2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$185BCURRENT US$
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2012-2022
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GDP GROWTH
6.04%CURRENT US$
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2022
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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2022
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GDP PC
$43,233CURRENT US$
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2012-2022
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GDP PC GROWTH
-15.7%CURRENT US$
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About

Hungary-Kuwait Trade: In 2022, Hungary exported $346M to Kuwait. The main products that Hungary exported to Kuwait were Gas Turbines ($259M), Cars ($20.9M), and Medical Instruments ($6.53M). Over the past 5 years the exports of Hungary to Kuwait have increased at an annualized rate of 47.9%, from $48.9M in 2017 to $346M in 2022.

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

Kuwait-Hungary Trade: In 2022, Kuwait exported $1.64M to Hungary. The main products that Kuwait exported to Hungary were Broadcasting Equipment ($1.3M), Office Machine Parts ($82.4k), and Telephones ($81.1k). Over the past 5 years the exports of Kuwait to Hungary have increased at an annualized rate of 18.3%,  from $185k in 2017 to $1.64M in 2022.

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

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $346M to Kuwait. The main products exported from Hungary to Kuwait were Gas Turbines ($259M), Cars ($20.9M), and Medical Instruments ($6.53M). During the last 5 years the exports of Hungary to Kuwait have increased at an annualized rate of 47.9%, from $48.9M in 2017 to $346M in 2022.

In 2017, Kuwait exported $1.64M to Hungary. The main products exported from Kuwait to Hungary were Broadcasting Equipment ($1.3M), Office Machine Parts ($82.4k), and Telephones ($81.1k). During the last 5 years the exports of Kuwait to Hungary have increased at an annualized rate of 18.3%, from $185k in 2022 to $1.64M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Kuwait (Flag)

Hungary Exports

Kuwait Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Kuwait
Top Destination
China$24.3B

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

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

In 2022, countries that imported more from Kuwait than Hungary included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Hungary - Kuwait

Flow
Scale

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

During 2022, Hungary had a large net trade with Kuwait in the exports of Machines ($281M), Transportation ($22.6M), and Instruments ($10.9M).

During 2017, Kuwait had a large net trade with Hungary in the exports of Machines ($1.59M), Textiles ($34.1k), and Footwear and Headwear ($5.58k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Kuwait+$21.2MCars
Top Product Potential Kuwait Hungary+$988kTelephones

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

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

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

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