Flag Italy / Hungary Flag

2019
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Exports
: $5.31B, Rnk 21 / 224

2019
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Top Product
: $308M, Vehicle Parts

2019
FlagFlag
Exports
: $5.91B, Rnk 3 / 205

2019
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Top Product
: $618M, Cars

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 1.46, Rnk 14 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $163B, CURRENT US$
Rnk 55 / 187

2009-2019
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GDP GROWTH
: 25%, CURRENT US$
Rnk 140 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $16,732, CURRENT US$
Rnk 54 / 187

2009-2019
Flag
GDP PC GROWTH
: 28.2%, CURRENT US$
Rnk 96 / 187

Italy-Hungary In 2019, Italy exported $5.31B to Hungary. The main products that Italy exported to Hungary are Vehicle Parts ($308M), Cars ($203M), and Packaged Medicaments ($147M). During the last 24 years the exports of Italy to Hungary have increased at an annualized rate of 5.74%, from $1.39B in 1995 to $5.31B in 2019.

In 2018, Italy exported services to Hungary worth $475M, with Travel ($177M), Transportation ($146M), and Other business services ($52M) being the largest in terms of value.

Hungary-Italy In 2019, Hungary exported $5.91B to Italy . The main products that Hungary exported to Italy were Cars ($618M), Video Displays ($292M), and Corn ($240M). During the last 24 years the exports of Hungary to Italy have increased at an annualized rate of 6.73%, from $1.24B in 1995 to $5.91B in 2019.

In 2018, Hungary exported services to Italy worth $763M, with Transportation ($289M), Travel ($211M), and Other business services ($140M) being the largest in terms of value.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.46), and 33 in total exports ($121B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $5.31B to Hungary. The main products exported from Italy to Hungary were Vehicle Parts ($308M), Cars ($203M), and Packaged Medicaments ($147M). During the last 24 years the exports of Italy to Hungary have increased at an annualized rate of 5.74%, from $1.39B in 1995 to $5.31B in 2019.

In 2019, Hungary exported $5.91B to Italy. The main products exported from Hungary to Italy were Cars ($618M), Video Displays ($292M), and Corn ($240M). During the last 24 years the exports of Hungary to Italy have increased at an annualized rate of 6.73%, from $1.24B in 1995 to $5.91B in 2019.

Hungary Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Hungary
Top Destination
: Germany, $32.6B

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 2019, countries that imported more from Italy than Hungary were France ($54.9B), United States ($51.8B), and Germany ($64.5B).

In 2019, countries that imported more from Hungary than Italy were Slovakia ($5.88B), Ukraine ($2.39B), and French South Antarctic Territory ($85.8k).

Comparative Advantage Italy - Hungary

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Depth

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

During 2019, Italy had a large net trade with Hungary in the exports of Machines ($1.46B), Metals ($959M), and Transportation ($704M).

During 2019, Hungary had a large net trade with Italy in the exports of Machines ($1.64B), Transportation ($820M), and Vegetable Products ($584M).

Bilateral Service Trade

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In 2018, Italy exported services to Hungary worth $475M, with Travel ($177M), Transportation ($146M), and Other business services ($52M) being the largest in terms of value.

In 2018, Hungary exported services to Italy worth $763M, with Transportation ($289M), Travel ($211M), and Other business services ($140M) 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 Italy has comparative advantage over Hungary. Similarly, the more red a dot/product is, the more Hungary has comparative advantage over Italy.