2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
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GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
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 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Colombia-Hungary Trade: In 2022, Colombia exported $2.76M to Hungary. The main products that Colombia exported to Hungary were Cut Flowers ($1.42M), Confectionery Sugar ($512k), and Pesticides ($206k). Over the past 5 years the exports of Colombia to Hungary have increased at an annualized rate of 13.9%, from $1.44M in 2017 to $2.76M in 2022.

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

Hungary-Colombia Trade: In 2022, Hungary exported $136M to Colombia. The main products that Hungary exported to Colombia were Cars ($88.9M), Pesticides ($5.72M), and Packaged Medicaments ($2.68M). Over the past 5 years the exports of Hungary to Colombia have increased at an annualized rate of 13.9%,  from $71.1M in 2017 to $136M in 2022.

In 2002, Hungary exported services to Colombia worth $150k, with Government services, n.i.e. ($69.2k), Other business services ($43k), and Transportation ($16.8k) being the largest in terms of value.

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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
Value

In 2022, Colombia exported $2.76M to Hungary. The main products exported from Colombia to Hungary were Cut Flowers ($1.42M), Confectionery Sugar ($512k), and Pesticides ($206k). During the last 5 years the exports of Colombia to Hungary have increased at an annualized rate of 13.9%, from $1.44M in 2017 to $2.76M in 2022.

In 2017, Hungary exported $136M to Colombia. The main products exported from Hungary to Colombia were Cars ($88.9M), Pesticides ($5.72M), and Packaged Medicaments ($2.68M). During the last 5 years the exports of Hungary to Colombia have increased at an annualized rate of 13.9%, from $71.1M in 2022 to $136M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Hungary (Flag)

Colombia Exports

Hungary Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Colombia than Hungary included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

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

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

Comparative Advantage Colombia - Hungary

Flow
Scale

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

During 2022, Colombia had a large net trade with Hungary in the exports of Vegetable Products ($1.42M), Foodstuffs ($681k), and Chemical Products ($270k).

During 2017, Hungary had a large net trade with Colombia in the exports of Transportation ($91.4M), Machines ($15.6M), and Chemical Products ($13.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Hungary+$827kCut Flowers
Top Product Potential Hungary Colombia+$30MCars

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

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

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