Benin (BEN) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Benin-Hungary Trade: In 2022, Benin exported $1.74k to Hungary. The main products that Benin exported to Hungary were Broadcasting Equipment ($1.48k), Video Recording Equipment ($152), and Video Displays ($99). Over the past 6 years the exports of Benin to Hungary have increased at an annualized rate of 165%, from $5 in 2016 to $1.74k in 2022.

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

Hungary-Benin Trade: In 2022, Hungary exported $4.94M to Benin. The main products that Hungary exported to Benin were Used Clothing ($4.18M), Other Office Machines ($249k), and Cars ($247k). Over the past 6 years the exports of Hungary to Benin have increased at an annualized rate of 3.28%, from $4.21M in 2016 to $4.94M in 2022.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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, Benin exported $1.74k to Hungary. The main products exported from Benin to Hungary were Broadcasting Equipment ($1.48k), Video Recording Equipment ($152), and Video Displays ($99). During the last 6 years the exports of Benin to Hungary have increased at an annualized rate of 165%, from $5 in 2016 to $1.74k in 2022.

In 2017, Hungary exported $4.94M to Benin. The main products exported from Hungary to Benin were Used Clothing ($4.18M), Other Office Machines ($249k), and Cars ($247k). During the last 5 years the exports of Hungary to Benin have increased at an annualized rate of 3.28%, from $4.21M in 2022 to $4.94M in 2017.

Exports from Benin () to Hungary () (2022)

Exports from Hungary () to Benin () (2022)

Latest Data

Trade between Benin () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Benin than Hungary included Bangladesh ($406M), Togo ($35.9M), and Chad ($28M).

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

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

Comparative Advantage Benin - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Hungary in the exports of Machines ($1.74k).

During 2017, Hungary had a large net trade with Benin in the exports of Textiles ($4.18M), Transportation ($290k), and Machines ($256k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Hungary+$11.2kTelephones

Top Product Potential Hungary Benin+$910kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Hungary () (2022)

Exports from Hungary () to Benin () (2022)

Latest Data

Trade between Benin () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Benin - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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