Hungary (HUN) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Hungary-Angola Trade: In 2022, Hungary exported $8.17M to Angola. The main products that Hungary exported to Angola were Other Office Machines ($2.22M), Rubber Pipes ($1.48M), and Poultry Meat ($1.13M). Over the past 5 years the exports of Hungary to Angola have decreased at an annualized rate of 29.4%, from $46.5M in 2017 to $8.17M in 2022.

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

Angola-Hungary Trade: In 2022, Angola exported $322k to Hungary. The main products that Angola exported to Hungary were Broadcasting Equipment ($299k), Other Electrical Machinery ($11.9k), and Electrical Transformers ($3.58k). Over the past 5 years the exports of Angola to Hungary have increased at an annualized rate of 115%, from $6.99k in 2017 to $322k in 2022.

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

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $8.17M to Angola. The main products exported from Hungary to Angola were Other Office Machines ($2.22M), Rubber Pipes ($1.48M), and Poultry Meat ($1.13M). During the last 5 years the exports of Hungary to Angola have decreased at an annualized rate of 29.4%, from $46.5M in 2017 to $8.17M in 2022.

In 2017, Angola exported $322k to Hungary. The main products exported from Angola to Hungary were Broadcasting Equipment ($299k), Other Electrical Machinery ($11.9k), and Electrical Transformers ($3.58k). During the last 5 years the exports of Angola to Hungary have increased at an annualized rate of 115%, from $6.99k in 2022 to $322k in 2017.

Exports from Hungary () to Angola () (2022)

Exports from Angola () to Hungary () (2022)

Latest Data

Trade between Hungary () and Angola ()

Hungary Exports

Date

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Angola
Top DestinationChina$21.8B

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

In 2022, countries that imported more from Hungary than Angola included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Angola than Hungary included China ($21.8B), India ($4.81B), and United Arab Emirates ($3.63B).

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

Comparative Advantage Hungary - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Angola in the exports of Machines ($2.89M), Animal Products ($1.92M), and Plastics and Rubbers ($1.71M).

During 2017, Angola had a large net trade with Hungary in the exports of Machines ($319k), Mineral Products ($3.12k), and Textiles ($18).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Angola+$1.37MPoultry Meat

Top Product Potential Angola Hungary+$202kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Angola () (2022)

Exports from Angola () to Hungary () (2022)

Latest Data

Trade between Hungary () and Angola ()

Hungary Exports

Angola Exports

Market Competitiveness

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

Comparative Advantage Hungary - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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