Bangladesh (BGD) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Bangladesh-Hungary Trade: In 2022, Bangladesh exported $56.4M to Hungary. The main products that Bangladesh exported to Hungary were Knit T-shirts ($10.4M), Knit Sweaters ($9.48M), and Knit Men's Suits ($5.03M). Over the past 5 years the exports of Bangladesh to Hungary have increased at an annualized rate of 61.9%, from $5.08M in 2017 to $56.4M in 2022.

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

Hungary-Bangladesh Trade: In 2022, Hungary exported $10.1M to Bangladesh. The main products that Hungary exported to Bangladesh were Antibiotics ($3M), Medical Instruments ($2.04M), and Vaccines, blood, antisera, toxins and cultures ($1.12M). Over the past 5 years the exports of Hungary to Bangladesh have increased at an annualized rate of 8.68%, from $6.64M in 2017 to $10.1M in 2022.

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

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $56.4M to Hungary. The main products exported from Bangladesh to Hungary were Knit T-shirts ($10.4M), Knit Sweaters ($9.48M), and Knit Men's Suits ($5.03M). During the last 5 years the exports of Bangladesh to Hungary have increased at an annualized rate of 61.9%, from $5.08M in 2017 to $56.4M in 2022.

In 2017, Hungary exported $10.1M to Bangladesh. The main products exported from Hungary to Bangladesh were Antibiotics ($3M), Medical Instruments ($2.04M), and Vaccines, blood, antisera, toxins and cultures ($1.12M). During the last 5 years the exports of Hungary to Bangladesh have increased at an annualized rate of 8.68%, from $6.64M in 2022 to $10.1M in 2017.

Exports from Bangladesh () to Hungary () (2022)

Exports from Hungary () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Hungary
Top DestinationGermany$35.5B

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 2022, countries that imported more from Bangladesh than Hungary included United States ($11.7B), Canada ($2.02B), and India ($2B).

In 2022, countries that imported more from Hungary than Bangladesh included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

Difference in imports from Hungary () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Hungary in the exports of Textiles ($51M), Instruments ($3.84M), and Foodstuffs ($855k).

During 2017, Hungary had a large net trade with Bangladesh in the exports of Chemical Products ($5.41M), Instruments ($2.55M), and Machines ($1.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Hungary () (2022)

Exports from Hungary () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Hungary ()

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Hungary () (2022)

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