Hungary (HUN) and Zimbabwe (ZWE) Trade | The Observatory of Economic Complexity

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Hungary-Zimbabwe Trade: In 2023, Hungary exported $1.14M to Zimbabwe. The main products that Hungary exported to Zimbabwe were Pesticides ($465k), Other Office Machines ($146k), and Paper Containers ($133k). Over the past 5 years the exports of Hungary to Zimbabwe have increased at an annualized rate of 3.23%, from $974k in 2018 to $1.14M in 2023.

In 2023, Hungary did not export any services to Zimbabwe.

Zimbabwe-Hungary Trade: In 2023, Zimbabwe exported $5.66M to Hungary. The main products that Zimbabwe exported to Hungary were Raw Tobacco ($5.62M), Granite ($25.5k), and Office Machine Parts ($4.3k). Over the past 5 years the exports of Zimbabwe to Hungary have increased at an annualized rate of 6.73%, from $4.09M in 2018 to $5.66M in 2023.

In 2023, Zimbabwe 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, Zimbabwe ranked 110 in the Economic Complexity Index (ECI -0.98), and 106 in total exports ($9.05B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $1.14M to Zimbabwe. The main products exported from Hungary to Zimbabwe were Pesticides ($465k), Other Office Machines ($146k), and Paper Containers ($133k). During the last 5 years the exports of Hungary to Zimbabwe have increased at an annualized rate of 3.23%, from $974k in 2018 to $1.14M in 2023.

In 2018, Zimbabwe exported $5.66M to Hungary. The main products exported from Zimbabwe to Hungary were Raw Tobacco ($5.62M), Granite ($25.5k), and Office Machine Parts ($4.3k). During the last 5 years the exports of Zimbabwe to Hungary have increased at an annualized rate of 6.73%, from $4.09M in 2023 to $5.66M in 2018.

Exports from Hungary () to Zimbabwe () (2023)

Exports from Zimbabwe () to Hungary () (2023)

Latest Data

Trade between Hungary () and Zimbabwe ()

Hungary Exports

Date

Zimbabwe Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Zimbabwe
Top DestinationUnited Arab Emirates$4.1B

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

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

In 2023, countries that imported more from Zimbabwe than Hungary included United Arab Emirates ($4.1B), South Africa ($1.39B), and Mozambique ($391M).

Difference in imports from Zimbabwe () and Hungary () (2023)

Comparative Advantage Hungary - Zimbabwe

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Zimbabwe in the exports of Chemical Products ($508k), Machines ($416k), and Paper Goods ($133k).

During 2018, Zimbabwe had a large net trade with Hungary in the exports of Foodstuffs ($5.62M), Mineral Products ($25.5k), and Animal Hides ($7.26k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Zimbabwe+$554kComputers

Top Product Potential Zimbabwe Hungary+$915kRaw 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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Zimbabwe () (2023)

Exports from Zimbabwe () to Hungary () (2023)

Latest Data

Trade between Hungary () and Zimbabwe ()

Hungary Exports

Zimbabwe Exports

Market Competitiveness

Difference in imports from Zimbabwe () and Hungary () (2023)

Comparative Advantage Hungary - Zimbabwe

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Zimbabwe () (2023)

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