Morocco (MAR) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Morocco-Hungary In 2022, Morocco exported $122M to Hungary. The main products that Morocco exported to Hungary are Insulated Wire ($71.2M), Cars ($16.1M), and Other Vegetables ($4.98M). During the last 27 years the exports of Morocco to Hungary have increased at an annualized rate of 17.6%, from $1.52M in 1995 to $122M in 2022.

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

Hungary-Morocco In 2022, Hungary exported $232M to Morocco. The main products that Hungary exported to Morocco were Cars ($30.7M), Insulated Wire ($28.4M), and Coated Flat-Rolled Iron ($22.4M). During the last 27 years the exports of Hungary to Morocco have increased at an annualized rate of 11%, from $13.8M in 1995 to $232M in 2022.

In 2020, Hungary exported services to Morocco worth $2.86M, with Other business services ($2.17M) and Transportation ($685k) being the largest in terms of value.

Comparison In 2022, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B). 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, Morocco exported $122M to Hungary. The main products exported from Morocco to Hungary were Insulated Wire ($71.2M), Cars ($16.1M), and Other Vegetables ($4.98M). During the last 27 years the exports of Morocco to Hungary have increased at an annualized rate of 17.6%, from $1.52M in 1995 to $122M in 2022.

In 2022, Hungary exported $232M to Morocco. The main products exported from Hungary to Morocco were Cars ($30.7M), Insulated Wire ($28.4M), and Coated Flat-Rolled Iron ($22.4M). During the last 27 years the exports of Hungary to Morocco have increased at an annualized rate of 11%, from $13.8M in 1995 to $232M in 2022.

Exports from Morocco () to Hungary () (2022)

Exports from Hungary () to Morocco () (2022)

Latest Data

Trade between Morocco () and Hungary ()

Morocco Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$8.55B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Morocco than Hungary were Spain ($8.55B), India ($2.99B), and France ($7.92B).

In 2021, countries that imported more from Hungary than Morocco were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

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

Comparative Advantage Morocco - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Morocco had a large net trade with Hungary in the exports of Machines ($78.2M), Transportation ($19.8M), and Vegetable Products ($5.52M).

During 2022, Hungary had a large net trade with Morocco in the exports of Machines ($93.8M), Transportation ($34.1M), and Plastics and Rubbers ($27.8M).

Service Trade

Bilateral Service Trade

Hun Year

In 2020, Hungary exported services to Morocco worth $2.86M, with Other business services ($2.17M) and Transportation ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Morocco () (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 Morocco has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Morocco.

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Historical Data

Bilateral Trade by Products

Exports from Morocco () to Hungary () (2022)

Exports from Hungary () to Morocco () (2022)

Latest Data

Trade between Morocco () and Hungary ()

Morocco Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Morocco - Hungary

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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