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2022
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Exports $415MRnk 27 / 208
2022
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Top Product $54.7MRadio Receivers
2022
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Exports $730MRnk 30 / 205
2022
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Top Product $133MSpark-Ignition Engines
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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Economic Complexity (ECI) ECI 1.36Rnk 13 / 124
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
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2022
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 GDP$179BCURRENT US$
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2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $24,275CURRENT US$
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2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Portugal-Hungary In 2022, Portugal exported $415M to Hungary. The main products that Portugal exported to Hungary are Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). During the last 27 years the exports of Portugal to Hungary have increased at an annualized rate of 8.29%, from $48.3M in 1995 to $415M in 2022.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Hungary-Portugal In 2022, Hungary exported $730M to Portugal. The main products that Hungary exported to Portugal were Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). During the last 27 years the exports of Hungary to Portugal have increased at an annualized rate of 16.1%, from $13M in 1995 to $730M in 2022.

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €36.2M and imported €45.6M from Hungary, resulting in a negative trade balance of €9.42M. Between January 2023 and January 2024 the exports of Portugal have increased by €7.71M (27.1%) from €28.5M to €36.2M, while imports decreased by €-3.75M (-7.59%) from €49.4M to €45.6M.

Trade In January 2024, the top exports of Portugal to Hungary were Electrical machinery and electronics (€11.2M), Cars, tractors, trucks & parts thereof. (€3.4M), Optical, photo, & film equipment; medical... (€2.71M), Rubber & articles thereof (€1.42M), and Plastics & articles thereof (€1.41M). In January 2024 the top imports of Portugal from Hungary were Cars, tractors, trucks & parts thereof. (€12.7M), Machinery, mechanical appliances, & parts (€9.71M), Electrical machinery and electronics (€5.77M), Organic chemicals (€5.53M), and Pharmaceutical products (€3.86M).

Growth In January 2024, the increase in Portugal's year-by-year exports to Hungary was explained primarily by an increase in product exports in Electrical machinery and electronics (€1.54M or 15.9%), Optical, photo, & film equipment; medical... (€949k or 53.8%), and Pharmaceutical products (€538k or 110%). In January 2024, the decrease in Portugal's year-by-year imports  from Hungary was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-6.34M or -52.4%), Stone, plaster, cement, asbestos, mica. (€-1.17M or -68.4%), and Furniture, bedding, lamps, & prefab buildings (€-509k or -53.8%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€7.71M(27.1%)
IMPORT GROWTH (January 2023 - January 2024)€-3.75M(-7.59%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Hungary and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $415M to Hungary. The main products exported from Portugal to Hungary were Radio Receivers ($54.7M), Cars ($43M), and Revolution Counters ($28.8M). During the last 27 years the exports of Portugal to Hungary have increased at an annualized rate of 8.29%, from $48.3M in 1995 to $415M in 2022.

In 2022, Hungary exported $730M to Portugal. The main products exported from Hungary to Portugal were Spark-Ignition Engines ($133M), Cars ($87.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($44.1M). During the last 27 years the exports of Hungary to Portugal have increased at an annualized rate of 16.1%, from $13M in 1995 to $730M in 2022.

Exports from Portugal (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Portugal than Hungary were Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

Difference in imports from Hungary (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Hungary

Flow
Scale

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

During 2022, Portugal had a large net trade with Hungary in the exports of Machines ($184M), Transportation ($79.7M), and Instruments ($30.6M).

During 2022, Hungary had a large net trade with Portugal in the exports of Machines ($316M), Transportation ($134M), and Chemical Products ($122M).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Hungary (Flag) (2020)

Services Exports from Hungary (Flag) to Portugal (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Portugal has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Portugal.

Product Space of Portugal (Flag) and Hungary (Flag) (2022)

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