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Pricing

2022
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Exports $6.58BRnk 20 / 221
2022
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Top Product $273MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $8.02BRnk 2 / 205
2022
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Top Product $726MCars
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.36Rnk 13 / 124
2022
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GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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 GDP$179BCURRENT US$
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2012-2022
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GDP GROWTH38.8%CURRENT US$
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2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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2022
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GDP PC$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH42.2%CURRENT US$
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About

Italy-Hungary In 2022, Italy exported $6.58B to Hungary. The main products that Italy exported to Hungary are Motor vehicles; parts and accessories (8701 to 8705) ($273M), Raw Aluminium ($182M), and Packaged Medicaments ($158M). During the last 27 years the exports of Italy to Hungary have increased at an annualized rate of 5.83%, from $1.42B in 1995 to $6.58B in 2022.

In 2020, Italy exported services to Hungary worth $330M, with Transportation ($106M), Travel ($79.6M), and Computer and information services ($49.1M) being the largest in terms of value.

Hungary-Italy In 2022, Hungary exported $8.02B to Italy. The main products that Hungary exported to Italy were Cars ($726M), Electric Batteries ($595M), and Corn ($333M). During the last 27 years the exports of Hungary to Italy have increased at an annualized rate of 7.03%, from $1.28B in 1995 to $8.02B in 2022.

In 2020, Hungary exported services to Italy worth $470M, with Transportation ($152M), Other business services ($108M), and Travel ($98.2M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €299M and imported €582M from Hungary, resulting in a negative trade balance of €283M. Between December 2022 and December 2023 the exports of Italy have decreased by €-23.4M (-7.27%) from €322M to €299M, while imports increased by €36.2M (6.63%) from €546M to €582M.

Trade In December 2023, the top exports of Italy to Hungary were Motor vehicles; parts and accessories (8701... (€23.2M), Inhalable tobacco/nicotine products (€18.5M), Raw Aluminium (€15.1M), Cars (€13.3M), and Packaged Medicaments (€10.4M). In December 2023 the top imports of Italy from Hungary were Cars (€76.6M), Electric Batteries (€74.4M), Motor vehicles; parts and accessories (8701... (€32.6M), Wheat (€27.2M), and Video Displays (€26.2M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Machinery Having Individual Functions (€-2.8M or -49.5%), Large Flat-Rolled Stainless Steel (€-1.91M or -34.7%), and Iron Blocks (€-1.69M or -44.8%). In December 2023, the increase in Italy's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Cars (€50.5M or 193%), Electric Batteries (€42.7M or 135%), and Motor vehicles; parts and accessories (8701... (€19.7M or 153%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-23.4M(-7.27%)
IMPORT GROWTH (December 2022 - December 2023)€36.2M(6.63%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Hungary and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $6.58B to Hungary. The main products exported from Italy to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($273M), Raw Aluminium ($182M), and Packaged Medicaments ($158M). During the last 27 years the exports of Italy to Hungary have increased at an annualized rate of 5.83%, from $1.42B in 1995 to $6.58B in 2022.

In 2022, Hungary exported $8.02B to Italy. The main products exported from Hungary to Italy were Cars ($726M), Electric Batteries ($595M), and Corn ($333M). During the last 27 years the exports of Hungary to Italy have increased at an annualized rate of 7.03%, from $1.28B in 1995 to $8.02B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Italy than Hungary were United States ($68.2B), France ($63.8B), and Germany ($78.5B).

In 2021, countries that imported more from Hungary than Italy were Slovakia ($6.78B), Serbia ($3.42B), and Ukraine ($2.08B).

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

Comparative Advantage Italy - Hungary

Flow
Scale

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

During 2022, Italy had a large net trade with Hungary in the exports of Machines ($1.74B), Metals ($1.46B), and Chemical Products ($699M).

During 2022, Hungary had a large net trade with Italy in the exports of Machines ($2.61B), Transportation ($975M), and Vegetable Products ($819M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Hungary worth $330M, with Transportation ($106M), Travel ($79.6M), and Computer and information services ($49.1M) being the largest in terms of value.

In 2020, Hungary exported services to Italy worth $470M, with Transportation ($152M), Other business services ($108M), and Travel ($98.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Hungary (Flag) (2020)

Services Exports from Hungary (Flag) to Italy (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Italy.

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

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