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2023
Flag → Flag
Exports $24.8MRnk 72 / 183
2023
Flag → Flag
Top Product $18.8MSulfate Chemical Woodpulp
2023
Flag → Flag
Exports $85.7MRnk 66 / 201
2023
Flag → Flag
Top Product $18.1MCars
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Chile-Hungary Trade: In 2023, Chile exported $24.8M to Hungary. The main products that Chile exported to Hungary were Sulfate Chemical Woodpulp ($18.8M), Dried Legumes ($2.34M), and Dried Fruits ($1.06M). Over the past 5 years the exports of Chile to Hungary have increased at an annualized rate of 6.25%, from $18.3M in 2018 to $24.8M in 2023.

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

Hungary-Chile Trade: In 2023, Hungary exported $85.7M to Chile. The main products that Hungary exported to Chile were Cars ($18.1M), Gas Turbines ($16.7M), and Pesticides ($5.46M). Over the past 5 years the exports of Hungary to Chile have decreased at an annualized rate of 0.71%,  from $88.8M in 2018 to $85.7M in 2023.

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 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Latest Trends

November, 2024

About

Overview In November 2024, Chile exported $178k and imported $1.92M from Hungary, resulting in a negative trade balance of $1.74M. Between November 2023 and November 2024 the exports of Chile have decreased by $-643k (-78.3%) from $821k to $178k, while imports increased by $1.38M (259%) from $535k to $1.92M.

Trade In November 2024, the top exports of Chile to Hungary were Dried Legumes ($147k), Wine ($31.1k), and Commodities not elsewhere specified ($2.46k). In November 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 November 2024 the exports of Chile were mainly from San Bernardo ($122k) and Las Condes ($56k), while imports destinations were mainly Las Condes ($789k), Santiago ($555k), Providencia ($354k), Vitacura ($132k), and San Miguel ($38.4k).

Growth In November 2024, the decrease in Chile's year-by-year exports to Hungary was explained primarily by an decrease in product exports in . In November 2024, the increase in Chile's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Chemical Analysis Instruments ($355k or 958%), Laboratory Reagents ($129k or 150%), and Medical Instruments ($6.67k or 49.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$-643k(-78.3%)
IMPORT GROWTH (November 2023 - November 2024)$1.38M(259%)
MAIN EXPORTER (November 2024)San Bernardo$122k

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 2023, Chile exported $24.8M to Hungary. The main products exported from Chile to Hungary were Sulfate Chemical Woodpulp ($18.8M), Dried Legumes ($2.34M), and Dried Fruits ($1.06M). During the last 5 years the exports of Chile to Hungary have increased at an annualized rate of 6.25%, from $18.3M in 2018 to $24.8M in 2023.

In 2018, Hungary exported $85.7M to Chile. The main products exported from Hungary to Chile were Cars ($18.1M), Gas Turbines ($16.7M), and Pesticides ($5.46M). During the last 5 years the exports of Hungary to Chile have decreased at an annualized rate of 0.71%, from $88.8M in 2023 to $85.7M in 2018.

Exports from Chile (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Hungary
Top DestinationGermany$37.4B

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 2023, countries that imported more from Chile than Hungary included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

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

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 2023, Chile had a large net trade with Hungary in the exports of Paper Goods ($18.8M), Vegetable Products ($4.67M), and Machines ($869k).

During 2018, Hungary had a large net trade with Chile in the exports of Machines ($36.4M), Transportation ($20.4M), and Chemical Products ($11.5M).

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) (2023)

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