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2022
Flag → Flag
Exports $730MRnk 30 / 205
2022
Flag → Flag
Top Product $133MSpark-Ignition Engines
2022
Flag → Flag
Exports $415MRnk 27 / 208
2022
Flag → Flag
Top Product $54.7MRadio Receivers
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Hungary-Portugal Trade: In 2022, Hungary exported $730M to Portugal. The main products that Hungary exported to Portugal were Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). Over the past 5 years the exports of Hungary to Portugal have increased at an annualized rate of 8.96%, from $475M in 2017 to $730M in 2022.

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

Portugal-Hungary Trade: In 2022, Portugal exported $415M to Hungary. The main products that Portugal exported to Hungary were Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). Over the past 5 years the exports of Portugal to Hungary have increased at an annualized rate of 5.12%,  from $252M in 2017 to $415M in 2022.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $730M to Portugal. The main products exported from Hungary to Portugal were Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). During the last 5 years the exports of Hungary to Portugal have increased at an annualized rate of 8.96%, from $475M in 2017 to $730M in 2022.

In 2017, Portugal exported $415M to Hungary. The main products exported from Portugal to Hungary were Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). During the last 5 years the exports of Portugal to Hungary have increased at an annualized rate of 5.12%, from $252M in 2022 to $415M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Portugal (Flag)

Hungary Exports

Portugal Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Hungary than Portugal included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Portugal than Hungary included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

Comparative Advantage Hungary - Portugal

Flow
Scale

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

During 2022, Hungary had a large net trade with Portugal in the exports of Machines ($316M), Transportation ($134M), and Chemical Products ($122M).

During 2017, Portugal had a large net trade with Hungary in the exports of Machines ($184M), Transportation ($79.7M), and Instruments ($30.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Portugal+$51.5MCars
Top Product Potential Portugal Hungary+$24.2MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Portugal (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 Portugal. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Hungary.

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

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