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About Hungary

Hungary is a European country in the central region connecting both developed Western Europe with the lesser developed Eastern Europe. Hungary is part of the European Union. Hungary is a High Income Economy with a high human development index and a good standard of living.

Like most of the European countries, Hungary’s Economy prominently revolves around services and tourism. However, the country is well known for manufacturing of electronic, electrical and machinery manufacturing

Country Facts


Basic Details
RegionWestern Europe
Capital CityBudapest
Government TypeParliamentary Republic
Official LanguagesHungarian
CurrencyHungarian forint, HUF
Phone Code +36
Important CitiesBudapest, Debrecen, Szeged, Miskolc, Pécs, Gy?r, Nyíregyháza, Kecskemét
National DayIndependence Day (Oct-17)
GDP (nominal)USD 203.829 Billion
Ease of Doing Business Ranking52
Primary IndustriesAgriculture,Health care,Industry.
Foreign Relations
Bordering NationsAustria, Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia.
Member of(European Union), ( Union for the Mediterranean), ( United Nations)
Major ExportsElectrical Products, Automobiles, Vehicles & Components, Machinery & Appliances, Pharmaceutical Products, Mining, Metals & Minerals, Plastics and Products, Instruments & Optical Solutions, Rubber and Products, Household Items & Products, Chemical Products, Food & Beverages, Spirits & Vinegar, Books and Papers, Edible Oils & Seeds, Wood and Pulp, Other Products
Major ImportsElectrical Products, Mining, Metals & Minerals, Machinery & Appliances, Automobiles, Vehicles & Components, Plastics and Products, Pharmaceutical Products, Chemical Products, Instruments & Optical Solutions, Rubber and Products, Books and Papers, Household Items & Products, Other Products, Fashion and Apparel, Wood and Pulp, Edible Oils & Seeds
Total Exports ValueUSD 149.581 Billion
Total Imports ValueUSD 158.414 Billion
Foreign Trade BalanceUSD 8.833 Billion (Deficit)
Foreign Relations with India
Trade Agreements with IndiaAvoidance of Double Taxation and Prevention of Fiscal Evasion (2003) Agreement for the Promotion and Protection of Investments (2003) MoU on IT Cooperation (2003) Agreement on Defence Cooperation (2003) Agreement on Exemption of Visa Requirement for holders of diplomatic and official passports (2003) Agreement on cooperation in the field of Health & Medicine (2008) Agreement on Cooperation in the field of Agriculture and allied sectors (2008) Letter of Intent on Strategic Research Fund between India and Hungary (2008) MoU between Oil and Natural Gas Corp. Ltd. and MOL Hungarian Oil and Gas Plc. for Cooperation in Hydrocarbon Sector (2008) Agreement on Social Security between India and Hungary (2010) Agreement between Semmelweis University Faculty of Physical Education and Sport Sciences (TF), Hungary and Sport Authority of India (2011) MoU on Traditional Systems of Medicine (2013) MoU on Cooperation in the field of Sports (2013) Cultural Exchange Programme, 2013-15 Letter of Intent for Indo-Hungarian Strategic Research Fund (enhanced contribution of Euro 2 million each for 2014-17. Education Exchange Programme signed in Budapest on 19 November 2014. MOU on Cooperation in the field of Water Management – October 2016 MOU between the Indian Council of World Affairs and Institute of Foreign Affairs and Trade of Hungary – October 2016. MOU between Central Council for Research in Ayurvedic Sciences and the University of Debrecen for establishment of European Institute of Ayurvedic Sciences, in October 2017. MOU between Eotvos Lorand University(ELTE) of Hungary and Indian Council for Cultural Relations(ICCR, New Delhi for establishment of Hindi Chair at ELTE university in September 2018. Cultural Exchange Program for 2019-22 was signed during the visit of EAM to Hungary in August 2019.
Major Exports to IndiaMachinery & Appliances, Chemical Products, Electrical Products, Ceramic Products, Automobiles, Vehicles & Components, Instruments & Optical Solutions, Food & Beverages, Spirits & Vinegar, Railway and Locomotives, Rubber and Products, Mining, Metals & Minerals, Books and Papers, Plastics and Products, Pharmaceutical Products, Building & Construction Products & Services, Toys and Games, Hides, Leather & Tannery
Major Imports from IndiaElectrical Products, Machinery & Appliances, Chemical Products, Pharmaceutical Products, Plastics and Products, Automobiles, Vehicles & Components, Fashion and Apparel, Rubber and Products, Mining, Metals & Minerals, Cosmetics and Accessories, Vegetables and Related Products, Aviation Vehicles, Instruments & Optical Solutions, Toys and Games, Silk & Textiles, Household Items & Products
India's Imports ValueUSD 307.19 Million
India's Exports ValueUSD 575.44 Million
Trade Balance with IndiaUSD 268.25 Million (Deficit)
Indian Embassy Details for HungaryEmbassy of India
H.E. Mr. Partha Satpathy
Honourable Ambassador
H-1025 Budapest Buzavirag u. 14
 0036-1-325-7742 /43

Embassy Details of Hungary in IndiaHungary
Embassy of Hungary
H.E. Mr. Istvan Szabo
2/50 M, Niti MargChanakyapuriNew Delhi-110021
+91-11-26881135 (O)

Consulate General of hungary in Mumbai
Mr. Ferenc Jari
Consul General
TCG Financial Centre, ,803, 8th Floor, C53, G Block, BKC, Bandra East, Mumbai 400 098
(00)-(91)-(22) 6770-1637

Honorary Consulate of Hungary in Chennai
H.E. Mr. M.A. Alagappan
Honorary Consul
No. 10 Chittaranjan Road Teynampet Chennai-600 018
+91-44-2435 7051 (O)

Honorary Consulate of Hungary in Chandigarh
H.E. Mr. Aditya Surpal
Honorary Consul
House No. 12, Sector 5, Chandigarh – 160015
(+91) 628 337 0413