Hungary (HUN) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Hungary-Azerbaijan In 2022, Hungary exported $59.7M to Azerbaijan. The main products that Hungary exported to Azerbaijan are Packaged Medicaments ($23.1M), Flavored Water ($3.83M), and Dental Products ($2.56M). During the last 27 years the exports of Hungary to Azerbaijan have increased at an annualized rate of 10.5%, from $4.03M in 1995 to $59.7M in 2022.

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

Azerbaijan-Hungary In 2022, Azerbaijan exported $2.31M to Hungary. The main products that Azerbaijan exported to Hungary were Refined Petroleum ($1.6M), Broadcasting Equipment ($484k), and Cars ($51.5k). During the last 27 years the exports of Azerbaijan to Hungary have increased at an annualized rate of 12.9%, from $87.4k in 1995 to $2.31M in 2022.

In 2008, Azerbaijan exported services to Hungary worth $1k, with Communications services ($1k) being the largest in terms of value.

Comparison In 2022, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Azerbaijan ranked 82 in the Economic Complexity Index (ECI -0.47), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $59.7M to Azerbaijan. The main products exported from Hungary to Azerbaijan were Packaged Medicaments ($23.1M), Flavored Water ($3.83M), and Dental Products ($2.56M). During the last 27 years the exports of Hungary to Azerbaijan have increased at an annualized rate of 10.5%, from $4.03M in 1995 to $59.7M in 2022.

In 2022, Azerbaijan exported $2.31M to Hungary. The main products exported from Azerbaijan to Hungary were Refined Petroleum ($1.6M), Broadcasting Equipment ($484k), and Cars ($51.5k). During the last 27 years the exports of Azerbaijan to Hungary have increased at an annualized rate of 12.9%, from $87.4k in 1995 to $2.31M in 2022.

Exports from Hungary () to Azerbaijan () (2022)

Exports from Azerbaijan () to Hungary () (2022)

Latest Data

Trade between Hungary () and Azerbaijan ()

Hungary Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2021, countries that imported more from Azerbaijan than Hungary were Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Hungary - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Azerbaijan in the exports of Chemical Products ($30.1M), Machines ($9.87M), and Foodstuffs ($7.32M).

During 2022, Azerbaijan had a large net trade with Hungary in the exports of Mineral Products ($1.6M), Machines ($568k), and Transportation ($52.9k).

Service Trade

Bilateral Service Trade

Aze Year

In 2008, Azerbaijan exported services to Hungary worth $1k, with Communications services ($1k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Azerbaijan () to Hungary () (2008)

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 Hungary has comparative advantage over Azerbaijan. Similarly, the more yellow a dot/product is, the more Azerbaijan has comparative advantage over Hungary.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Azerbaijan () (2022)

Exports from Azerbaijan () to Hungary () (2022)

Latest Data

Trade between Hungary () and Azerbaijan ()

Hungary Exports

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Hungary - Azerbaijan

Service Trade

Bilateral Service Trade

Services Exports from Azerbaijan () to Hungary () (2008)

Economic Complexity

Competitive Landscape

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

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