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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GDP GROWTH
6.04%CURRENT US$
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GDP PC 
$18,463CURRENT US$
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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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GDP PC GROWTH
-15.7%CURRENT US$
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About

Hungary-Kuwait In 2022, Hungary exported $346M to Kuwait. The main products that Hungary exported to Kuwait are Gas Turbines ($259M), Cars ($20.9M), and Medical Instruments ($6.53M). During the last 27 years the exports of Hungary to Kuwait have increased at an annualized rate of 13.1%, from $12.5M in 1995 to $346M in 2022.

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

Kuwait-Hungary 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). During the last 27 years the exports of Kuwait to Hungary have increased at an annualized rate of 13.3%, from $56.9k in 1995 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 27 years the exports of Hungary to Kuwait have increased at an annualized rate of 13.1%, from $12.5M in 1995 to $346M in 2022.

In 2022, 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 27 years the exports of Kuwait to Hungary have increased at an annualized rate of 13.3%, from $56.9k in 1995 to $1.64M in 2022.

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 2021, countries that imported more from Hungary than Kuwait were Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2021, countries that imported more from Kuwait than Hungary were 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 2022, Kuwait had a large net trade with Hungary in the exports of Machines ($1.59M), Textiles ($34.1k), and Footwear and Headwear ($5.58k).

Economic Complexity

Competitive Landscape

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

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

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