Hungary (HUN) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Hungary-Portugal In 2022, Hungary exported $730M to Portugal. The main products that Hungary exported to Portugal are Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). During the last 27 years the exports of Hungary to Portugal have increased at an annualized rate of 16.1%, from $13M in 1995 to $730M in 2022.

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

Portugal-Hungary In 2022, Portugal exported $415M to Hungary. The main products that Portugal exported to Hungary were Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). During the last 27 years the exports of Portugal to Hungary have increased at an annualized rate of 8.29%, from $48.3M in 1995 to $415M in 2022.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Comparison In 2022, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $730M to Portugal. The main products exported from Hungary to Portugal were Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). During the last 27 years the exports of Hungary to Portugal have increased at an annualized rate of 16.1%, from $13M in 1995 to $730M in 2022.

In 2022, Portugal exported $415M to Hungary. The main products exported from Portugal to Hungary were Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). During the last 27 years the exports of Portugal to Hungary have increased at an annualized rate of 8.29%, from $48.3M in 1995 to $415M in 2022.

Exports from Hungary () to Portugal () (2022)

Exports from Portugal () to Hungary () (2022)

Latest Data

Trade between Hungary () and Portugal ()

Hungary Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Portugal
Top DestinationSpain$20.5B

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

In 2021, countries that imported more from Hungary than Portugal were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2021, countries that imported more from Portugal than Hungary were Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

Comparative Advantage Hungary - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Portugal in the exports of Machines ($316M), Transportation ($134M), and Chemical Products ($122M).

During 2022, Portugal had a large net trade with Hungary in the exports of Machines ($184M), Transportation ($79.7M), and Instruments ($30.6M).

Service Trade

Bilateral Service Trade

Prt Year

Hun Year

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Portugal () (2020)

Services Exports from Portugal () to Hungary () (2020)

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 Hungary has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Hungary.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Portugal () (2022)

Exports from Portugal () to Hungary () (2022)

Latest Data

Trade between Hungary () and Portugal ()

Hungary Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Hungary - Portugal

Service Trade

Bilateral Service Trade

Services Exports from Hungary () to Portugal () (2020)

Services Exports from Portugal () to Hungary () (2020)

Economic Complexity

Competitive Landscape

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

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