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Pricing

2022
Flag → Flag
Exports $70.9MRnk 122 / 223
2022
Flag → Flag
Top Product $25.2MTanned Equine and Bovine Hides
2022
Flag → Flag
Exports $395MRnk 42 / 205
2022
Flag → Flag
Top Product $42.3MCars
2022
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Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Brazil-Hungary Trade: In 2022, Brazil exported $70.9M to Hungary. The main products that Brazil exported to Hungary were Tanned Equine and Bovine Hides ($25.2M), Gas Turbines ($6.08M), and Nitrile Compounds ($5.45M). Over the past 5 years the exports of Brazil to Hungary have decreased at an annualized rate of 19.7%, from $213M in 2017 to $70.9M in 2022.

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

Hungary-Brazil Trade: In 2022, Hungary exported $395M to Brazil. The main products that Hungary exported to Brazil were Cars ($42.3M), Motor vehicles; parts and accessories (8701 to 8705) ($32.1M), and Pesticides ($27.5M). Over the past 5 years the exports of Hungary to Brazil have increased at an annualized rate of 5.72%,  from $299M in 2017 to $395M in 2022.

In 2020, Hungary exported services to Brazil worth $77.9M, with Other business services ($48M), Computer and information services ($17.5M), and Royalties and license fees ($7.77M) being the largest in terms of value.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $1.79M and imported $46M from Hungary, resulting in a negative trade balance of $44.2M. Between October 2023 and October 2024 the exports of Brazil have decreased by $-3.1M (-63.4%) from $4.9M to $1.79M, while imports increased by $2.11M (4.79%) from $43.9M to $46M.

Trade In October 2024, the top exports of Brazil to Hungary were Forging Machines ($6.93M), Liquid Dispersing Machines ($3.17M), Leather of Other Animals ($1.79M), Electric Motors ($407k), and Electrical Capacitors ($261k). In October 2024 the top imports of Brazil from Hungary were Cars ($5.34M), Motor vehicles; parts and accessories (8701... ($3.89M), Pesticides ($3.72M), Nucleic Acids ($2.65M), and Engine Parts ($1.88M).

Origins In October 2024 the exports of Brazil were mainly from São Paulo ($699k), Santa Catarina ($533k), Rio Grande do Sul ($448k), Minas Gerais ($54.3k), and Paraná ($43.7k), while imports destinations were mainly São Paulo ($22.2M), Paraná ($8.03M), Espírito Santo ($5.6M), Santa Catarina ($4.92M), and Minas Gerais ($1.93M).

Growth In October 2024, the decrease in Brazil's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Rubber Footwear ($-563k or -80.3%), Air Conditioners ($-471k or -75.1%), and Large Construction Vehicles ($-468k or -89.5%). In October 2024, the increase in Brazil's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Cars ($5.14M or 2.56k%), Nucleic Acids ($2.6M or 5.19k%), and Computers ($1.66M or 921%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-3.1M(-63.4%)
IMPORT GROWTH (October 2023 - October 2024)$2.11M(4.79%)
MAIN EXPORTER (October 2024)São Paulo$699k

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Hungary and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $70.9M to Hungary. The main products exported from Brazil to Hungary were Tanned Equine and Bovine Hides ($25.2M), Gas Turbines ($6.08M), and Nitrile Compounds ($5.45M). During the last 5 years the exports of Brazil to Hungary have decreased at an annualized rate of 19.7%, from $213M in 2017 to $70.9M in 2022.

In 2017, Hungary exported $395M to Brazil. The main products exported from Hungary to Brazil were Cars ($42.3M), Motor vehicles; parts and accessories (8701 to 8705) ($32.1M), and Pesticides ($27.5M). During the last 5 years the exports of Hungary to Brazil have increased at an annualized rate of 5.72%, from $299M in 2022 to $395M in 2017.

Exports from Brazil (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Brazil than Hungary included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Hungary than Brazil included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

Difference in imports from Hungary (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Hungary

Flow
Scale

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

During 2022, Brazil had a large net trade with Hungary in the exports of Machines ($29.9M), Animal Hides ($25.3M), and Chemical Products ($6.11M).

During 2017, Hungary had a large net trade with Brazil in the exports of Machines ($132M), Transportation ($77.6M), and Chemical Products ($76.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Hungary+$3.97MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Hungary Brazil+$53.3MMotor 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 Brazil worth $77.9M, with Other business services ($48M), Computer and information services ($17.5M), and Royalties and license fees ($7.77M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Hungary (Flag) (2022)

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