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Export Market

Hungary

ISO: HU / HUN

Country Profile

Capital Budapest
Population 9.5M
GDP $222.7B (2024)
GDP per Capita $23,292
Income Level High Income
Currency Hungarian forint (HUF Ft)
Language Hungarian
Timezone UTC+01:00
Region Europe · Central Europe

Trade Partners

Hungary Exports To

  • Germany 25.0%
  • Italy 6.0%
  • Romania 6.0%
  • USA 5.0%
  • Slovakia 4.0%

Key exports: cars, vehicle parts/accessories, electric batteries, packaged medicine, computers (2023)

Hungary Imports From

  • Germany 23.0%
  • China 7.0%
  • Austria 6.0%
  • Poland 6.0%
  • S. Korea 6.0%

Key imports: vehicle parts/accessories, natural gas, integrated circuits, broadcasting equipment, industrial acids/oils/alcohols (2023)

Economic Overview

high-income EU and OECD economy; modest recovery from 2024 recession driven by private consumption and moderated inflation; challenges include high fiscal deficits, frozen access to EU funds, and risks from export reliance; implementing tax exemptions, price controls, and mortgage interest caps ahead of 2026 elections

Government: parliamentary republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Hungary, providing preferential market access for UK exporters.

Geographic Region

Europe

Trading Bloc Memberships

Hungary is a member of the following trade agreements and economic blocs.

EEA European Economic Area Single Market UK Agreement EU European Union Political/Economic Union UK Agreement

Export Guidance

Relevant guidance for exporting to Hungary.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇱 Albania FTA 🇦🇩 Andorra 🇦🇹 Austria FTA 🇧🇪 Belgium FTA 🇧🇦 Bosnia and Herzegovina FTA 🇧🇬 Bulgaria FTA 🇭🇷 Croatia FTA 🇨🇾 Cyprus FTA

Official Resources

Government export support for Hungary.

great.gov.uk Market Guide → GOV.UK Country Information →
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