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

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Romania-Hungary Trade: In 2023, Romania exported $4.22B to Hungary. The main products that Romania exported to Hungary were Electricity ($573M), Insulated Wire ($276M), and Electrical Power Accessories ($150M). Over the past 5 years the exports of Romania to Hungary have increased at an annualized rate of 6.56%, from $3.07B in 2018 to $4.22B in 2023.

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 Trade: In 2023, Hungary exported $8.43B to Romania. The main products that Hungary exported to Romania were Packaged Medicaments ($643M), Broadcasting Equipment ($441M), and Electricity ($362M). Over the past 5 years the exports of Hungary to Romania have increased at an annualized rate of 4.82%, from $6.66B in 2018 to $8.43B in 2023.

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 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $4.22B to Hungary. The main products exported from Romania to Hungary were Electricity ($573M), Insulated Wire ($276M), and Electrical Power Accessories ($150M). During the last 5 years the exports of Romania to Hungary have increased at an annualized rate of 6.56%, from $3.07B in 2018 to $4.22B in 2023.

In 2018, Hungary exported $8.43B to Romania. The main products exported from Hungary to Romania were Packaged Medicaments ($643M), Broadcasting Equipment ($441M), and Electricity ($362M). During the last 5 years the exports of Hungary to Romania have increased at an annualized rate of 4.82%, from $6.66B in 2023 to $8.43B in 2018.

Exports from Romania () to Hungary () (2023)

Exports from Hungary () to Romania () (2023)

Latest Data

Trade between Romania () and Hungary ()

Romania Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Hungary
Top DestinationGermany$37.4B

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 2023, countries that imported more from Romania than Hungary included Bulgaria ($4.03B), Turkey ($3.76B), and Moldova ($1.41B).

In 2023, countries that imported more from Hungary than Romania included Germany ($37.4B), Slovakia ($6.54B), and United States ($7.66B).

Difference in imports from Hungary () and Romania () (2023)

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 2023, Romania had a large net trade with Hungary in the exports of Machines ($1.19B), Mineral Products ($791M), and Metals ($524M).

During 2018, Hungary had a large net trade with Romania in the exports of Machines ($2.16B), Chemical Products ($1.25B), and Foodstuffs ($778M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Hungary+$108MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Hungary Romania+$114MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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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)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Romania and Hungary. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Romania.

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Hungary () (2023)

Exports from Hungary () to Romania () (2023)

Latest Data

Trade between Romania () and Hungary ()

Romania Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Romania () (2023)

Comparative Advantage Romania - Hungary

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Hungary () (2023)

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