Portugal (PRT) and Hungary (HUN) Trade | OEC - The Observatory of Economic Complexity

About

Portugal-Hungary In 2021, Portugal exported $450M to Hungary. The main products that Portugal exported to Hungary are Cars ($49.4M), Radio Receivers ($48.4M), and Revolution Counters ($35.3M). During the last 26 years the exports of Portugal to Hungary have increased at an annualized rate of 8.97%, from $48.1M in 1995 to $450M in 2021.

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

Hungary-Portugal In 2021, Hungary exported $699M to Portugal. The main products that Hungary exported to Portugal were Spark-Ignition Engines ($107M), Cars ($86.8M), and Video Displays ($42.3M). During the last 26 years the exports of Hungary to Portugal have increased at an annualized rate of 16.6%, from $13M in 1995 to $699M in 2021.

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 2021, Portugal ranked 43 in the Economic Complexity Index (ECI 0.56), and 46 in total exports ($75.6B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B).

Latest Trends

#

February, 2023

About

#

Overview In February 2023, Portugal exported €32.9M and imported €57.2M from Hungary, resulting in a negative trade balance of €24.3M. Between February 2022 and February 2023 the exports of Portugal have decreased by €-2.33M (-6.61%) from €35.3M to €32.9M, while imports decreased by €-904k (-1.56%) from €58.1M to €57.2M.

Trade In February 2023, the top exports of Portugal to Hungary were Electrical machinery and electronics (€9.69M), Cars, tractors, trucks & parts thereof. (€5.31M), Machinery, mechanical appliances, & parts (€2.59M), Optical, photo, & film equipment; medical... (€1.77M), and Plastics & articles thereof (€1.58M). In February 2023 the top imports of Portugal from Hungary were Electrical machinery and electronics (€12.1M), Cars, tractors, trucks & parts thereof. (€8.96M), Machinery, mechanical appliances, & parts (€7.36M), Pharmaceutical products (€3.52M), and Optical, photo, & film equipment; medical... (€3.21M).

Growth In February 2023, the decrease in Portugal's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-2.42M or -31.3%), Optical, photo, & film equipment; medical... (€-755k or -29.9%), and Pharmaceutical products (€-607k or -55.4%). In February 2023, the decrease in Portugal's year-by-year imports from Hungary was explained primarily by an decrease in product imports in Machinery, mechanical appliances, & parts (€-3.52M or -32.3%), Precious stones, metals, & pearls (€-1.07M or -100%), and Chemical products n.e.s. (€-937k or -90.2%).

Latest Trade

#

Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €-2.33M, (-6.61%)

IMPORT GROWTH (February 2022 - February 2023): €-904k, (-1.56%)

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.

Explore Hungary and Portugal Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2021, Portugal exported $450M to Hungary. The main products exported from Portugal to Hungary were Cars ($49.4M), Radio Receivers ($48.4M), and Revolution Counters ($35.3M). During the last 26 years the exports of Portugal to Hungary have increased at an annualized rate of 8.97%, from $48.1M in 1995 to $450M in 2021.

In 2021, Hungary exported $699M to Portugal. The main products exported from Hungary to Portugal were Spark-Ignition Engines ($107M), Cars ($86.8M), and Video Displays ($42.3M). During the last 26 years the exports of Hungary to Portugal have increased at an annualized rate of 16.6%, from $13M in 1995 to $699M in 2021.

Market Competitiveness

#

Color

SectionYear

Portugal
Top Destination: Spain, $19.3B

Hungary
Top Destination: Germany, $35.7B

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 ($19.3B), France ($9.33B), and Angola ($1.19B).

In 2021, countries that imported more from Hungary than Portugal were Germany ($35.7B), Romania ($7.25B), and Slovakia ($6.42B).

Comparative Advantage Portugal - Hungary

#

Flow

Scale

Year

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

During 2021, Portugal had a large net trade with Hungary in the exports of Machines ($183M), Transportation ($81.2M), and Plastics and Rubbers ($44M).

During 2021, Hungary had a large net trade with Portugal in the exports of Machines ($319M), Transportation ($124M), and Chemical Products ($120M).

Service Trade

#

Bilateral Service Trade

#

Hun YearPrt Year

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.

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Portugal - Hungary

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles