2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Israel-Hungary Trade: In 2022, Israel exported $234M to Hungary. The main products that Israel exported to Hungary were Pesticides ($25.1M), Packaged Medicaments ($21.4M), and Nitrogen Heterocyclic Compounds ($19.2M). Over the past 5 years the exports of Israel to Hungary have increased at an annualized rate of 3.99%, from $192M in 2017 to $234M in 2022.

In 2012, Israel exported services to Hungary worth $4.56M, with Computer and information services ($4.56M) being the largest in terms of value.

Hungary-Israel Trade: In 2022, Hungary exported $507M to Israel. The main products that Hungary exported to Israel were Cars ($144M), Video Displays ($60.1M), and Computers ($27.4M). Over the past 5 years the exports of Hungary to Israel have increased at an annualized rate of 8.03%,  from $345M in 2017 to $507M in 2022.

In 2009, Hungary exported services to Israel worth $282M, with Services not allocated ($141M), Travel ($53.9M), and Royalties and license fees ($43.9M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $234M to Hungary. The main products exported from Israel to Hungary were Pesticides ($25.1M), Packaged Medicaments ($21.4M), and Nitrogen Heterocyclic Compounds ($19.2M). During the last 5 years the exports of Israel to Hungary have increased at an annualized rate of 3.99%, from $192M in 2017 to $234M in 2022.

In 2017, Hungary exported $507M to Israel. The main products exported from Hungary to Israel were Cars ($144M), Video Displays ($60.1M), and Computers ($27.4M). During the last 5 years the exports of Hungary to Israel have increased at an annualized rate of 8.03%, from $345M in 2022 to $507M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Hungary (Flag)

Israel Exports

Hungary Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Israel than Hungary included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

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

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

Comparative Advantage Israel - Hungary

Flow
Scale

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

During 2022, Israel had a large net trade with Hungary in the exports of Machines ($87.5M), Chemical Products ($77.3M), and Transportation ($17.9M).

During 2017, Hungary had a large net trade with Israel in the exports of Machines ($164M), Transportation ($150M), and Animal Products ($52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Hungary+$15.1MIntegrated Circuits
Top Product Potential Hungary Israel+$56.8MCars

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 Israel and Hungary. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Israel.

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

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