Romania (ROU) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Romania-Hungary In 2022, Romania exported $6.75B to Hungary. The main products that Romania exported to Hungary are Petroleum Gas ($1.29B), Electricity ($1.06B), and Insulated Wire ($237M). During the last 27 years the exports of Romania to Hungary have increased at an annualized rate of 14.5%, from $174M in 1995 to $6.75B in 2022.

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

Hungary-Romania In 2022, Hungary exported $7.94B to Romania. The main products that Hungary exported to Romania were Packaged Medicaments ($608M), Electricity ($523M), and Petroleum Gas ($340M). During the last 27 years the exports of Hungary to Romania have increased at an annualized rate of 12.2%, from $353M in 1995 to $7.94B in 2022.

In 2020, Hungary exported services to Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

Comparison In 2022, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Romania exported $6.75B to Hungary. The main products exported from Romania to Hungary were Petroleum Gas ($1.29B), Electricity ($1.06B), and Insulated Wire ($237M). During the last 27 years the exports of Romania to Hungary have increased at an annualized rate of 14.5%, from $174M in 1995 to $6.75B in 2022.

In 2022, Hungary exported $7.94B to Romania. The main products exported from Hungary to Romania were Packaged Medicaments ($608M), Electricity ($523M), and Petroleum Gas ($340M). During the last 27 years the exports of Hungary to Romania have increased at an annualized rate of 12.2%, from $353M in 1995 to $7.94B in 2022.

Exports from Romania () to Hungary () (2022)

Exports from Hungary () to Romania () (2022)

Latest Data

Trade between Romania () and Hungary ()

Romania Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Romania than Hungary were Bulgaria ($3.9B), Moldova ($2.14B), and Italy ($9.55B).

In 2021, countries that imported more from Hungary than Romania were Germany ($35.5B), Slovakia ($6.78B), and Austria ($6.32B).

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

Comparative Advantage Romania - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Hungary in the exports of Mineral Products ($2.62B), Machines ($1.17B), and Metals ($736M).

During 2022, Hungary had a large net trade with Romania in the exports of Machines ($1.49B), Chemical Products ($1.19B), and Mineral Products ($1.15B).

Service Trade

Bilateral Service Trade

Hun Year

Rou Year

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

In 2020, Hungary exported services to Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Hungary () (2022)

Exports from Hungary () to Romania () (2022)

Latest Data

Trade between Romania () and Hungary ()

Romania Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Romania - Hungary

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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