Hungary (HUN) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Hungary-Greece In 2022, Hungary exported $738M to Greece. The main products that Hungary exported to Greece are Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). During the last 27 years the exports of Hungary to Greece have increased at an annualized rate of 9.25%, from $67.7M in 1995 to $738M in 2022.

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

Greece-Hungary In 2022, Greece exported $468M to Hungary. The main products that Greece exported to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). During the last 27 years the exports of Greece to Hungary have increased at an annualized rate of 7.39%, from $68.3M in 1995 to $468M in 2022.

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) 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, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $738M to Greece. The main products exported from Hungary to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). During the last 27 years the exports of Hungary to Greece have increased at an annualized rate of 9.25%, from $67.7M in 1995 to $738M in 2022.

In 2022, Greece exported $468M to Hungary. The main products exported from Greece to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). During the last 27 years the exports of Greece to Hungary have increased at an annualized rate of 7.39%, from $68.3M in 1995 to $468M in 2022.

Exports from Hungary () to Greece () (2022)

Exports from Greece () to Hungary () (2022)

Latest Data

Trade between Hungary () and Greece ()

Hungary Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Greece
Top DestinationItaly$5.82B

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

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

In 2021, countries that imported more from Greece than Hungary were Cyprus ($2.92B), Libya ($1.95B), and Bulgaria ($3.62B).

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

Comparative Advantage Hungary - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Greece in the exports of Machines ($224M), Transportation ($128M), and Chemical Products ($103M).

During 2022, Greece had a large net trade with Hungary in the exports of Textiles ($88.1M), Footwear and Headwear ($64M), and Metals ($57.1M).

Service Trade

Bilateral Service Trade

Grc Year

Hun Year

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Greece () (2020)

Services Exports from Greece () to Hungary () (2020)

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Greece () (2022)

Exports from Greece () to Hungary () (2022)

Latest Data

Trade between Hungary () and Greece ()

Hungary Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Hungary - Greece

Service Trade

Bilateral Service Trade

Services Exports from Hungary () to Greece () (2020)

Services Exports from Greece () to Hungary () (2020)

Economic Complexity

Competitive Landscape

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

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