Flag Romania / Hungary Flag

2020
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Exports
: $3.24B, Rnk 4 / 194

2020
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Top Product
: $244M, Insulated Wire

2020
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Exports
: $6.28B, Rnk 2 / 205

2020
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Top Product
: $490M, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI 1.01, Rnk 26 / 127

2020
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Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
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GDP
: $250B, CURRENT US$
Rnk 45 / 204

2010-2020
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GDP GROWTH
: 50%, CURRENT US$
Rnk 57 / 204

2020
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 GDP
: $157B, CURRENT US$
Rnk 54 / 204

2010-2020
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GDP GROWTH
: 18.5%, CURRENT US$
Rnk 122 / 204

2020
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GDP PC 
: $12,957, CURRENT US$
Rnk 70 / 204

2010-2020
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GDP PC GROWTH
: 57.7%, CURRENT US$
Rnk 24 / 204

2020
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GDP PC
: $16,076, CURRENT US$
Rnk 61 / 204

2010-2020
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GDP PC GROWTH
: 21.6%, CURRENT US$
Rnk 85 / 204

Romania-Hungary In 2020, Romania exported $3.24B to Hungary. The main products that Romania exported to Hungary are Insulated Wire ($244M), Motor vehicles; parts and accessories (8701 to 8705) ($219M), and Raw Aluminium ($117M). During the last 25 years the exports of Romania to Hungary have increased at an annualized rate of 12.4%, from $175M in 1995 to $3.24B in 2020.

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 2020, Hungary exported $6.28B to Romania. The main products that Hungary exported to Romania were Packaged Medicaments ($490M), Refined Petroleum ($273M), and Broadcasting Equipment ($233M). During the last 25 years the exports of Hungary to Romania have increased at an annualized rate of 12.2%, from $354M in 1995 to $6.28B in 2020.

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 2020,  Romania ranked 26 in the Economic Complexity Index (ECI 1.01), and 41 in total exports ($73B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Romania exported $3.24B to Hungary. The main products exported from Romania to Hungary were Insulated Wire ($244M), Motor vehicles; parts and accessories (8701 to 8705) ($219M), and Raw Aluminium ($117M). During the last 25 years the exports of Romania to Hungary have increased at an annualized rate of 12.4%, from $175M in 1995 to $3.24B in 2020.

In 2020, Hungary exported $6.28B to Romania. The main products exported from Hungary to Romania were Packaged Medicaments ($490M), Refined Petroleum ($273M), and Broadcasting Equipment ($233M). During the last 25 years the exports of Hungary to Romania have increased at an annualized rate of 12.2%, from $354M in 1995 to $6.28B in 2020.

Romania Exports

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Hungary Exports

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Market Competitiveness

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Measure

Romania
Top Destination
: Germany, $15.9B

Hungary
Top Destination
: Germany, $31.4B

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 2019, countries that imported more from Romania than Hungary were Italy ($7.45B), Bulgaria ($2.59B), and Moldova ($1.03B).

In 2019, countries that imported more from Hungary than Romania were Germany ($31.4B), Slovakia ($5.42B), and Austria ($4.94B).

Comparative Advantage Romania - Hungary

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Flow
Scale

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

During 2020, Romania had a large net trade with Hungary in the exports of Machines ($1.04B), Metals ($442M), and Transportation ($345M).

During 2020, Hungary had a large net trade with Romania in the exports of Machines ($1.38B), Chemical Products ($907M), and Vegetable Products ($557M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.