Senegal (SEN) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Senegal-Hungary Trade: In 2023, Senegal exported $368k to Hungary. The main products that Senegal exported to Hungary were Broadcasting Equipment ($127k), Video Displays ($120k), and Electrical Transformers ($79.7k). Over the past 5 years the exports of Senegal to Hungary have increased at an annualized rate of 38.9%, from $71.1k in 2018 to $368k in 2023.

In 2023, Senegal did not export any services to Hungary.

Hungary-Senegal Trade: In 2023, Hungary exported $6.94M to Senegal. The main products that Hungary exported to Senegal were Railway Freight Cars ($918k), Other Nitrogen Compounds ($859k), and Scented Mixtures ($760k). Over the past 5 years the exports of Hungary to Senegal have decreased at an annualized rate of 19.3%, from $20.3M in 2018 to $6.94M in 2023.

In 2023, Hungary did not export any services to Senegal.

Comparison: In 2023, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B). 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, Senegal exported $368k to Hungary. The main products exported from Senegal to Hungary were Broadcasting Equipment ($127k), Video Displays ($120k), and Electrical Transformers ($79.7k). During the last 5 years the exports of Senegal to Hungary have increased at an annualized rate of 38.9%, from $71.1k in 2018 to $368k in 2023.

In 2018, Hungary exported $6.94M to Senegal. The main products exported from Hungary to Senegal were Railway Freight Cars ($918k), Other Nitrogen Compounds ($859k), and Scented Mixtures ($760k). During the last 5 years the exports of Hungary to Senegal have decreased at an annualized rate of 19.3%, from $20.3M in 2023 to $6.94M in 2018.

Exports from Senegal () to Hungary () (2023)

Exports from Hungary () to Senegal () (2023)

Latest Data

Trade between Senegal () and Hungary ()

Senegal Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Senegal
Top DestinationMali$1.22B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Senegal than Hungary included Mali ($1.22B), Gambia ($210M), and India ($681M).

In 2023, countries that imported more from Hungary than Senegal included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Senegal - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Senegal had a large net trade with Hungary in the exports of Machines ($329k), Stone And Glass ($25.5k), and Metals ($9.65k).

During 2018, Hungary had a large net trade with Senegal in the exports of Transportation ($2.77M), Chemical Products ($1.79M), and Machines ($1.05M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Senegal Hungary+$259kTelephones

Top Product Potential Hungary Senegal+$2.72MCars

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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Senegal () to Hungary () (2023)

Exports from Hungary () to Senegal () (2023)

Latest Data

Trade between Senegal () and Hungary ()

Senegal Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Senegal - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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