2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Hungary-Estonia Trade: In 2022, Hungary exported $128M to Estonia. The main products that Hungary exported to Estonia were Broadcasting Equipment ($12.5M), Cars ($6.55M), and Trailers and semi-trailers, not mechanically propelled vehicles ($5.54M). Over the past 5 years the exports of Hungary to Estonia have decreased at an annualized rate of 6.08%, from $175M in 2017 to $128M in 2022.

In 2020, Hungary exported services to Estonia worth $7.77M, with Computer and information services ($3.54M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

Estonia-Hungary Trade: In 2022, Estonia exported $79.9M to Hungary. The main products that Estonia exported to Hungary were Semi chemical Woodpulp ($9.56M), Sawn Wood ($4.88M), and Other Metal Fasteners ($4.6M). Over the past 5 years the exports of Estonia to Hungary have increased at an annualized rate of 6.26%,  from $59M in 2017 to $79.9M in 2022.

In 2020, Estonia exported services to Hungary worth $19.5M, with Other business services ($9.25M), Transportation ($6.05M), and Computer and information services ($2.06M) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38),  and 35 in total exports ($145B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $128M to Estonia. The main products exported from Hungary to Estonia were Broadcasting Equipment ($12.5M), Cars ($6.55M), and Trailers and semi-trailers, not mechanically propelled vehicles ($5.54M). During the last 5 years the exports of Hungary to Estonia have decreased at an annualized rate of 6.08%, from $175M in 2017 to $128M in 2022.

In 2017, Estonia exported $79.9M to Hungary. The main products exported from Estonia to Hungary were Semi chemical Woodpulp ($9.56M), Sawn Wood ($4.88M), and Other Metal Fasteners ($4.6M). During the last 5 years the exports of Estonia to Hungary have increased at an annualized rate of 6.26%, from $59M in 2022 to $79.9M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Estonia (Flag)

Hungary Exports

Estonia Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Estonia
Top Destination
Finland$3B

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

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

In 2022, countries that imported more from Estonia than Hungary included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Comparative Advantage Hungary - Estonia

Flow
Scale

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

During 2022, Hungary had a large net trade with Estonia in the exports of Machines ($52.5M), Transportation ($15M), and Plastics and Rubbers ($14.3M).

During 2017, Estonia had a large net trade with Hungary in the exports of Wood Products ($13M), Machines ($12.4M), and Paper Goods ($9.8M).

Bilateral Service Trade

In 2020, Hungary exported services to Estonia worth $7.77M, with Computer and information services ($3.54M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

In 2020, Estonia exported services to Hungary worth $19.5M, with Other business services ($9.25M), Transportation ($6.05M), and Computer and information services ($2.06M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Estonia (Flag) (2020)

Services Exports from Estonia (Flag) to Hungary (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hungary and Estonia. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Hungary.

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

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