Egypt (EGY) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Egypt-Hungary Trade: In 2023, Egypt exported $95.4M to Hungary. The main products that Egypt exported to Hungary were Carbon ($12.1M), Air Conditioners ($11.6M), and Broadcasting Equipment ($11.1M). Over the past 5 years the exports of Egypt to Hungary have decreased at an annualized rate of 12%, from $181M in 2018 to $95.4M in 2023.

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

Hungary-Egypt Trade: In 2023, Hungary exported $296M to Egypt. The main products that Hungary exported to Egypt were Railway Passenger Cars ($126M), Cars ($28.8M), and Liquid Pumps ($10.4M). Over the past 5 years the exports of Hungary to Egypt have increased at an annualized rate of 12.2%, from $166M in 2018 to $296M in 2023.

In 2020, Hungary exported services to Egypt worth $13.2M, with Travel ($8.45M), Transportation ($2.28M), and Other business services ($1.6M) being the largest in terms of value.

Comparison: In 2023, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Egypt exported $95.4M to Hungary. The main products exported from Egypt to Hungary were Carbon ($12.1M), Air Conditioners ($11.6M), and Broadcasting Equipment ($11.1M). During the last 5 years the exports of Egypt to Hungary have decreased at an annualized rate of 12%, from $181M in 2018 to $95.4M in 2023.

In 2018, Hungary exported $296M to Egypt. The main products exported from Hungary to Egypt were Railway Passenger Cars ($126M), Cars ($28.8M), and Liquid Pumps ($10.4M). During the last 5 years the exports of Hungary to Egypt have increased at an annualized rate of 12.2%, from $166M in 2023 to $296M in 2018.

Exports from Egypt () to Hungary () (2023)

Exports from Hungary () to Egypt () (2023)

Latest Data

Trade between Egypt () and Hungary ()

Egypt Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationSaudi Arabia$5.31B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Egypt than Hungary included Saudi Arabia ($5.31B), Turkey ($4.63B), and Libya ($1.79B).

In 2023, countries that imported more from Hungary than Egypt included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

Difference in imports from Hungary () and Egypt () (2023)

Comparative Advantage Egypt - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Egypt had a large net trade with Hungary in the exports of Machines ($33.6M), Vegetable Products ($17.6M), and Plastics and Rubbers ($16M).

During 2018, Hungary had a large net trade with Egypt in the exports of Transportation ($158M), Machines ($53.6M), and Chemical Products ($29.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Egypt Hungary+$10.7MInsulated Wire

Top Product Potential Hungary Egypt+$32.2MCars

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

Hun Year

In 2020, Hungary exported services to Egypt worth $13.2M, with Travel ($8.45M), Transportation ($2.28M), and Other business services ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Egypt () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Egypt () to Hungary () (2023)

Exports from Hungary () to Egypt () (2023)

Latest Data

Trade between Egypt () and Hungary ()

Egypt Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Egypt () (2023)

Comparative Advantage Egypt - Hungary

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Hungary () to Egypt () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Egypt () and Hungary () (2023)

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