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2023
Flag → Flag
Exports $17.7MRnk 103 / 168
2023
Flag → Flag
Top Product $6.61MGround Nuts
2023
Flag → Flag
Exports $292MRnk 49 / 201
2023
Flag → Flag
Top Product $112MCombustion Engines
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Argentina-Hungary Trade: In 2023, Argentina exported $17.7M to Hungary. The main products that Argentina exported to Hungary were Ground Nuts ($6.61M), Harvesting Machinery ($5.14M), and Corn ($2.66M). Over the past 5 years the exports of Argentina to Hungary have decreased at an annualized rate of 3.17%, from $20.8M in 2018 to $17.7M in 2023.

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

Hungary-Argentina Trade: In 2023, Hungary exported $292M to Argentina. The main products that Hungary exported to Argentina were Combustion Engines ($112M), Motor vehicles; parts and accessories (8701 to 8705) ($41.9M), and Pesticides ($15.6M). Over the past 5 years the exports of Hungary to Argentina have decreased at an annualized rate of 0.55%,  from $300M in 2018 to $292M in 2023.

In 2020, Hungary exported services to Argentina worth $15.3M, with Travel ($14.3M), Royalties and license fees ($685k), and Transportation ($228k) being the largest in terms of value.

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). 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
Value

In 2023, Argentina exported $17.7M to Hungary. The main products exported from Argentina to Hungary were Ground Nuts ($6.61M), Harvesting Machinery ($5.14M), and Corn ($2.66M). During the last 5 years the exports of Argentina to Hungary have decreased at an annualized rate of 3.17%, from $20.8M in 2018 to $17.7M in 2023.

In 2018, Hungary exported $292M to Argentina. The main products exported from Hungary to Argentina were Combustion Engines ($112M), Motor vehicles; parts and accessories (8701 to 8705) ($41.9M), and Pesticides ($15.6M). During the last 5 years the exports of Hungary to Argentina have decreased at an annualized rate of 0.55%, from $300M in 2023 to $292M in 2018.

Exports from Argentina (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Argentina (Flag) (2023)

Latest Data

Trade between Argentina (Flag) and Hungary (Flag)

Argentina Exports

Hungary Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Argentina than Hungary included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

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

Difference in imports from Hungary (Flag) and Argentina (Flag) (2023)

Comparative Advantage Argentina - Hungary

Flow
Scale

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

During 2023, Argentina had a large net trade with Hungary in the exports of Vegetable Products ($9.88M), Machines ($6.52M), and Foodstuffs ($772k).

During 2018, Hungary had a large net trade with Argentina in the exports of Machines ($159M), Transportation ($47.5M), and Chemical Products ($27.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Hungary+$4.95MCorn
Top Product Potential Hungary Argentina+$30.3MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, Hungary exported services to Argentina worth $15.3M, with Travel ($14.3M), Royalties and license fees ($685k), and Transportation ($228k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Argentina (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Argentina (Flag) and Hungary (Flag) (2023)

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