the interconnected nature of the global automotive industry.