Ghana (GHA) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Ghana-Hungary Trade: In 2022, Ghana exported $1.22M to Hungary. The main products that Ghana exported to Hungary were Rubber ($1.02M), Processed Fish ($131k), and Broadcasting Equipment ($29.6k). Over the past 5 years the exports of Ghana to Hungary have decreased at an annualized rate of 6.92%, from $1.75M in 2017 to $1.22M in 2022.

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

Hungary-Ghana Trade: In 2022, Hungary exported $14.9M to Ghana. The main products that Hungary exported to Ghana were Other Office Machines ($3.26M), Centrifuges ($2.63M), and Pesticides ($1.67M). Over the past 5 years the exports of Hungary to Ghana have decreased at an annualized rate of 1.03%, from $15.7M in 2017 to $14.9M in 2022.

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

Comparison: In 2022, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). 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, Ghana exported $1.22M to Hungary. The main products exported from Ghana to Hungary were Rubber ($1.02M), Processed Fish ($131k), and Broadcasting Equipment ($29.6k). During the last 5 years the exports of Ghana to Hungary have decreased at an annualized rate of 6.92%, from $1.75M in 2017 to $1.22M in 2022.

In 2017, Hungary exported $14.9M to Ghana. The main products exported from Hungary to Ghana were Other Office Machines ($3.26M), Centrifuges ($2.63M), and Pesticides ($1.67M). During the last 5 years the exports of Hungary to Ghana have decreased at an annualized rate of 1.03%, from $15.7M in 2022 to $14.9M in 2017.

Exports from Ghana () to Hungary () (2022)

Exports from Hungary () to Ghana () (2022)

Latest Data

Trade between Ghana () and Hungary ()

Ghana Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Ghana than Hungary included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

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

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

Comparative Advantage Ghana - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Hungary in the exports of Plastics and Rubbers ($1.02M), Foodstuffs ($131k), and Machines ($44.7k).

During 2017, Hungary had a large net trade with Ghana in the exports of Machines ($7.55M), Chemical Products ($4.69M), and Textiles ($1.35M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Hungary+$717kRubber

Top Product Potential Hungary Ghana+$1.55MPesticides

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

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Hungary () (2022)

Exports from Hungary () to Ghana () (2022)

Latest Data

Trade between Ghana () and Hungary ()

Ghana Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Ghana - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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