Gambia (GMB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Gambia-Hungary Trade: In 2023, Gambia exported $2.47k to Hungary. The main products that Gambia exported to Hungary were Office Machine Parts ($2.47k). Over the past 14 years the exports of Gambia to Hungary have increased at an annualized rate of 6.67%, from $1k in 2009 to $2.47k in 2023.

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

Hungary-Gambia Trade: In 2023, Hungary exported $188k to Gambia. The main products that Hungary exported to Gambia were Used Clothing ($122k), Poultry Meat ($46.4k), and Computers ($10.6k). Over the past 14 years the exports of Hungary to Gambia have decreased at an annualized rate of 36.4%, from $1.81M in 2009 to $188k in 2023.

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

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. 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, Gambia exported $2.47k to Hungary. The main products exported from Gambia to Hungary were Office Machine Parts ($2.47k). During the last 14 years the exports of Gambia to Hungary have increased at an annualized rate of 6.67%, from $1k in 2009 to $2.47k in 2023.

In 2018, Hungary exported $188k to Gambia. The main products exported from Hungary to Gambia were Used Clothing ($122k), Poultry Meat ($46.4k), and Computers ($10.6k). During the last 5 years the exports of Hungary to Gambia have decreased at an annualized rate of 36.4%, from $1.81M in 2023 to $188k in 2018.

Exports from Gambia () to Hungary () (2023)

Exports from Hungary () to Gambia () (2023)

Latest Data

Trade between Gambia () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Gambia than Hungary included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

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

Comparative Advantage Gambia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gambia had a large net trade with Hungary in the exports of Machines ($2.47k).

During 2018, Hungary had a large net trade with Gambia in the exports of Textiles ($125k), Animal Products ($46.4k), and Machines ($10.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Hungary+$7.59kTelephones

Top Product Potential Hungary Gambia+$19.6kUsed Clothing

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Hungary () (2023)

Exports from Hungary () to Gambia () (2023)

Latest Data

Trade between Gambia () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Gambia - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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