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Pricing

2022
Flag → Flag
Exports $14.7kRnk 65 / 105
2022
Flag → Flag
Top Product $9.53kElectrical Transformers
2022
Flag → Flag
Exports $3.48MRnk 123 / 205
2022
Flag → Flag
Top Product $1.33MUsed Clothing
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Guinea-Hungary Trade: In 2022, Guinea exported $14.7k to Hungary. The main products that Guinea exported to Hungary were Electrical Transformers ($9.53k), Other live plants, cuttings and slips; mushroom spawn ($4.86k), and Computers ($253). Over the past 5 years the exports of Guinea to Hungary have increased at an annualized rate of 44.8%, from $2.31k in 2017 to $14.7k in 2022.

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

Hungary-Guinea Trade: In 2022, Hungary exported $3.48M to Guinea. The main products that Hungary exported to Guinea were Used Clothing ($1.33M), Other Nitrogen Compounds ($831k), and Poultry Meat ($712k). Over the past 5 years the exports of Hungary to Guinea have increased at an annualized rate of 8.07%,  from $2.36M in 2017 to $3.48M in 2022.

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

Comparison: In 2022,  Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). 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
Value

In 2022, Guinea exported $14.7k to Hungary. The main products exported from Guinea to Hungary were Electrical Transformers ($9.53k), Other live plants, cuttings and slips; mushroom spawn ($4.86k), and Computers ($253). During the last 5 years the exports of Guinea to Hungary have increased at an annualized rate of 44.8%, from $2.31k in 2017 to $14.7k in 2022.

In 2017, Hungary exported $3.48M to Guinea. The main products exported from Hungary to Guinea were Used Clothing ($1.33M), Other Nitrogen Compounds ($831k), and Poultry Meat ($712k). During the last 5 years the exports of Hungary to Guinea have increased at an annualized rate of 8.07%, from $2.36M in 2022 to $3.48M in 2017.

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

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

Latest Data

Trade between Guinea (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
Guinea
Top DestinationChina$3.81B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Guinea than Hungary included India ($2.77B), United Arab Emirates ($2.59B), and China ($3.81B).

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

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

Comparative Advantage Guinea - Hungary

Flow
Scale

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

During 2022, Guinea had a large net trade with Hungary in the exports of Machines ($9.79k), Vegetable Products ($4.86k), and Textiles ($28).

During 2017, Hungary had a large net trade with Guinea in the exports of Textiles ($1.33M), Chemical Products ($961k), and Animal Products ($772k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Hungary+$19.5kElectrical Transformers
Top Product Potential Hungary Guinea+$523kPoultry 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

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

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

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