Flag Hungary / Romania Flag

2020
FlagFlag
Exports
: $6.28B, Rnk 2 / 205

2020
FlagFlag
Top Product
: $490M, Packaged Medicaments

2020
FlagFlag
Exports
: $3.24B, Rnk 4 / 194

2020
FlagFlag
Top Product
: $244M, Insulated Wire

2020
Flag
Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.01, Rnk 26 / 127

2020
Flag  
GDP
: $156B, CURRENT US$
Rnk 54 / 195

2010-2020
Flag
GDP GROWTH
: 17.8%, CURRENT US$
Rnk 122 / 195

2020
Flag
 GDP
: $249B, CURRENT US$
Rnk 45 / 195

2010-2020
Flag
GDP GROWTH
: 49.5%, CURRENT US$
Rnk 58 / 195

2020
Flag
GDP PC 
: $15,981, CURRENT US$
Rnk 52 / 195

2010-2020
Flag
GDP PC GROWTH
: 20.9%, CURRENT US$
Rnk 86 / 195

2020
Flag
GDP PC
: $12,896, CURRENT US$
Rnk 62 / 195

2010-2020
Flag
GDP PC GROWTH
: 57%, CURRENT US$
Rnk 25 / 195

Hungary-Romania In 2020, Hungary exported $6.28B to Romania. The main products that Hungary exported to Romania are Packaged Medicaments ($490M), Refined Petroleum ($273M), and Broadcasting Equipment ($233M). During the last 25 years the exports of Hungary to Romania have increased at an annualized rate of 12.2%, from $354M in 1995 to $6.28B in 2020.

In 2020, Hungary exported services to Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

Romania-Hungary In 2020, Romania exported $3.24B to Hungary. The main products that Romania exported to Hungary were Insulated Wire ($244M), Motor vehicles; parts and accessories (8701 to 8705) ($219M), and Raw Aluminium ($117M). During the last 25 years the exports of Romania to Hungary have increased at an annualized rate of 12.4%, from $175M in 1995 to $3.24B in 2020.

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

Comparison In 2020,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.01), and 41 in total exports ($73B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Hungary exported $6.28B to Romania. The main products exported from Hungary to Romania were Packaged Medicaments ($490M), Refined Petroleum ($273M), and Broadcasting Equipment ($233M). During the last 25 years the exports of Hungary to Romania have increased at an annualized rate of 12.2%, from $354M in 1995 to $6.28B in 2020.

In 2020, Romania exported $3.24B to Hungary. The main products exported from Romania to Hungary were Insulated Wire ($244M), Motor vehicles; parts and accessories (8701 to 8705) ($219M), and Raw Aluminium ($117M). During the last 25 years the exports of Romania to Hungary have increased at an annualized rate of 12.4%, from $175M in 1995 to $3.24B in 2020.

Hungary Exports

#permalink to section

Romania Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Hungary
Top Destination
: Germany, $31.4B

Romania
Top Destination
: Germany, $15.9B

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 ($31.4B), Slovakia ($5.42B), and Austria ($4.94B).

In 2019, countries that imported more from Romania than Hungary were Italy ($7.45B), Bulgaria ($2.59B), and Moldova ($1.03B).

Comparative Advantage Hungary - Romania

#permalink to section
Flow

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

During 2020, Hungary had a large net trade with Romania in the exports of Machines ($1.38B), Chemical Products ($907M), and Vegetable Products ($557M).

During 2020, Romania had a large net trade with Hungary in the exports of Machines ($1.04B), Metals ($442M), and Transportation ($345M).

Bilateral Service Trade

#permalink to section

In 2020, Hungary exported services to Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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