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2022
Flag → Flag
Exports $280MRnk 47 / 205
2022
Flag → Flag
Top Product $81.2MCombustion Engines
2022
Flag → Flag
Exports $15.6MRnk 115 / 168
2022
Flag → Flag
Top Product $5.74MHarvesting Machinery
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

Hungary-Argentina Trade: In 2022, Hungary exported $280M to Argentina. The main products that Hungary exported to Argentina were Combustion Engines ($81.2M), Motor vehicles; parts and accessories (8701 to 8705) ($63.3M), and Gas Turbines ($35.1M). Over the past 5 years the exports of Hungary to Argentina have increased at an annualized rate of 1.77%, from $256M in 2017 to $280M in 2022.

In 2020, Hungary exported services to Argentina worth $15.3M, with Travel ($14.3M), Royalties and license fees ($685k), and Transportation ($228k) being the largest in terms of value.

Argentina-Hungary Trade: In 2022, Argentina exported $15.6M to Hungary. The main products that Argentina exported to Hungary were Harvesting Machinery ($5.74M), Ground Nuts ($5.1M), and Broadcasting Equipment ($1.64M). Over the past 5 years the exports of Argentina to Hungary have increased at an annualized rate of 5.46%,  from $12M in 2017 to $15.6M in 2022.

In 2022, Argentina 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, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $280M to Argentina. The main products exported from Hungary to Argentina were Combustion Engines ($81.2M), Motor vehicles; parts and accessories (8701 to 8705) ($63.3M), and Gas Turbines ($35.1M). During the last 5 years the exports of Hungary to Argentina have increased at an annualized rate of 1.77%, from $256M in 2017 to $280M in 2022.

In 2017, Argentina exported $15.6M to Hungary. The main products exported from Argentina to Hungary were Harvesting Machinery ($5.74M), Ground Nuts ($5.1M), and Broadcasting Equipment ($1.64M). During the last 5 years the exports of Argentina to Hungary have increased at an annualized rate of 5.46%, from $12M in 2022 to $15.6M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Argentina (Flag)

Hungary Exports

Argentina Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Argentina
Top DestinationBrazil$12.6B

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

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

In 2022, countries that imported more from Argentina than Hungary included Brazil ($12.6B), China ($8B), and Chile ($5.11B).

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

Comparative Advantage Hungary - Argentina

Flow
Scale

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

During 2022, Hungary had a large net trade with Argentina in the exports of Machines ($152M), Transportation ($64.4M), and Chemical Products ($22.1M).

During 2017, Argentina had a large net trade with Hungary in the exports of Machines ($8.04M), Vegetable Products ($6.9M), and Foodstuffs ($394k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Argentina+$30.3MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Argentina Hungary+$4.95MCorn

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

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

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