Botswana (BWA) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Botswana-Hungary Trade: In 2022, Botswana exported $6.03k to Hungary. The main products that Botswana exported to Hungary were Video Displays ($2.62k), Broadcasting Equipment ($1.99k), and Other Cloth Articles ($473). Over the past 5 years the exports of Botswana to Hungary have increased at an annualized rate of 1.66%, from $5.55k in 2017 to $6.03k in 2022.

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

Hungary-Botswana Trade: In 2022, Hungary exported $6.67M to Botswana. The main products that Hungary exported to Botswana were Insulated Wire ($2.96M), Electrical Power Accessories ($1.45M), and Other Heating Machinery ($713k). Over the past 5 years the exports of Hungary to Botswana have increased at an annualized rate of 24%, from $2.28M in 2017 to $6.67M in 2022.

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

Comparison: In 2022, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B). 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, Botswana exported $6.03k to Hungary. The main products exported from Botswana to Hungary were Video Displays ($2.62k), Broadcasting Equipment ($1.99k), and Other Cloth Articles ($473). During the last 5 years the exports of Botswana to Hungary have increased at an annualized rate of 1.66%, from $5.55k in 2017 to $6.03k in 2022.

In 2017, Hungary exported $6.67M to Botswana. The main products exported from Hungary to Botswana were Insulated Wire ($2.96M), Electrical Power Accessories ($1.45M), and Other Heating Machinery ($713k). During the last 5 years the exports of Hungary to Botswana have increased at an annualized rate of 24%, from $2.28M in 2022 to $6.67M in 2017.

Exports from Botswana () to Hungary () (2022)

Exports from Hungary () to Botswana () (2022)

Latest Data

Trade between Botswana () and Hungary ()

Botswana Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Botswana
Top DestinationUnited Arab Emirates$2.31B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Botswana than Hungary included United Arab Emirates ($2.31B), India ($1.28B), and South Africa ($836M).

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

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

Comparative Advantage Botswana - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Botswana had a large net trade with Hungary in the exports of Machines ($4.91k), Plastics and Rubbers ($615), and Textiles ($473).

During 2017, Hungary had a large net trade with Botswana in the exports of Machines ($5.91M), Instruments ($520k), and Metals ($122k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Botswana Hungary+$20.7kTelephones

Top Product Potential Hungary Botswana+$772kInsulated Wire

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

About

Historical Data

Bilateral Trade by Products

Exports from Botswana () to Hungary () (2022)

Exports from Hungary () to Botswana () (2022)

Latest Data

Trade between Botswana () and Hungary ()

Botswana Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Botswana - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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