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EIQ

Trade corridors

UK and Hungary

What moves each way, the scams to watch for, and what to check before you trade.

UK sells, 2025
$1.7bn
+3.8% a year
UK buys, 2025
$6.9bn
+6.6% a year
Listed in Hungary
0
buyers, 0 suppliers
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Trade safely with Hungary

The scams, documents and rules that matter on this corridor. Written and reviewed by our team, and dated.

Checks that apply to any deal on this corridor

Corridor-specific scam patterns and rules are still being reviewed by our team and will appear here once published.

  • Confirm the company exists in an official register and that its name matches the one on the invoice.
  • Before paying into a new or changed bank account, phone the company on a number you already hold, not one from the invoice or email.
  • Test the container number, ship number, ports and dates on the bill of lading with the Document checker.
  • Be wary of paying in advance for goods you have not seen, or of fees demanded to release a shipment.
  • Ask the carrier directly to confirm the shipment exists and where it is.
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In short

In 2025, the UK sold Hungary about $1.7 billion of goods. The biggest products were motor cars and other motor vehicles, turbo-jets, turbo-propellers and telephone sets, which together make up 37% of the total. The total has grown by about 3.8% a year since 2022. Among the leading products, aircraft, parts of goods of heading 8801 is growing fastest, at about 57% a year.

In 2025, the UK bought about $6.9 billion of goods from Hungary. The biggest products were motor cars and other motor vehicles, automatic data processing machines and motor vehicles, parts and accessories, which together make up 40% of the total. The total has grown by about 6.6% a year since 2022. Among the leading products, electric transformers, static converters is growing fastest, at about 107% a year.

Trade by year

Total trade each year, as reported in the tables below. A missing bar means no report for that year, not zero trade.

UK sells to Hungary UK buys from Hungary
$0 $4bn $8bn 2022 $1.5bn $5.7bn 2023 $1.6bn $6.2bn 2024 $1.6bn $6.5bn 2025 $1.7bn $6.9bn
View as a table
Year UK sells to Hungary UK buys from Hungary
2022 $1.5bn $5.7bn
2023 $1.6bn $6.2bn
2024 $1.6bn $6.5bn
2025 $1.7bn $6.9bn

What UK sells to Hungary

Ranked by value in 2025, by 4-digit product code. Growth is the yearly rate since 2022.

Product Value Share Growth
Motor cars and other motor vehicles (principally designed for the transport of persons (other than those of he… Product code 8703 · Vehicles $297.1m 17.9% +31.2% a year
Turbo-jets, turbo-propellers and other gas turbines Product code 8411 · Machinery $236.1m 14.2% +11.8% a year
Telephone sets, including smartphones and other telephones for cellular/wireless networks (other apparatus for… Product code 8517 · Electrical equipment $75.9m 4.6% -0.5% a year
7 more products are in the full list. Create a free account to see them, or sign in.

Biggest product groups: Machinery (25%), Vehicles (21%), Electrical equipment (10%), Plastics (6%), Optical and medical instruments (5%) .

What UK buys from Hungary

Ranked by value in 2025, by 4-digit product code. Growth is the yearly rate since 2022.

Two ways of counting these imports. UN Comtrade, which usually counts the country where goods were made, gives $6.9bn for 2025. HM Revenue & Customs, which counts the country the goods were shipped from, gives $4.9bn. Goods made in one country often travel through another before they reach the UK, so the two can differ without either being wrong. The table below uses the Comtrade figure.
Product Value Share Growth
Motor cars and other motor vehicles (principally designed for the transport of persons (other than those of he… Product code 8703 · Vehicles $1.4bn HMRC (shipped from) $159.8m 21.1% -0.4% a year
Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing d… Product code 8471 · Machinery $742.1m 10.8% +33.8% a year
Motor vehicles (parts and accessories, of heading no. 8701 to 8705) Product code 8708 · Vehicles $577.8m 8.4% +11.4% a year
7 more products are in the full list. Create a free account to see them, or sign in.

Biggest product groups: Vehicles (30%), Machinery (21%), Electrical equipment (14%), Pharmaceuticals (5%), Optical and medical instruments (4%) .

Where the opportunities are

Products that are moving on this corridor. Only products of a meaningful size are listed. Treat these as leads to check, not promises: a fast rise can reverse.

Growing fastest: UK sells to Hungary
Aircraft (parts of goods of heading 8801, 8802 or 8806)
$35.5m in 2025 · up about 57% a year · $9.2m in 2022
Growing fastest: UK buys from Hungary
Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing d…
$742.1m in 2025 · up about 34% a year · $310.1m in 2022
New or much bigger: UK sells to Hungary
Trunks (suit, camera, jewellery, cutlery cases, travel, tool, similar bags, wholly or mainly covered by leathe…
$20.5m in 2025 · was $1.2m in 2022
New or much bigger: UK buys from Hungary
Electric transformers, static converters (e.g. rectifiers) and inductors
$176.8m in 2025 · was $19.9m in 2022
Traded both ways: an established route
Motor cars and other motor vehicles (principally designed for the transport of persons (other than those of he… · UK sells $297.1m, buys $1.4bn
Telephone sets, including smartphones and other telephones for cellular/wireless networks (other apparatus for… · UK sells $75.9m, buys $54.4m

Room to grow

Products that a market buys a lot of, where this corridor supplies only a small part. Shares are for the latest year both sides reported. A small share can also mean a hard market, so check the rules and the buyer first.

Hungary buys a lot of these. UK supplies little.
Commodities not specified according to kind
Hungary imported $10.6bn (2024). UK supplied almost none of it. UK exports $25.9bn of this to the world.
UK buys a lot of these. Hungary supplies little.
Electric accumulators, including separators therefor (whether or not rectangular (including square))
Hungary exports $7.4bn of this to the world (2024). UK bought 2.0% of that from it. UK imports $4.0bn of this from the world.
See the full picture for UK and Hungary

A free account shows the complete product lists, every fast-growing and new product, and the markets where this corridor supplies little. Accounts are checked by hand, so use your business email.

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How to read these figures

Value is what was traded in the year, in US dollars. A big number means a big market, not necessarily an easy one to enter.

Share is that product's part of the total in the table above. A product with a large share is what this corridor already trades most of.

Growth is the average yearly change since the first year shown. A green figure means trade in that product is rising.

Product code is the international customs code (HS) for the product group. Your customs agent and the guide below will ask for it, and it decides the duty you pay.

These are totals reported by customs authorities, not prices or orders. Use them to see where demand exists, then check the rules and the company you plan to deal with.

Before you pay
Check a bill of lading or invoice
Check who you deal with
Companies in Hungary
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Freight forwarders, customs brokers and more
Other markets
Market finder by product

Some figures come from HM Revenue & Customs (HMRC) overseas trade statistics, with pounds converted to US dollars at the Bank of England's monthly average rate. The rest are what each country reported to the UN (Comtrade), in US dollars. Contains public sector information licensed under the Open Government Licence v3.0. Imports are usually reported including freight and insurance, exports without, so the two sides of a corridor will not match exactly. Company counts are companies listed on ExporterIQ.