Kazakhstan (KAZ) and Hungary (HUN) Trade | The Observatory of Economic Complexity

About

Kazakhstan-Hungary Trade: In 2022, Kazakhstan exported $207M to Hungary. The main products that Kazakhstan exported to Hungary were Crude Petroleum ($196M), Petroleum Gas ($5.89M), and Bird Feathers and Skins ($1.41M). Over the past 5 years the exports of Kazakhstan to Hungary have increased at an annualized rate of 23.1%, from $73.3M in 2017 to $207M in 2022.

In 2022, Kazakhstan did not export any services to Hungary.

Hungary-Kazakhstan Trade: In 2022, Hungary exported $204M to Kazakhstan. The main products that Hungary exported to Kazakhstan were Packaged Medicaments ($65.5M), Refined Petroleum ($12M), and Computers ($9.82M). Over the past 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 6.81%, from $147M in 2017 to $204M in 2022.

In 2022, Hungary did not export any services to Kazakhstan.

Comparison: In 2022, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kazakhstan exported $207M to Hungary. The main products exported from Kazakhstan to Hungary were Crude Petroleum ($196M), Petroleum Gas ($5.89M), and Bird Feathers and Skins ($1.41M). During the last 5 years the exports of Kazakhstan to Hungary have increased at an annualized rate of 23.1%, from $73.3M in 2017 to $207M in 2022.

In 2017, Hungary exported $204M to Kazakhstan. The main products exported from Hungary to Kazakhstan were Packaged Medicaments ($65.5M), Refined Petroleum ($12M), and Computers ($9.82M). During the last 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 6.81%, from $147M in 2022 to $204M in 2017.

Exports from Kazakhstan () to Hungary () (2022)

Exports from Hungary () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Hungary ()

Kazakhstan Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$13.4B

Hungary
Top DestinationGermany$35.5B

This map shows whether countries import more from Kazakhstan or Hungary. Each country is colored based on the difference in imports they receive from Kazakhstan and Hungary or the difference in the growth in imports.

In 2022, countries that imported more from Kazakhstan than Hungary included China ($13.4B), Russia ($8.78B), and Italy ($12.4B).

In 2022, countries that imported more from Hungary than Kazakhstan included Germany ($35.5B), Slovakia ($6.78B), and Romania ($7.94B).

Difference in imports from Hungary () and Kazakhstan () (2022)

Comparative Advantage Kazakhstan - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kazakhstan had a large net trade with Hungary in the exports of Mineral Products ($202M), Animal Products ($2.2M), and Machines ($1.76M).

During 2017, Hungary had a large net trade with Kazakhstan in the exports of Chemical Products ($93.1M), Machines ($50.6M), and Mineral Products ($12.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Hungary+$55.8MCrude Petroleum

Top Product Potential Hungary Kazakhstan+$13.9MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Hungary () (2022)

Exports from Hungary () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Hungary ()

Kazakhstan Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Kazakhstan () (2022)

Comparative Advantage Kazakhstan - Hungary

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Kazakhstan () and Hungary () (2022)

Keep Exploring