Gabon (GAB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Gabon-Hungary Trade: In 2023, Gabon exported $20.8k to Hungary. The main products that Gabon exported to Hungary were Broadcasting Equipment ($11.7k), Integrated Circuits ($4.54k), and Telephones ($3.69k). Over the past 5 years the exports of Gabon to Hungary have decreased at an annualized rate of 46.5%, from $475k in 2018 to $20.8k in 2023.

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

Hungary-Gabon Trade: In 2023, Hungary exported $4.26M to Gabon. The main products that Hungary exported to Gabon were Poultry Meat ($794k), Cars ($500k), and Cereal Meal and Pellets ($386k). Over the past 5 years the exports of Hungary to Gabon have decreased at an annualized rate of 6.44%, from $5.95M in 2018 to $4.26M in 2023.

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

Comparison: In 2023, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gabon exported $20.8k to Hungary. The main products exported from Gabon to Hungary were Broadcasting Equipment ($11.7k), Integrated Circuits ($4.54k), and Telephones ($3.69k). During the last 5 years the exports of Gabon to Hungary have decreased at an annualized rate of 46.5%, from $475k in 2018 to $20.8k in 2023.

In 2018, Hungary exported $4.26M to Gabon. The main products exported from Hungary to Gabon were Poultry Meat ($794k), Cars ($500k), and Cereal Meal and Pellets ($386k). During the last 5 years the exports of Hungary to Gabon have decreased at an annualized rate of 6.44%, from $5.95M in 2023 to $4.26M in 2018.

Exports from Gabon () to Hungary () (2023)

Exports from Hungary () to Gabon () (2023)

Latest Data

Trade between Gabon () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$2.77B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Gabon than Hungary included Indonesia ($875M), Republic of the Congo ($574M), and Malaysia ($372M).

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

Difference in imports from Hungary () and Gabon () (2023)

Comparative Advantage Gabon - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gabon had a large net trade with Hungary in the exports of Machines ($20.8k).

During 2018, Hungary had a large net trade with Gabon in the exports of Animal Products ($1.14M), Machines ($754k), and Transportation ($641k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Hungary+$21.1kTelephones

Top Product Potential Hungary Gabon+$353kPoultry Meat

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 Gabon and Hungary. This means that a dot/product with the flag of Gabon indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Gabon.

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Hungary () (2023)

Exports from Hungary () to Gabon () (2023)

Latest Data

Trade between Gabon () and Hungary ()

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Gabon () (2023)

Comparative Advantage Gabon - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Gabon () and Hungary () (2023)

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