2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 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

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 Cars ($726M), Electric Batteries ($595M), and Corn ($333M). Over the past 5 years the exports of Hungary to Italy have increased at an annualized rate of 5.41%,  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).

Historical Data

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Hungary
Top Destination
Germany$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)

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) (NaN)

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