Hungary (HUN) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Hungary-Ghana Trade: In 2023, Hungary exported $16.4M to Ghana. The main products that Hungary exported to Ghana were Pesticides ($8.39M), Integrated Circuits ($2.25M), and Other Nitrogen Compounds ($1.49M). Over the past 5 years the exports of Hungary to Ghana have increased at an annualized rate of 14.1%, from $8.46M in 2018 to $16.4M in 2023.

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

Ghana-Hungary Trade: In 2023, Ghana exported $4.49M to Hungary. The main products that Ghana exported to Hungary were Rubber ($3.43M), Broadcasting Equipment ($870k), and Office Machine Parts ($68.4k). Over the past 5 years the exports of Ghana to Hungary have increased at an annualized rate of 39.7%, from $842k in 2018 to $4.49M in 2023.

In 2023, Ghana 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, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $16.4M to Ghana. The main products exported from Hungary to Ghana were Pesticides ($8.39M), Integrated Circuits ($2.25M), and Other Nitrogen Compounds ($1.49M). During the last 5 years the exports of Hungary to Ghana have increased at an annualized rate of 14.1%, from $8.46M in 2018 to $16.4M in 2023.

In 2018, Ghana exported $4.49M to Hungary. The main products exported from Ghana to Hungary were Rubber ($3.43M), Broadcasting Equipment ($870k), and Office Machine Parts ($68.4k). During the last 5 years the exports of Ghana to Hungary have increased at an annualized rate of 39.7%, from $842k in 2023 to $4.49M in 2018.

Exports from Hungary () to Ghana () (2023)

Exports from Ghana () to Hungary () (2023)

Latest Data

Trade between Hungary () and Ghana ()

Hungary Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Hungary than Ghana included Germany ($37.4B), Romania ($8.43B), and Italy ($9.08B).

In 2023, countries that imported more from Ghana than Hungary included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

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

Comparative Advantage Hungary - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Ghana in the exports of Chemical Products ($10.1M), Machines ($4.27M), and Textiles ($620k).

During 2018, Ghana had a large net trade with Hungary in the exports of Plastics and Rubbers ($3.43M), Machines ($997k), and Animal Products ($20.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Ghana+$1.55MPesticides

Top Product Potential Ghana Hungary+$717kRubber

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Ghana () (2023)

Exports from Ghana () to Hungary () (2023)

Latest Data

Trade between Hungary () and Ghana ()

Hungary Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Hungary - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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