Armenia (ARM) and Hungary (HUN) Trade | OEC - The Observatory of Economic Complexity

About

Armenia-Hungary In 2021, Armenia exported $894k to Hungary. The main products that Armenia exported to Hungary are Broadcasting Equipment ($289k), Hard Liquor ($168k), and Computers ($122k). During the last 25 years the exports of Armenia to Hungary have increased at an annualized rate of 25.6%, from $3k in 1996 to $894k in 2021.

In 2021, Armenia did not export any services to Hungary.

Hungary-Armenia In 2021, Hungary exported $20.7M to Armenia. The main products that Hungary exported to Armenia were Packaged Medicaments ($9.15M), Other Processed Vegetables ($1.23M), and Cars ($1.17M). During the last 25 years the exports of Hungary to Armenia have increased at an annualized rate of 11.9%, from $1.24M in 1996 to $20.7M in 2021.

In 2021, Hungary did not export any services to Armenia.

Comparison In 2021, Armenia ranked 71 in the Economic Complexity Index (ECI -0.19), and 133 in total exports ($3.36B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Armenia exported $894k to Hungary. The main products exported from Armenia to Hungary were Broadcasting Equipment ($289k), Hard Liquor ($168k), and Computers ($122k). During the last 25 years the exports of Armenia to Hungary have increased at an annualized rate of 25.6%, from $3k in 1996 to $894k in 2021.

In 2021, Hungary exported $20.7M to Armenia. The main products exported from Hungary to Armenia were Packaged Medicaments ($9.15M), Other Processed Vegetables ($1.23M), and Cars ($1.17M). During the last 26 years the exports of Hungary to Armenia have increased at an annualized rate of 11.9%, from $1.24M in 1995 to $20.7M in 2021.

Latest Data

Armenia Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

SectionYear

Armenia
Top Destination: Russia, $789M

Hungary
Top Destination: Germany, $35.7B

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

In 2021, countries that imported more from Armenia than Hungary were Iraq ($177M), Iran ($65.4M), and Georgia ($72.7M).

In 2021, countries that imported more from Hungary than Armenia were Germany ($35.7B), Italy ($7.7B), and Romania ($7.25B).

Comparative Advantage Armenia - Hungary

Flow

Scale

Year

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

During 2021, Armenia had a large net trade with Hungary in the exports of Machines ($538k), Foodstuffs ($187k), and Instruments ($69.5k).

During 2021, Hungary had a large net trade with Armenia in the exports of Chemical Products ($10.7M), Machines ($2.92M), and Foodstuffs ($1.43M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Latest Data

Armenia Exports

Hungary Exports

Market Competitiveness

Comparative Advantage Armenia - Hungary

Economic Complexity

Competitive Landscape

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