Italy (ITA) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Italy-Hungary In 2021, Italy exported $6.3B to Hungary. The main products that Italy exported to Hungary are Motor vehicles; parts and accessories (8701 to 8705) ($289M), Cars ($231M), and Packaged Medicaments ($161M). During the last 26 years the exports of Italy to Hungary have increased at an annualized rate of 5.88%, from $1.42B in 1995 to $6.3B in 2021.

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 2021, Hungary exported $7.7B to Italy. The main products that Hungary exported to Italy were Cars ($687M), Electric Batteries ($477M), and Corn ($343M). During the last 26 years the exports of Hungary to Italy have increased at an annualized rate of 7.11%, from $1.29B in 1995 to $7.7B in 2021.

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 2021, Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Italy exported $6.3B to Hungary. The main products exported from Italy to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($289M), Cars ($231M), and Packaged Medicaments ($161M). During the last 26 years the exports of Italy to Hungary have increased at an annualized rate of 5.88%, from $1.42B in 1995 to $6.3B in 2021.

In 2021, Hungary exported $7.7B to Italy. The main products exported from Hungary to Italy were Cars ($687M), Electric Batteries ($477M), and Corn ($343M). During the last 26 years the exports of Hungary to Italy have increased at an annualized rate of 7.11%, from $1.29B in 1995 to $7.7B in 2021.

Exports from Italy () to Hungary () (2021)

Exports from Hungary () to Italy () (2021)

Latest Data

Trade between Italy () and Hungary ()

Italy Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$78.4B

Hungary
Top DestinationGermany$35.7B

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 France ($61.6B), United States ($58.1B), and Germany ($78.4B).

In 2021, countries that imported more from Hungary than Italy were Slovakia ($6.42B), Ukraine ($2.99B), and Serbia ($2.52B).

Difference in imports from Hungary () and Italy () (2021)

Comparative Advantage Italy - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Italy had a large net trade with Hungary in the exports of Machines ($1.68B), Metals ($1.34B), and Transportation ($703M).

During 2021, Hungary had a large net trade with Italy in the exports of Machines ($2.28B), Transportation ($962M), and Vegetable Products ($838M).

Service Trade

Bilateral Service Trade

Hun Year

Ita Year

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 () to Hungary () (2020)

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

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Italy () to Hungary () (2021)

Exports from Hungary () to Italy () (2021)

Latest Data

Trade between Italy () and Hungary ()

Italy Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Italy () (2021)

Comparative Advantage Italy - Hungary

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

Product Space of Italy () and Hungary () (2021)

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