US$ 24.34mn
FDI inflows into India from April 2000 to March 2020

US$ 714.18mn

is bilateral trade value in 2020-2021

1,150
Overseas Indians living in Hungary

Concurrent Accreditation The Mission in Hungary also handles India's bilateral relations with Bosnia & Herzegovina

Strategic Location

Ideally located to expand operations in EU. Suited for transport, logistics, import and export

FDI

Hungary has a business friendly environment which welcomes FDI and a competitive policy for foreign investments

Automotive

logistics, electronics, food industry, ICT, medical technology and renewable energy are all key sectors

Workforce

Hungary's workforce is highly educated and skilled with a tilt towards engineering, medicine and economics

India's Exports and Imports to Hungary

Value in US$ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 349.26 345.13 406.29 402.69 458.08
2 %Growth -1.18 17.72 -0.89 13.75
3 India’s Total Export 3,10,338.48 2,62,291.09 2,75,852.43 3,03,526.16 3,30,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.11 0.13 0.15 0.13 0.14
6 IMPORT 239.55 242.64 218.78 270.84 241.15
7 %Growth 1.29 -9.83 23.79 -10.96
8 India’s Total Import 4,48,033.41 3,81,007.76 3,84,357.03 4,65,580.99 5,14,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.05 0.06 0.06 0.06 0.05
11 TOTAL TRADE 588.81 587.77 625.07 673.53 699.23
12 %Growth -0.18 6.35 7.75 3.82
13 India’s Total Trade 7,58,371.89 6,43,298.84 6,60,209.46 7,69,107.15 8,44,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.08 0.09 0.09 0.09 0.08
16 TRADE BALANCE 109.71 102.49 187.51 131.86 216.94
17 India’s Trade Balance -1,37,694.93 -1,18,716.67 -1,08,504.60 -1,62,054.83 -1,84,000.33

Hungarian Investment Promotion Agency

+36 1 872 6520

Visit Website

H-1055 Budapest, Honvéd u. 20.

Embassy of India, Hungary

0036-1-325-7742 /43

Visit Website

H-1025 Budapest Buzavirag u. 14

Opportunities

Agricultural exports

    Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)

    agriexchange.apeda.gov.in

    Cuts & edible offal of species Gallus domesticus, fresh/chilled (020713)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
    Sausages & sim. prods., of meat/meat offal/blood; food preps. based on thes … (160100)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in ch.19, whethe … (190590)
    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)

    agriexchange.apeda.gov.in

    Maize (corn), seed (100510)
    Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1803.10-1806.10), in blo … (180620)
    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
    Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180631)

    agriexchange.apeda.gov.in

    Cheese (excl. of 0406.10-0406.40) (040690)

    agriexchange.apeda.gov.in

    Active yeasts (210210)
    Food preps., n.e.s. (210690)
    Homogenised composite food preps. (210420)
    INACTV YEAST,OTHR SNGL-CELL DEAD MICR-ORG (210220)
    Mixes & doughs for the preparation of bakers’ wares of 19.05 (190120)
    Natural honey (040900)
    OTHR EDBL MXR/PRPNS OF ANML/VEGTBL FATS/ OILS/OF FRACTNS OF DIFFRNT FATS/OILS (151790)
    Preparations for infant use, put up for RS (190110)
    Preparations of fruit (excl. citrus fruit; excl. homogenized), obt. by cook … (200799)
    Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
    Prepared foods obt. from unroasted cereal flakes/mixts. of unroasted cereal … (190420)
    Prepared/presvd. preps. of bovine animals (excl. homogenised preps.), incl. … (160250)
    Prepared/presvd. preps. of fowls of the genus gallus domesticus (excl. homo … (160232)
    Prepared/presvd. preps. of swine (excl. of 1602.41, 1602.42 & homogenised p … (160249)
    Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
    Soups & broths & preps. therefor (210410)
    Tomato ketchup & oth. tomato sauces (210320)
    Whey & modified whey, whether or not concentrated/sweetened (040410)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)

    agriexchange.apeda.gov.in

    Crustacean – Frozen, shrimps and prawns, excluding cold water varieties, in shell or not, smoked, cooked or notbefor or during smoking, in shell, cooked bt steaming or boiling in water
    Fish – Fresh or chilled, atlantic salmon (Salmon Salar) and danube salmon (Huncho Huncho) Excluding fillet, livers, roes and other fish meat
    Fish preparation – fish minced or in forms; prepared or preservd
    Fish preparation – fish prepared or preserved; whole or in pieces (but not minced)
    Fish preparation – tunas, skipjack, Atlantic Bonito (sarda spp.), Prepared or preserved, whole or in pieces (but not minced)

    fishexchange.mpeda.gov.in
Minerals

    Production: 5,000 tonne

    ksh.hu

    Production: Gravel – 2,343.77 (1000 m3)

    Reserve: Gravel – 764.19 million m3

    mbfsz.gov.hu

    Production: 9,232.81 kilo tonne

    mbfsz.gov.hu

    Production: Gems-39,120 carats, Industrial-13,040 carats

    wmc.org.pl

    Production: 1.9 billion cubic gigameters

    mbfsz.gov.hu

    Production: 75,000 tonnes

    bgs.ac.ukmbfsz.gov.hu

    Production:  7,387.9 (1000 m3) 2018

    Reserve: 2019: 627.49 (million m3) 2019

    mbfsz.gov.hu

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Hungary
  • steel and steel products
  • Chemicals
  • machine tools
  • pulses
  • Newsprint
  • Engineering goods, especially for railways and power projects
  • Footwear
  • Rubber articles
  • Iron and steel
India's top export to Hungary
  • Tea, tobacco, pepper and other spices
  • Iron ore and pellets
  • Cotton and jute
  • Maruti vehicles
  • Chemicals and chemical products
  • Engineering goods
  • Pharmaceutical products
  • Finished leather

Bilateral Investors

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