Economic Relations
In 2017, Hungary ranked as Estonia’s 23rd trade partner.
Estonia-Hungary trade 2012–2017 (million euros)
| Year | Export | % | Import | % | Turnover | % |
| 2014 | 37,3 | 0,3 | 174,9 | 1,3 | 212,2 | 0,8 |
| 2015 | 45,8 | 0,4 | 211,3 | 1,6 | 257,1 | 1,0 |
| 2016 | 43,5 | 0,4 | 273,9 | 2,0 | 317,2 | 1,2 |
| 2017 | 47,3 | 0,4 | 101,1 | 0,7 | 148,4 | 0,5 |
Primary articles of export in 2017:
- Machinery and mechanical appliances – 37%
- Base metals and articles of base metal – 17%
- Paper and articles thereof – 13%
Primary articles of import in 2017:
- Machinery and mechanical appliances – 34%
- Vehicles, transport equipment – 25%
- Articles of plastics and rubber – 13%
Investments
As of 30.06.2018, Hungary’s direct investments in Estonia totaled 16 million euros. Estonian direct investments in Hungary totaled 4 million euros.
Tourism
Hungarian interest towards Estonia as a travel destination has increased. According to international travel statistics, approximately 14 000 Hungarian citizens visited Estonia in 2017 (in 2016, 12 310 Hungarian citizens). In addition to Harjumaa and Tallinn, the other popular travel destinations are Tartu, Pärnu and Ida-Virumaa. Visits to Hungary by Estonian residents have also grown, from 24 891 in 2016 to 30 734 in 2017.