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Hungary Tariff Rate

Hungary's tariff rate fell to 1.95% in 2022, down from 2.24% in 2021, according to World Bank. This represents a decrease of 0.29% from the previous year. Hungary has tariff rate lower than the global median (1.95% vs median 5.90%). Within Europe, it ranks 23rd out of 40 countries.

Yearly Historical Data (1991-2022)

(in %)
Year Tariff Rate (%)
2022 1.95%
2021 2.24%
2020 1.71%
2019 2.55%
2018 2.46%
2017 2.48%
2016 2.48%
2015 2.73%
2014 2.76%
2013 2.21%
2012 2.28%
2011 2.3%
2010 2.78%
2009 2.44%
2008 2.37%
2007 2.53%
2006 2.75%
2005 2.68%
2004 2.64%
2002 8.89%
1997 5.85%
1996 10.32%
1993 10.21%
1991 12.36%
Hungary Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Hungary on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $167.71B $158.56B 2024
Annual Imports $151.63B $149.54B 2024
Balance of Trade €557M €452M Aug'25
Exports €10.2B €12.1B Aug'25
Exports (% GDP) 74.66% 80.84% 2024
FDI Inflows (% GDP) -14.71% -33.1% 2024
Imports €9.6B €11.6B Aug'25
Imports (% GDP) 69.11% 76.27% 2024
Net Trade (Goods & Services, BoP) $12.43B $9.84B 2024
Trade (% GDP) 143.78% 157.11% 2024