Greece (GRC) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Greece-Hungary In 2022, Greece exported $468M to Hungary. The main products that Greece exported to Hungary are Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). During the last 27 years the exports of Greece to Hungary have increased at an annualized rate of 7.39%, from $68.3M in 1995 to $468M in 2022.

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

Hungary-Greece In 2022, Hungary exported $738M to Greece. The main products that Hungary exported to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). During the last 27 years the exports of Hungary to Greece have increased at an annualized rate of 9.25%, from $67.7M in 1995 to $738M in 2022.

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

Comparison In 2022, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $468M to Hungary. The main products exported from Greece to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). During the last 27 years the exports of Greece to Hungary have increased at an annualized rate of 7.39%, from $68.3M in 1995 to $468M in 2022.

In 2022, Hungary exported $738M to Greece. The main products exported from Hungary to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). During the last 27 years the exports of Hungary to Greece have increased at an annualized rate of 9.25%, from $67.7M in 1995 to $738M in 2022.

Exports from Greece () to Hungary () (2022)

Exports from Hungary () to Greece () (2022)

Latest Data

Trade between Greece () and Hungary ()

Greece Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Greece than Hungary were Cyprus ($2.92B), Libya ($1.95B), and Bulgaria ($3.62B).

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

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

Comparative Advantage Greece - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Hungary in the exports of Textiles ($88.1M), Footwear and Headwear ($64M), and Metals ($57.1M).

During 2022, Hungary had a large net trade with Greece in the exports of Machines ($224M), Transportation ($128M), and Chemical Products ($103M).

Service Trade

Bilateral Service Trade

Hun Year

Grc Year

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Hungary () to Greece () (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 Greece has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Greece.

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Hungary () (2022)

Exports from Hungary () to Greece () (2022)

Latest Data

Trade between Greece () and Hungary ()

Greece Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Greece - Hungary

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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