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Pricing

2023
Flag → Flag
Exports $191MRnk 95 / 216
2023
Flag → Flag
Top Product $116MPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $863MRnk 28 / 201
2023
Flag → Flag
Top Product $237MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
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GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

United Arab Emirates-Hungary Trade: In 2023, United Arab Emirates exported $191M to Hungary. The main products that United Arab Emirates exported to Hungary were Planes, Helicopters, and/or Spacecraft ($116M), Broadcasting Equipment ($21.7M), and Nitrogenous Fertilizers ($6.82M). Over the past 5 years the exports of United Arab Emirates to Hungary have increased at an annualized rate of 34.7%, from $43M in 2018 to $191M in 2023.

In 2023, United Arab Emirates did not export any services to Hungary.

Hungary-United Arab Emirates Trade: In 2023, Hungary exported $863M to United Arab Emirates. The main products that Hungary exported to United Arab Emirates were Planes, Helicopters, and/or Spacecraft ($237M), Cars ($82.7M), and Gas Turbines ($64M). Over the past 5 years the exports of Hungary to United Arab Emirates have increased at an annualized rate of 21%,  from $332M in 2018 to $863M in 2023.

In 2023, Hungary did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). 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
Value

In 2023, United Arab Emirates exported $191M to Hungary. The main products exported from United Arab Emirates to Hungary were Planes, Helicopters, and/or Spacecraft ($116M), Broadcasting Equipment ($21.7M), and Nitrogenous Fertilizers ($6.82M). During the last 5 years the exports of United Arab Emirates to Hungary have increased at an annualized rate of 34.7%, from $43M in 2018 to $191M in 2023.

In 2018, Hungary exported $863M to United Arab Emirates. The main products exported from Hungary to United Arab Emirates were Planes, Helicopters, and/or Spacecraft ($237M), Cars ($82.7M), and Gas Turbines ($64M). During the last 5 years the exports of Hungary to United Arab Emirates have increased at an annualized rate of 21%, from $332M in 2023 to $863M in 2018.

Exports from United Arab Emirates (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Hungary (Flag)

United Arab Emirates Exports

Hungary Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from United Arab Emirates than Hungary included India ($38.2B), China ($40.2B), and Japan ($37.4B).

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

Difference in imports from Hungary (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Hungary

Flow
Scale

This chart compares trade between United Arab Emirates and Hungary by product, considering products traded by both, United Arab Emirates and Hungary.

During 2023, United Arab Emirates had a large net trade with Hungary in the exports of Transportation ($118M), Machines ($41.3M), and Plastics and Rubbers ($13M).

During 2018, Hungary had a large net trade with United Arab Emirates in the exports of Transportation ($350M), Machines ($340M), and Chemical Products ($38.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Hungary+$27.3MTelephones
Top Product Potential Hungary United Arab Emirates+$64.3MCars

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

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

Product Space of United Arab Emirates (Flag) and Hungary (Flag) (2023)

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