Zambia (ZMB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Zambia-Hungary Trade: In 2022, Zambia exported $142k to Hungary. The main products that Zambia exported to Hungary were Broadcasting Equipment ($98.1k), Office Machine Parts ($20.7k), and Telephones ($11.2k). Over the past 5 years the exports of Zambia to Hungary have increased at an annualized rate of 33%, from $34.3k in 2017 to $142k in 2022.

In 2022, Zambia did not export any services to Hungary.

Hungary-Zambia Trade: In 2022, Hungary exported $2.46M to Zambia. The main products that Hungary exported to Zambia were Rubber Tires ($1.01M), Pesticides ($706k), and Office Machine Parts ($444k). Over the past 5 years the exports of Hungary to Zambia have increased at an annualized rate of 8.45%, from $1.64M in 2017 to $2.46M in 2022.

In 2022, Hungary did not export any services to Zambia.

Comparison: In 2022, Zambia ranked 96 in the Economic Complexity Index (ECI -0.7), and 88 in total exports ($14.8B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Zambia exported $142k to Hungary. The main products exported from Zambia to Hungary were Broadcasting Equipment ($98.1k), Office Machine Parts ($20.7k), and Telephones ($11.2k). During the last 5 years the exports of Zambia to Hungary have increased at an annualized rate of 33%, from $34.3k in 2017 to $142k in 2022.

In 2017, Hungary exported $2.46M to Zambia. The main products exported from Hungary to Zambia were Rubber Tires ($1.01M), Pesticides ($706k), and Office Machine Parts ($444k). During the last 5 years the exports of Hungary to Zambia have increased at an annualized rate of 8.45%, from $1.64M in 2022 to $2.46M in 2017.

Exports from Zambia () to Hungary () (2022)

Exports from Hungary () to Zambia () (2022)

Latest Data

Trade between Zambia () and Hungary ()

Zambia Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Zambia
Top DestinationSwitzerland$4.5B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Zambia than Hungary included Switzerland ($4.5B), Democratic Republic of the Congo ($1.51B), and Pitcairn Islands ($1.49B).

In 2022, countries that imported more from Hungary than Zambia included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Zambia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Zambia had a large net trade with Hungary in the exports of Machines ($135k), Instruments ($2.3k), and Animal Hides ($2.23k).

During 2017, Hungary had a large net trade with Zambia in the exports of Plastics and Rubbers ($1.01M), Chemical Products ($707k), and Machines ($473k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Zambia Hungary+$174kTelephones

Top Product Potential Hungary Zambia+$1.05MRubber Tires

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

About

Historical Data

Bilateral Trade by Products

Exports from Zambia () to Hungary () (2022)

Exports from Hungary () to Zambia () (2022)

Latest Data

Trade between Zambia () and Hungary ()

Zambia Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Zambia - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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