Flag Hungary / Ukraine Flag

Exports Flag β†’ Flag  (2018): $2.22B, Rnk 15 / 194

Top Product Flag β†’ Flag (2018): $309M, Petroleum Gas

Exports Flag β†’ Flag (2018): $1.79B, Rnk 9 / 187

Top Product Flag β†’ Flag (2018): $261M, Electric Heaters

Economic Complexity of Flag (2018): ECI 1.44, Rnk 14 / 137

Economic Complexity of Flag (2018): ECI 0.6, Rnk 40 / 137

GDP Flag (2018): $158B, CURRENT US$
Rnk 55 / 196

GDP GROWTH Flag (2008-2018): -0.16%, CURRENT US$
Rnk 167 / 196

GDP Flag (2018): $131B, CURRENT US$
Rnk 57 / 196

GDP GROWTH Flag (2008-2018): -27.2%, CURRENT US$
Rnk 192 / 196

GDP PC Flag (2018): $16,162, CURRENT US$
Rnk 58 / 196

GDP PC GROWTH Flag (2008-2018): 2.59%, CURRENT US$
Rnk 135 / 196

GDP PC Flag (2018): $3,095, CURRENT US$
Rnk 138 / 196

GDP PC GROWTH Flag (2008-2018): -20.4%, CURRENT US$
Rnk 184 / 196

Hungary-Ukraine: In 2018, Hungary exported $2.22B to Ukraine. The main products exported from Hungary to Ukraine were Petroleum Gas ($309M), Insulated Wire ($261M), and Packaged Medicaments ($168M). During the last 23 years the exports of Hungary to Ukraine have increased at an annualized rate of 9.06%, from $303M in 1995 to $2.22B in 2018. In 2002, Hungary exported services to Ukraine worth $5.99M, with Other business services ($3.19M), Transportation ($1.38M), and Government services, n.i.e. ($375k) being the largest in terms of value.

Ukraine-Hungary: In 2018, Ukraine exported $1.79B to Hungary. The main products exported from Ukraine to Hungary were Electric Heaters ($261M), Telephones ($251M), and Petroleum Gas ($195M). During the last 23 years the exports of Ukraine to Hungary have increased at an annualized rate of 7.84%, from $314M in 1995 to $1.79B in 2018.

Comparison: In 2018, Hungary ranked 14 in the Economic Complexity Index (ECI 1.44), and 35 in total exports ($122B). That same year, Ukraine ranked 40 in the Economic Complexity Index (ECI 0.6), and 52 in total exports ($51.2B). In terms of GDP Per Capita, Hungary was ranked 58 with a GDP Per Capita of $16,162, and Ukraine was ranked 138 with a GDP Per Capita of $3,095.

Bilateral Trade by Products

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Depth
Value

In 2018, Hungary exported $2.22B to Ukraine. The main products exported from Hungary to Ukraine were Petroleum Gas ($309M), Insulated Wire ($261M), and Packaged Medicaments ($168M). During the last 23 years the exports of Hungary to Ukraine have increased at an annualized rate of 9.06%, from $303M in 1995 to $2.22B in 2018.

In 2018, Ukraine exported $1.79B to Hungary. The main products exported from Ukraine to Hungary were Electric Heaters ($261M), Telephones ($251M), and Petroleum Gas ($195M). During the last 23 years the exports of Ukraine to Hungary have increased at an annualized rate of 7.84%, from $314M in 1995 to $1.79B in 2018.

Market Competitiveness

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Measure

Hungary
Top Destination
: Germany, $32.6B

Ukraine
Top Destination
: Russia, $4.22B

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

In 2018, countries that imported more from Hungary than Ukraine were Germany ($32.6B), Romania ($6.18B), and Slovakia ($5.76B).

In 2018, countries that imported more from Ukraine than Hungary were Egypt ($2.53B), Russia ($4.22B), and India ($2.3B).

Comparative Advantage Hungary - Ukraine

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Depth

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

During 2018, Hungary had a large net trade with Ukraine in the exports of Machines ($922M), Mineral Products ($336M), and Chemical Products ($283M).

During 2018, Ukraine had a large net trade with Hungary in the exports of Machines ($956M), Mineral Products ($397M), and Metals ($104M).

Tariff Section

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This sections shows import tariffs for products traded between Hungary and Ukraine (using the HS6 product classification and the last year reported).

In 2017, the products from Hungary that paid the highest import tariffs to enter Ukraine were Mushrooms, prepared or preserved, not in vinegar (132%) and Vegetables: mushrooms of the genus Agaricus, provisionally preserved but unsuitable in that state for immediate consumption (122%).

In 2018, the products from Ukraine that paid the highest import tariffs to enter Hungary were Raw sugar, beet (50%) and Raw sugar, beet (50%).

Explore Tariff Data

*The tariffs present between Hungary and Ukraine are:
123: European Union Generalized System of Preference
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
325: Preferential tariff for Ukraine

Trade Forecasts

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This section shows a forecast for total trade between Hungary and Ukraine. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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Hun Year

In 2002, Hungary exported services to Ukraine worth $5.99M, with Other business services ($3.19M), Transportation ($1.38M), and Government services, n.i.e. ($375k) 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 Ukraine. Similarly, the more red a dot/product is, the more Ukraine has comparative advantage over Hungary.