Zimbabwe (ZWE) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Zimbabwe-Hungary Trade: In 2022, Zimbabwe exported $1.18M to Hungary. The main products that Zimbabwe exported to Hungary were Raw Tobacco ($994k), Integrated Circuits ($66.7k), and Collector's Items ($63k). Over the past 5 years the exports of Zimbabwe to Hungary have decreased at an annualized rate of 20%, from $3.6M in 2017 to $1.18M in 2022.

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

Hungary-Zimbabwe Trade: In 2022, Hungary exported $2.42M to Zimbabwe. The main products that Hungary exported to Zimbabwe were Other Office Machines ($1.59M), Pesticides ($322k), and Computers ($102k). Over the past 5 years the exports of Hungary to Zimbabwe have increased at an annualized rate of 13.9%, from $1.26M in 2017 to $2.42M in 2022.

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

Comparison: In 2022, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B). 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, Zimbabwe exported $1.18M to Hungary. The main products exported from Zimbabwe to Hungary were Raw Tobacco ($994k), Integrated Circuits ($66.7k), and Collector's Items ($63k). During the last 5 years the exports of Zimbabwe to Hungary have decreased at an annualized rate of 20%, from $3.6M in 2017 to $1.18M in 2022.

In 2017, Hungary exported $2.42M to Zimbabwe. The main products exported from Hungary to Zimbabwe were Other Office Machines ($1.59M), Pesticides ($322k), and Computers ($102k). During the last 5 years the exports of Hungary to Zimbabwe have increased at an annualized rate of 13.9%, from $1.26M in 2022 to $2.42M in 2017.

Exports from Zimbabwe () to Hungary () (2022)

Exports from Hungary () to Zimbabwe () (2022)

Latest Data

Trade between Zimbabwe () and Hungary ()

Zimbabwe Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Zimbabwe than Hungary included United Arab Emirates ($4.78B), South Africa ($1.47B), and Mozambique ($191M).

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

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

Comparative Advantage Zimbabwe - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Zimbabwe had a large net trade with Hungary in the exports of Foodstuffs ($994k), Machines ($70k), and Arts and Antiques ($63.7k).

During 2017, Hungary had a large net trade with Zimbabwe in the exports of Machines ($1.96M), Chemical Products ($365k), and Mineral Products ($51.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Zimbabwe Hungary+$915kRaw Tobacco

Top Product Potential Hungary Zimbabwe+$554kComputers

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

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Historical Data

Bilateral Trade by Products

Exports from Zimbabwe () to Hungary () (2022)

Exports from Hungary () to Zimbabwe () (2022)

Latest Data

Trade between Zimbabwe () and Hungary ()

Zimbabwe Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Zimbabwe - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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