Guinea (GIN) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Guinea-Hungary Trade: In 2023, Guinea exported $75.2k to Hungary. The main products that Guinea exported to Hungary were Electrical Transformers ($65.6k), Other live plants, cuttings and slips; mushroom spawn ($5.12k), and Electrical Capacitors ($2.03k). Over the past 5 years the exports of Guinea to Hungary have increased at an annualized rate of 115%, from $1.64k in 2018 to $75.2k in 2023.

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

Hungary-Guinea Trade: In 2023, Hungary exported $3.88M to Guinea. The main products that Hungary exported to Guinea were Used Clothing ($1.14M), Poultry Meat ($897k), and Other Nitrogen Compounds ($578k). Over the past 5 years the exports of Hungary to Guinea have increased at an annualized rate of 6.38%, from $2.09M in 2018 to $3.88M in 2023.

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

Comparison: In 2023, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). 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, Guinea exported $75.2k to Hungary. The main products exported from Guinea to Hungary were Electrical Transformers ($65.6k), Other live plants, cuttings and slips; mushroom spawn ($5.12k), and Electrical Capacitors ($2.03k). During the last 5 years the exports of Guinea to Hungary have increased at an annualized rate of 115%, from $1.64k in 2018 to $75.2k in 2023.

In 2018, Hungary exported $3.88M to Guinea. The main products exported from Hungary to Guinea were Used Clothing ($1.14M), Poultry Meat ($897k), and Other Nitrogen Compounds ($578k). During the last 5 years the exports of Hungary to Guinea have increased at an annualized rate of 6.38%, from $2.09M in 2023 to $3.88M in 2018.

Exports from Guinea () to Hungary () (2023)

Exports from Hungary () to Guinea () (2023)

Latest Data

Trade between Guinea () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Guinea than Hungary included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

In 2023, countries that imported more from Hungary than Guinea included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Guinea - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Hungary in the exports of Machines ($68.8k), Vegetable Products ($6.36k), and Animal Hides ($52).

During 2018, Hungary had a large net trade with Guinea in the exports of Textiles ($1.14M), Animal Products ($897k), and Foodstuffs ($630k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Hungary+$19.5kElectrical Transformers

Top Product Potential Hungary Guinea+$523kPoultry 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 Guinea and Hungary. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Hungary () (2023)

Exports from Hungary () to Guinea () (2023)

Latest Data

Trade between Guinea () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Guinea - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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