Gabon (GAB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Gabon-Hungary Trade: In 2022, Gabon exported $42.7k to Hungary. The main products that Gabon exported to Hungary were Soil Preparation Machinery ($33.1k), Broadcasting Equipment ($8.76k), and Air Pumps ($420). Over the past 5 years the exports of Gabon to Hungary have decreased at an annualized rate of 51.9%, from $1.65M in 2017 to $42.7k in 2022.

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

Hungary-Gabon Trade: In 2022, Hungary exported $1.38M to Gabon. The main products that Hungary exported to Gabon were Pig Meat ($584k), Poultry Meat ($302k), and Used Clothing ($131k). Over the past 5 years the exports of Hungary to Gabon have decreased at an annualized rate of 17.7%, from $3.67M in 2017 to $1.38M in 2022.

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

Comparison: In 2022, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B). 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, Gabon exported $42.7k to Hungary. The main products exported from Gabon to Hungary were Soil Preparation Machinery ($33.1k), Broadcasting Equipment ($8.76k), and Air Pumps ($420). During the last 5 years the exports of Gabon to Hungary have decreased at an annualized rate of 51.9%, from $1.65M in 2017 to $42.7k in 2022.

In 2017, Hungary exported $1.38M to Gabon. The main products exported from Hungary to Gabon were Pig Meat ($584k), Poultry Meat ($302k), and Used Clothing ($131k). During the last 5 years the exports of Hungary to Gabon have decreased at an annualized rate of 17.7%, from $3.67M in 2022 to $1.38M in 2017.

Exports from Gabon () to Hungary () (2022)

Exports from Hungary () to Gabon () (2022)

Latest Data

Trade between Gabon () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$3.4B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Gabon than Hungary included China ($3.4B), Indonesia ($394M), and Malaysia ($299M).

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

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

Comparative Advantage Gabon - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Gabon had a large net trade with Hungary in the exports of Machines ($42.7k) and Metals ($21).

During 2017, Hungary had a large net trade with Gabon in the exports of Animal Products ($902k), Textiles ($131k), and Plastics and Rubbers ($122k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Hungary+$21.1kTelephones

Top Product Potential Hungary Gabon+$353kPoultry Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Hungary () (2022)

Exports from Hungary () to Gabon () (2022)

Latest Data

Trade between Gabon () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Gabon - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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