Hungary (HUN) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Hungary-Russia In 2022, Hungary exported $1.35B to Russia. The main products that Hungary exported to Russia are Packaged Medicaments ($253M), Toilet Paper ($139M), and Special Pharmaceuticals ($122M). During the last 27 years the exports of Hungary to Russia have increased at an annualized rate of 1.94%, from $803M in 1995 to $1.35B in 2022.

In 2020, Hungary exported services to Russia worth $111M, with Transportation ($46.1M), Travel ($34.8M), and Other business services ($11.9M) being the largest in terms of value.

Russia-Hungary In 2022, Russia exported $8.46B to Hungary. The main products that Russia exported to Hungary were Petroleum Gas ($5.58B), Crude Petroleum ($2.39B), and Nuclear Reactors ($94.5M). During the last 27 years the exports of Russia to Hungary have increased at an annualized rate of 6.44%, from $1.57B in 1995 to $8.46B in 2022.

In 2020, Russia exported services to Hungary worth $163M, with Other business services ($83M), Construction services ($37.7M), and Transportation ($19.1M) being the largest in terms of value.

Comparison In 2022, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $1.35B to Russia. The main products exported from Hungary to Russia were Packaged Medicaments ($253M), Toilet Paper ($139M), and Special Pharmaceuticals ($122M). During the last 27 years the exports of Hungary to Russia have increased at an annualized rate of 1.94%, from $803M in 1995 to $1.35B in 2022.

In 2022, Russia exported $8.46B to Hungary. The main products exported from Russia to Hungary were Petroleum Gas ($5.58B), Crude Petroleum ($2.39B), and Nuclear Reactors ($94.5M). During the last 27 years the exports of Russia to Hungary have increased at an annualized rate of 6.44%, from $1.57B in 1995 to $8.46B in 2022.

Exports from Hungary () to Russia () (2022)

Exports from Russia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Russia ()

Hungary Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Hungary than Russia were Germany ($35.5B), Austria ($6.32B), and Romania ($7.94B).

In 2021, countries that imported more from Russia than Hungary were China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia () and Hungary () (2022)

Comparative Advantage Hungary - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Russia in the exports of Chemical Products ($583M), Machines ($196M), and Paper Goods ($143M).

During 2022, Russia had a large net trade with Hungary in the exports of Mineral Products ($8.02B), Chemical Products ($134M), and Machines ($114M).

Service Trade

Bilateral Service Trade

Rus Year

Hun Year

In 2020, Hungary exported services to Russia worth $111M, with Transportation ($46.1M), Travel ($34.8M), and Other business services ($11.9M) being the largest in terms of value.

In 2020, Russia exported services to Hungary worth $163M, with Other business services ($83M), Construction services ($37.7M), and Transportation ($19.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Russia () (2020)

Services Exports from Russia () to Hungary () (2020)

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Russia () (2022)

Exports from Russia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Russia ()

Hungary Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Hungary () (2022)

Comparative Advantage Hungary - Russia

Service Trade

Bilateral Service Trade

Services Exports from Hungary () to Russia () (2020)

Services Exports from Russia () to Hungary () (2020)

Economic Complexity

Competitive Landscape

Product Space of Hungary () and Russia () (2022)

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