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2022
Flag → Flag
Exports $21MRnk 77 / 185
2022
Flag → Flag
Top Product $17.6MSulfate Chemical Woodpulp
2022
Flag → Flag
Exports $83.7MRnk 67 / 205
2022
Flag → Flag
Top Product $26.9MCars
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $15,356CURRENT US$
Rnk 62 / 186
2012-2022
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GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Chile-Hungary Trade: In 2022, Chile exported $21M to Hungary. The main products that Chile exported to Hungary were Sulfate Chemical Woodpulp ($17.6M), Dried Fruits ($1.16M), and Dried Legumes ($839k). Over the past 5 years the exports of Chile to Hungary have increased at an annualized rate of 4.29%, from $17.1M in 2017 to $21M in 2022.

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

Hungary-Chile Trade: In 2022, Hungary exported $83.7M to Chile. The main products that Hungary exported to Chile were Cars ($26.9M), Gas Turbines ($5.72M), and Special Pharmaceuticals ($3.67M). Over the past 5 years the exports of Hungary to Chile have increased at an annualized rate of 1.86%,  from $76.4M in 2017 to $83.7M in 2022.

In 2020, Hungary exported services to Chile worth $5.83M, with Transportation ($2.4M), Other business services ($1.37M), and Royalties and license fees ($1.14M) being the largest in terms of value.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

October, 2024

About

Overview In October 2024, Chile exported $153k and imported $737k from Hungary, resulting in a negative trade balance of $584k. Between October 2023 and October 2024 the exports of Chile have decreased by $-2.41M (-94%) from $2.56M to $153k, while imports decreased by $-270k (-26.8%) from $1.01M to $737k.

Trade In October 2024, the top exports of Chile to Hungary were Dried Legumes ($147k), Wine ($31.1k), and Commodities not elsewhere specified ($2.46k). In October 2024 the top imports of Chile from Hungary were Chemical Analysis Instruments ($392k), Laboratory Reagents ($215k), Other Plastic Products ($191k), Other Electrical Machinery ($31.2k), and Medical Instruments ($20.1k).

Origins In October 2024 the exports of Chile were mainly from Huechuraba ($91k) and San Bernardo ($62.1k), while imports destinations were mainly Providencia ($352k), San Miguel ($138k), Conchalí ($58.7k), Huechuraba ($57k), and Macul ($56.9k).

Growth In October 2024, the decrease in Chile's year-by-year exports to Hungary was explained primarily by an decrease in product exports in . In October 2024, the decrease in Chile's year-by-year imports  from Hungary was explained primarily by an decrease in product imports  in Motor vehicles; parts and accessories (8701... ($-26.9k or -93.2%) and Cheese ($-14.6k or -78.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-2.41M(-94%)
IMPORT GROWTH (October 2023 - October 2024)$-270k(-26.8%)
MAIN EXPORTER (October 2024)Huechuraba$91k

This section shows exports and imports data at subnational level for Chile. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Chile over time.

To check Hungary and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $21M to Hungary. The main products exported from Chile to Hungary were Sulfate Chemical Woodpulp ($17.6M), Dried Fruits ($1.16M), and Dried Legumes ($839k). During the last 5 years the exports of Chile to Hungary have increased at an annualized rate of 4.29%, from $17.1M in 2017 to $21M in 2022.

In 2017, Hungary exported $83.7M to Chile. The main products exported from Hungary to Chile were Cars ($26.9M), Gas Turbines ($5.72M), and Special Pharmaceuticals ($3.67M). During the last 5 years the exports of Hungary to Chile have increased at an annualized rate of 1.86%, from $76.4M in 2022 to $83.7M in 2017.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Chile than Hungary included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

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

Comparative Advantage Chile - Hungary

Flow
Scale

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

During 2022, Chile had a large net trade with Hungary in the exports of Paper Goods ($17.6M), Vegetable Products ($2.42M), and Machines ($755k).

During 2017, Hungary had a large net trade with Chile in the exports of Transportation ($28.2M), Machines ($21.3M), and Chemical Products ($10.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Hungary+$1.12MTelephones
Top Product Potential Hungary Chile+$25MCars

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 Chile worth $5.83M, with Transportation ($2.4M), Other business services ($1.37M), and Royalties and license fees ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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