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Hungary's exports of goods and services total $145.3 billion. The country is positioned as the 37th largest economy in terms of service exports. Hungary's largest export class are machines, which account for 47.6 billion dollars of their total export trades. Germany is the top destination for Hungarian exports.

Hungary shipped 120.3 billion dollars in goods around the world in 2020. This dollar amount represents a 16.8 percent increase since 2016, but a minus 1.5 percent decrease from 2019 to 2020. The Hungarian forint depreciated by minus 9.4 percent against the US dollar. Pharmaceuticals are the fastest growing of the top ten export categories, increasing by 23.6 percent between 2019 and 2020. Hungary's shipments of electrical machinery and equipment saw the third-fastest increase in value.

Top ten exports from Hungary accounted for more than three quarters or 75.8 percent of the total value of its global shipments. Exports account for 38 percent of Hungary's total GDP in 2020 valued at 316.3 billion dollars in Purchasing Power Parity US dollars. According to Trading Economics, Hungary's unemployment rate for 2020 was 4.3 percent, up from 3.5 percent in 2019.


Source: https://bigmanbusiness.com/811/hungar...

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