2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Greece-Hungary Trade: In 2022, Greece exported $468M to Hungary. The main products that Greece exported to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). Over the past 5 years the exports of Greece to Hungary have increased at an annualized rate of 25.1%, from $152M in 2017 to $468M in 2022.

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

Hungary-Greece Trade: In 2022, Hungary exported $738M to Greece. The main products that Hungary exported to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). Over the past 5 years the exports of Hungary to Greece have increased at an annualized rate of 9.51%,  from $469M in 2017 to $738M in 2022.

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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, Greece exported $468M to Hungary. The main products exported from Greece to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). During the last 5 years the exports of Greece to Hungary have increased at an annualized rate of 25.1%, from $152M in 2017 to $468M in 2022.

In 2017, Hungary exported $738M to Greece. The main products exported from Hungary to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). During the last 5 years the exports of Hungary to Greece have increased at an annualized rate of 9.51%, from $469M in 2022 to $738M in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Hungary (Flag)

Greece Exports

Hungary Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Greece than Hungary included Cyprus ($2.92B), Libya ($1.95B), and Bulgaria ($3.62B).

In 2022, countries that imported more from Hungary than Greece included Germany ($35.5B), Slovakia ($6.78B), and Romania ($7.94B).

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

Comparative Advantage Greece - Hungary

Flow
Scale

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

During 2022, Greece had a large net trade with Hungary in the exports of Textiles ($88.1M), Footwear and Headwear ($64M), and Metals ($57.1M).

During 2017, Hungary had a large net trade with Greece in the exports of Machines ($224M), Transportation ($128M), and Chemical Products ($103M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Hungary+$17.2MRefined Petroleum
Top Product Potential Hungary Greece+$34.4MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to Hungary (Flag) (2020)

Services Exports from Hungary (Flag) to Greece (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with