2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP
$75.7BCURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP GROWTH
90.9%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC
$1,192CURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 49 / 186

About

Hungary-Tanzania Trade: In 2022, Hungary exported $3.14M to Tanzania. The main products that Hungary exported to Tanzania were Rubber Tires ($521k), Petroleum Jelly ($404k), and Office Machine Parts ($290k). Over the past 5 years the exports of Hungary to Tanzania have decreased at an annualized rate of 7.66%, from $4.67M in 2017 to $3.14M in 2022.

In 2022, Hungary did not export any services to Tanzania.

Tanzania-Hungary Trade: In 2022, Tanzania exported $453k to Hungary. The main products that Tanzania exported to Hungary were Raw Tobacco ($275k), Broadcasting Equipment ($118k), and Perfume Plants ($20.6k). Over the past 5 years the exports of Tanzania to Hungary have increased at an annualized rate of 19.9%,  from $183k in 2017 to $453k in 2022.

In 2022, Tanzania did not export any services to Hungary.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $3.14M to Tanzania. The main products exported from Hungary to Tanzania were Rubber Tires ($521k), Petroleum Jelly ($404k), and Office Machine Parts ($290k). During the last 5 years the exports of Hungary to Tanzania have decreased at an annualized rate of 7.66%, from $4.67M in 2017 to $3.14M in 2022.

In 2017, Tanzania exported $453k to Hungary. The main products exported from Tanzania to Hungary were Raw Tobacco ($275k), Broadcasting Equipment ($118k), and Perfume Plants ($20.6k). During the last 5 years the exports of Tanzania to Hungary have increased at an annualized rate of 19.9%, from $183k in 2022 to $453k in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Tanzania (Flag)

Hungary Exports

Tanzania Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Tanzania
Top Destination
India$2.73B

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

In 2022, countries that imported more from Hungary than Tanzania included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

In 2022, countries that imported more from Tanzania than Hungary included India ($2.73B), South Africa ($939M), and Rwanda ($474M).

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

Comparative Advantage Hungary - Tanzania

Flow
Scale

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

During 2022, Hungary had a large net trade with Tanzania in the exports of Machines ($1.19M), Plastics and Rubbers ($589k), and Mineral Products ($561k).

During 2017, Tanzania had a large net trade with Hungary in the exports of Foodstuffs ($275k), Machines ($120k), and Vegetable Products ($27.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Tanzania+$1.58MComputers
Top Product Potential Tanzania Hungary+$395kRaw Tobacco

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with