2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP
$71.2BCURRENT US$
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2012-2022
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GDP GROWTH
31.2%CURRENT US$
Rnk 96 / 186
2022
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GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC
$20,795CURRENT US$
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2012-2022
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GDP PC GROWTH
29.3%CURRENT US$
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About

Hungary-Uruguay Trade: In 2022, Hungary exported $13.4M to Uruguay. The main products that Hungary exported to Uruguay were Cars ($2.43M), Motor vehicles; parts and accessories (8701 to 8705) ($1.94M), and Pesticides ($1.75M). Over the past 5 years the exports of Hungary to Uruguay have increased at an annualized rate of 8.71%, from $8.8M in 2017 to $13.4M in 2022.

In 2020, Hungary exported services to Uruguay worth $114k, with Computer and information services ($114k) being the largest in terms of value.

Uruguay-Hungary Trade: In 2022, Uruguay exported $2.64M to Hungary. The main products that Uruguay exported to Hungary were Tanned Equine and Bovine Hides ($1.35M), Sulfate Chemical Woodpulp ($431k), and Broadcasting Equipment ($307k). Over the past 5 years the exports of Uruguay to Hungary have decreased at an annualized rate of 7.76%,  from $3.96M in 2017 to $2.64M in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $13.4M to Uruguay. The main products exported from Hungary to Uruguay were Cars ($2.43M), Motor vehicles; parts and accessories (8701 to 8705) ($1.94M), and Pesticides ($1.75M). During the last 5 years the exports of Hungary to Uruguay have increased at an annualized rate of 8.71%, from $8.8M in 2017 to $13.4M in 2022.

In 2017, Uruguay exported $2.64M to Hungary. The main products exported from Uruguay to Hungary were Tanned Equine and Bovine Hides ($1.35M), Sulfate Chemical Woodpulp ($431k), and Broadcasting Equipment ($307k). During the last 5 years the exports of Uruguay to Hungary have decreased at an annualized rate of 7.76%, from $3.96M in 2022 to $2.64M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Uruguay (Flag)

Hungary Exports

Uruguay Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Uruguay
Top Destination
China$2.89B

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

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

In 2022, countries that imported more from Uruguay than Hungary included Brazil ($1.69B), Argentina ($999M), and Algeria ($229M).

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

Comparative Advantage Hungary - Uruguay

Flow
Scale

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

During 2022, Hungary had a large net trade with Uruguay in the exports of Transportation ($4.38M), Machines ($3.18M), and Chemical Products ($2.04M).

During 2017, Uruguay had a large net trade with Hungary in the exports of Animal Hides ($1.35M), Machines ($601k), and Paper Goods ($431k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Uruguay+$3.58MCars
Top Product Potential Uruguay Hungary+$617kSulfate Chemical Woodpulp

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.

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Economic Complexity

Competitive Landscape

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

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

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