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2022
Flag → Flag
Exports $15.6MRnk 115 / 168
2022
Flag → Flag
Top Product $5.74MHarvesting Machinery
2022
Flag → Flag
Exports $280MRnk 47 / 205
2022
Flag → Flag
Top Product $81.2MCombustion Engines
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Argentina-Hungary Trade: In 2022, Argentina exported $15.6M to Hungary. The main products that Argentina exported to Hungary were Harvesting Machinery ($5.74M), Ground Nuts ($5.1M), and Broadcasting Equipment ($1.64M). Over the past 5 years the exports of Argentina to Hungary have increased at an annualized rate of 5.46%, from $12M in 2017 to $15.6M in 2022.

In 2022, Argentina did not export any services to Hungary.

Hungary-Argentina Trade: In 2022, Hungary exported $280M to Argentina. The main products that Hungary exported to Argentina were Combustion Engines ($81.2M), Motor vehicles; parts and accessories (8701 to 8705) ($63.3M), and Gas Turbines ($35.1M). Over the past 5 years the exports of Hungary to Argentina have increased at an annualized rate of 1.77%,  from $256M in 2017 to $280M in 2022.

In 2020, Hungary exported services to Argentina worth $15.3M, with Travel ($14.3M), Royalties and license fees ($685k), and Transportation ($228k) being the largest in terms of value.

Comparison: In 2022,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Argentina exported $15.6M to Hungary. The main products exported from Argentina to Hungary were Harvesting Machinery ($5.74M), Ground Nuts ($5.1M), and Broadcasting Equipment ($1.64M). During the last 5 years the exports of Argentina to Hungary have increased at an annualized rate of 5.46%, from $12M in 2017 to $15.6M in 2022.

In 2017, Hungary exported $280M to Argentina. The main products exported from Hungary to Argentina were Combustion Engines ($81.2M), Motor vehicles; parts and accessories (8701 to 8705) ($63.3M), and Gas Turbines ($35.1M). During the last 5 years the exports of Hungary to Argentina have increased at an annualized rate of 1.77%, from $256M in 2022 to $280M in 2017.

Exports from Argentina (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Argentina (Flag) (2022)

Latest Data

Trade between Argentina (Flag) and Hungary (Flag)

Argentina Exports

Hungary Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.6B
Hungary
Top DestinationGermany$35.5B

This map shows whether countries import more from Argentina or Hungary. Each country is colored based on the difference in imports they receive from Argentina and Hungary or the difference in the growth in imports.

In 2022, countries that imported more from Argentina than Hungary included Brazil ($12.6B), China ($8B), and Chile ($5.11B).

In 2022, countries that imported more from Hungary than Argentina included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

Difference in imports from Hungary (Flag) and Argentina (Flag) (2022)

Comparative Advantage Argentina - Hungary

Flow
Scale

This chart compares trade between Argentina and Hungary by product, considering products traded by both, Argentina and Hungary.

During 2022, Argentina had a large net trade with Hungary in the exports of Machines ($8.04M), Vegetable Products ($6.9M), and Foodstuffs ($394k).

During 2017, Hungary had a large net trade with Argentina in the exports of Machines ($152M), Transportation ($64.4M), and Chemical Products ($22.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Hungary+$4.95MCorn
Top Product Potential Hungary Argentina+$30.3MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Hungary exported services to Argentina worth $15.3M, with Travel ($14.3M), Royalties and license fees ($685k), and Transportation ($228k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Argentina (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Argentina and Hungary. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Argentina.

Product Space of Argentina (Flag) and Hungary (Flag) (2022)

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