Hungary (HUN) and Egypt (EGY) Trade | The Observatory of Economic Complexity

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Hungary-Egypt Trade: In 2023, Hungary exported $296M to Egypt. The main products that Hungary exported to Egypt were Railway Passenger Cars ($126M), Cars ($28.8M), and Liquid Pumps ($10.4M). Over the past 5 years the exports of Hungary to Egypt have increased at an annualized rate of 12.2%, from $166M in 2018 to $296M in 2023.

In 2020, Hungary exported services to Egypt worth $13.2M, with Travel ($8.45M), Transportation ($2.28M), and Other business services ($1.6M) being the largest in terms of value.

Egypt-Hungary Trade: In 2023, Egypt exported $95.4M to Hungary. The main products that Egypt exported to Hungary were Carbon ($12.1M), Air Conditioners ($11.6M), and Broadcasting Equipment ($11.1M). Over the past 5 years the exports of Egypt to Hungary have decreased at an annualized rate of 12%, from $181M in 2018 to $95.4M in 2023.

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

Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $296M to Egypt. The main products exported from Hungary to Egypt were Railway Passenger Cars ($126M), Cars ($28.8M), and Liquid Pumps ($10.4M). During the last 5 years the exports of Hungary to Egypt have increased at an annualized rate of 12.2%, from $166M in 2018 to $296M in 2023.

In 2018, Egypt exported $95.4M to Hungary. The main products exported from Egypt to Hungary were Carbon ($12.1M), Air Conditioners ($11.6M), and Broadcasting Equipment ($11.1M). During the last 5 years the exports of Egypt to Hungary have decreased at an annualized rate of 12%, from $181M in 2023 to $95.4M in 2018.

Exports from Hungary () to Egypt () (2023)

Exports from Egypt () to Hungary () (2023)

Latest Data

Trade between Hungary () and Egypt ()

Hungary Exports

Date

Egypt Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Egypt
Top DestinationSaudi Arabia$5.31B

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

In 2023, countries that imported more from Hungary than Egypt included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

In 2023, countries that imported more from Egypt than Hungary included Saudi Arabia ($5.31B), Turkey ($4.63B), and Libya ($1.79B).

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

Comparative Advantage Hungary - Egypt

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Egypt in the exports of Transportation ($158M), Machines ($53.6M), and Chemical Products ($29.7M).

During 2018, Egypt had a large net trade with Hungary in the exports of Machines ($33.6M), Vegetable Products ($17.6M), and Plastics and Rubbers ($16M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Egypt+$32.2MCars

Top Product Potential Egypt Hungary+$10.7MInsulated Wire

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Egypt () (2023)

Exports from Egypt () to Hungary () (2023)

Latest Data

Trade between Hungary () and Egypt ()

Hungary Exports

Egypt Exports

Market Competitiveness

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

Comparative Advantage Hungary - Egypt

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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