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2023
Flag → Flag
Exports $93.2MRnk 48 / 138
2023
Flag → Flag
Top Product $23MKnit T-shirts
2023
Flag → Flag
Exports $11.3MRnk 106 / 201
2023
Flag → Flag
Top Product $2.87MAntibiotics
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Bangladesh-Hungary Trade: In 2023, Bangladesh exported $93.2M to Hungary. The main products that Bangladesh exported to Hungary were Knit T-shirts ($23M), Knit Sweaters ($10.1M), and Non-Knit Women's Suits ($8.39M). Over the past 5 years the exports of Bangladesh to Hungary have increased at an annualized rate of 61.9%, from $8.37M in 2018 to $93.2M in 2023.

In 2023, Bangladesh did not export any services to Hungary.

Hungary-Bangladesh Trade: In 2023, Hungary exported $11.3M to Bangladesh. The main products that Hungary exported to Bangladesh were Antibiotics ($2.87M), Medical Instruments ($2.76M), and Therapeutic Appliances ($984k). Over the past 5 years the exports of Hungary to Bangladesh have decreased at an annualized rate of 3.89%,  from $15.5M in 2018 to $11.3M in 2023.

In 2023, Hungary did not export any services to Bangladesh.

Comparison: In 2023,  Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Latest Data

Trade between Bangladesh (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Bangladesh than Hungary included India ($1.89B), United States ($8.58B), and Canada ($1.66B).

In 2023, countries that imported more from Hungary than Bangladesh included Germany ($37.4B), Romania ($8.43B), and Italy ($9.08B).

Difference in imports from Hungary (Flag) and Bangladesh (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Hungary+$12.8MKnit T-shirts
Top Product Potential Hungary Bangladesh+$2.89MVaccines, blood, antisera, toxins and cultures

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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Economic Complexity

Competitive Landscape

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

Product Space of Bangladesh (Flag) and Hungary (Flag) (NaN)

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