Uzbekistan (UZB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Uzbekistan-Hungary Trade: In 2023, Uzbekistan exported $3.05M to Hungary. The main products that Uzbekistan exported to Hungary were Rubberworking Machinery ($416k), Recovered Paper Pulp ($385k), and Glass Bottles ($332k). Over the past 5 years the exports of Uzbekistan to Hungary have increased at an annualized rate of 34.4%, from $695k in 2018 to $3.05M in 2023.

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

Hungary-Uzbekistan Trade: In 2023, Hungary exported $90.2M to Uzbekistan. The main products that Hungary exported to Uzbekistan were Packaged Medicaments ($36.6M), Poultry ($9.77M), and Other Office Machines ($7.6M). Over the past 5 years the exports of Hungary to Uzbekistan have increased at an annualized rate of 11.7%, from $51.8M in 2018 to $90.2M in 2023.

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

Comparison: In 2023, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). 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, Uzbekistan exported $3.05M to Hungary. The main products exported from Uzbekistan to Hungary were Rubberworking Machinery ($416k), Recovered Paper Pulp ($385k), and Glass Bottles ($332k). During the last 5 years the exports of Uzbekistan to Hungary have increased at an annualized rate of 34.4%, from $695k in 2018 to $3.05M in 2023.

In 2018, Hungary exported $90.2M to Uzbekistan. The main products exported from Hungary to Uzbekistan were Packaged Medicaments ($36.6M), Poultry ($9.77M), and Other Office Machines ($7.6M). During the last 5 years the exports of Hungary to Uzbekistan have increased at an annualized rate of 11.7%, from $51.8M in 2023 to $90.2M in 2018.

Exports from Uzbekistan () to Hungary () (2023)

Exports from Hungary () to Uzbekistan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$8.18B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Uzbekistan than Hungary included Switzerland ($8.18B), Russia ($3.02B), and Kazakhstan ($1.37B).

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

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

Comparative Advantage Uzbekistan - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uzbekistan had a large net trade with Hungary in the exports of Machines ($756k), Vegetable Products ($605k), and Textiles ($414k).

During 2018, Hungary had a large net trade with Uzbekistan in the exports of Chemical Products ($43M), Machines ($20.6M), and Animal Products ($10.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Hungary+$1.06MInsulated Wire

Top Product Potential Hungary Uzbekistan+$6.03MPackaged Medicaments

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 Uzbekistan and Hungary. This means that a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Uzbekistan.

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Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Hungary () (2023)

Exports from Hungary () to Uzbekistan () (2023)

Market Competitiveness

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

Comparative Advantage Uzbekistan - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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