2023
Flag  
GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC 
$22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH
61.4%CURRENT US$
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About

Hungary-San Marino Trade: In 2023, Hungary exported $193k to San Marino. The main products that Hungary exported to San Marino were Other Electrical Machinery ($49.1k), Other toys ($32k), and Plastic Housewares ($28.8k). Over the past 5 years the exports of Hungary to San Marino have decreased at an annualized rate of 14.6%, from $425k in 2018 to $193k in 2023.

In 2023, Hungary did not export any services to San Marino.

San Marino-Hungary Trade: In 2023, San Marino exported $1.45M to Hungary. The main products that San Marino exported to Hungary were Washing and Bottling Machines ($924k), Other Edible Preparations ($314k), and Animal Food ($62k). Over the past 5 years the exports of San Marino to Hungary have increased at an annualized rate of 16.5%,  from $675k in 2018 to $1.45M in 2023.

In 2023, San Marino did not export any services to Hungary.

Comparison In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41),  and 35 in total exports ($150B). That same year, San Marino ranked 182 in total exports ($224M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $193k to San Marino. The main products exported from Hungary to San Marino were Other Electrical Machinery ($49.1k), Other toys ($32k), and Plastic Housewares ($28.8k). During the last 5 years the exports of Hungary to San Marino have decreased at an annualized rate of 14.6%, from $425k in 2018 to $193k in 2023.

In 2018, San Marino exported $1.45M to Hungary. The main products exported from San Marino to Hungary were Washing and Bottling Machines ($924k), Other Edible Preparations ($314k), and Animal Food ($62k). During the last 5 years the exports of San Marino to Hungary have increased at an annualized rate of 16.5%, from $675k in 2023 to $1.45M in 2018.

Exports from Hungary (Flag) to San Marino (Flag) (2023)

Exports from San Marino (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and San Marino (Flag)

Hungary Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$37.4B
San Marino
Top Destination
Germany$25.9M

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

In 2023, countries that imported more from Hungary than San Marino included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, no countries were registered that imported more from San Marino than from Hungary.

Difference in imports from San Marino (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - San Marino

Flow
Scale

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

During 2023, Hungary had a large net trade with San Marino in the exports of Machines ($71.8k), Foodstuffs ($37.3k), and Miscellaneous ($35.7k).

During 2018, San Marino had a large net trade with Hungary in the exports of Machines ($1M), Foodstuffs ($405k), and Instruments ($31.2k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hungary and San Marino. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over San Marino. Similarly, a dot/product with the flag of San Marino indicates it has a comparative advantage over Hungary.

Product Space of Hungary (Flag) and San Marino (Flag) (2023)

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