Flag Hungary / Romania Flag

2019
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Exports
: $6.21B, Rnk 2 / 205

2019
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Top Product
: $517M, Packaged Medicaments

2019
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Exports
: $3.32B, Rnk 4 / 195

2019
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Top Product
: $344M, Insulated Wire

2019
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Economic Complexity (ECI)
: ECI 1.46, Rnk 14 / 146

2019
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Economic Complexity (ECI)
: ECI 1.08, Rnk 24 / 146

2019
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GDP
: $163B, CURRENT US$
Rnk 55 / 187

2009-2019
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GDP GROWTH
: 25%, CURRENT US$
Rnk 140 / 187

2019
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 GDP
: $250B, CURRENT US$
Rnk 46 / 187

2009-2019
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GDP GROWTH
: 43.6%, CURRENT US$
Rnk 103 / 187

2019
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GDP PC 
: $16,732, CURRENT US$
Rnk 54 / 187

2009-2019
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GDP PC GROWTH
: 28.2%, CURRENT US$
Rnk 96 / 187

2019
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GDP PC
: $12,920, CURRENT US$
Rnk 62 / 187

2009-2019
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GDP PC GROWTH
: 51.1%, CURRENT US$
Rnk 55 / 187

Hungary-Romania: In 2019, Hungary exported $6.21B to Romania. The main products that Hungary exported to Romania are Packaged Medicaments ($517M), Refined Petroleum ($230M), and Cars ($226M). During the last 24 years the exports of Hungary to Romania have increased at an annualized rate of 12.7%, from $348M in 1995 to $6.21B in 2019.

In 2016, Hungary exported services to Romania worth $1.12B, with Travel ($551M), Transportation ($455M), and Other business services ($61M) being the largest in terms of value.

Romania-Hungary: In 2019, Romania exported $3.32B to Hungary . The main products that Romania exported to Hungary were Insulated Wire ($344M), Vehicle Parts ($211M), and Raw Aluminium ($135M). During the last 24 years the exports of Romania to Hungary have increased at an annualized rate of 13.1%, from $173M in 1995 to $3.32B in 2019.

In 2016, Romania exported services to Hungary worth $576M, with Transportation ($222M), Travel ($219M), and Other business services ($85.6M) being the largest in terms of value.

Comparison: In 2019,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.46), and 33 in total exports ($121B). That same year, Romania ranked 24 in the Economic Complexity Index (ECI 1.08), and 41 in total exports ($78.7B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, Hungary exported $6.21B to Romania. The main products exported from Hungary to Romania were Packaged Medicaments ($517M), Refined Petroleum ($230M), and Cars ($226M). During the last 24 years the exports of Hungary to Romania have increased at an annualized rate of 12.7%, from $348M in 1995 to $6.21B in 2019.

In 2019, Romania exported $3.32B to Hungary. The main products exported from Romania to Hungary were Insulated Wire ($344M), Vehicle Parts ($211M), and Raw Aluminium ($135M). During the last 24 years the exports of Romania to Hungary have increased at an annualized rate of 13.1%, from $173M in 1995 to $3.32B in 2019.

Market Competitiveness

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Measure

Hungary
Top Destination
: Germany, $32.6B

Romania
Top Destination
: Germany, $17.3B

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

In 2019, countries that imported more from Hungary than Romania were Germany ($32.6B), Slovakia ($5.88B), and Austria ($5.33B).

In 2019, countries that imported more from Romania than Hungary were Italy ($8.17B), Bulgaria ($2.63B), and Moldova ($1.19B).

Comparative Advantage Hungary - Romania

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Depth

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

During 2019, Hungary had a large net trade with Romania in the exports of Machines ($1.39B), Chemical Products ($877M), and Mineral Products ($578M).

During 2019, Romania had a large net trade with Hungary in the exports of Machines ($1.14B), Metals ($452M), and Transportation ($294M).

Bilateral Service Trade

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In 2016, Hungary exported services to Romania worth $1.12B, with Travel ($551M), Transportation ($455M), and Other business services ($61M) being the largest in terms of value.

In 2016, Romania exported services to Hungary worth $576M, with Transportation ($222M), Travel ($219M), and Other business services ($85.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Romania. Similarly, the more red a dot/product is, the more Romania has comparative advantage over Hungary.