Flag Italy / Hungary Flag

2020
FlagFlag
Exports
: $4.89B, Rnk 20 / 213

2020
FlagFlag
Top Product
: $262M, Motor vehicles; parts and accessories (8701 to 8705)

2020
FlagFlag
Exports
: $5.87B, Rnk 3 / 205

2020
FlagFlag
Top Product
: $582M, Cars

2020
Flag
Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
Flag  
GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
Flag
GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
Flag
 GDP
: $156B, CURRENT US$
Rnk 54 / 195

2010-2020
Flag
GDP GROWTH
: 17.8%, CURRENT US$
Rnk 122 / 195

2020
Flag
GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
Flag
GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
Flag
GDP PC
: $15,981, CURRENT US$
Rnk 52 / 195

2010-2020
Flag
GDP PC GROWTH
: 20.9%, CURRENT US$
Rnk 86 / 195

Italy-Hungary In 2020, Italy exported $4.89B to Hungary. The main products that Italy exported to Hungary are Motor vehicles; parts and accessories (8701 to 8705) ($262M), Cars ($231M), and Packaged Medicaments ($165M). During the last 25 years the exports of Italy to Hungary have increased at an annualized rate of 5.04%, from $1.43B in 1995 to $4.89B in 2020.

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 2020, Hungary exported $5.87B to Italy. The main products that Hungary exported to Italy were Cars ($582M), Corn ($312M), and Video Displays ($272M). During the last 25 years the exports of Hungary to Italy have increased at an annualized rate of 6.29%, from $1.28B in 1995 to $5.87B in 2020.

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 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Italy exported $4.89B to Hungary. The main products exported from Italy to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($262M), Cars ($231M), and Packaged Medicaments ($165M). During the last 25 years the exports of Italy to Hungary have increased at an annualized rate of 5.04%, from $1.43B in 1995 to $4.89B in 2020.

In 2020, Hungary exported $5.87B to Italy. The main products exported from Hungary to Italy were Cars ($582M), Corn ($312M), and Video Displays ($272M). During the last 25 years the exports of Hungary to Italy have increased at an annualized rate of 6.29%, from $1.28B in 1995 to $5.87B in 2020.

Hungary Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Italy
Top Destination
: Germany, $62.1B

Hungary
Top Destination
: Germany, $31.4B

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 ($49.5B), United States ($47.9B), and Germany ($62.1B).

In 2019, countries that imported more from Hungary than Italy were Slovakia ($5.42B), Ukraine ($2.2B), and North Macedonia ($386M).

Comparative Advantage Italy - Hungary

#permalink to section
Flow

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

During 2020, Italy had a large net trade with Hungary in the exports of Machines ($1.37B), Metals ($823M), and Transportation ($611M).

During 2020, Hungary had a large net trade with Italy in the exports of Machines ($1.66B), Transportation ($775M), and Vegetable Products ($714M).

Bilateral Service Trade

#permalink to section

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.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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.