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Pricing

2022
Flag → Flag
Exports $6.58BRnk 20 / 221
2022
Flag → Flag
Top Product $273MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $8.02BRnk 2 / 205
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Italy-Hungary Trade: In 2022, Italy exported $6.58B to Hungary. The main products that Italy exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($273M), Raw Aluminium ($182M), and Packaged Medicaments ($158M). Over the past 5 years the exports of Italy to Hungary have increased at an annualized rate of 4.9%, from $5.18B in 2017 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 Trade: In 2022, Hungary exported $8.02B to Italy. The main products that Hungary exported to Italy were N/A. Over the past 5 years the exports of Hungary to Italy have increased at an annualized rate of 6.53%,  from $5.85B in 2017 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 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €482M and imported €628M from Hungary, resulting in a negative trade balance of €146M. Between July 2023 and July 2024 the exports of Italy have increased by €56.9M (13.4%) from €425M to €482M, while imports decreased by €-38.6M (-5.8%) from €667M to €628M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€56.9M(13.4%)
IMPORT GROWTH (July 2023 - July 2024)€-38.6M(-5.8%)

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.

Explore Hungary and Italy Data

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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 5 years the exports of Italy to Hungary have increased at an annualized rate of 4.9%, from $5.18B in 2017 to $6.58B in 2022.

In 2017, Hungary exported $8.02B to Italy. There were not main exports from Hungary to Italy in 2017. During the last 5 years the exports of Hungary to Italy have increased at an annualized rate of 6.53%, from $5.85B in 2022 to $8.02B in 2017.

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 2022, countries that imported more from Italy than Hungary included United States ($68.2B), France ($63.8B), and Germany ($78.5B).

In 2022, countries that imported more from Hungary than Italy included 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 2017, Hungary had a large net trade with Italy in the exports of Machines ($2.61B), Transportation ($975M), and Vegetable Products ($819M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Hungary+$107MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Hungary Italy+$280MCars

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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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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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