Hungary (HUN) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

About

Hungary-Bangladesh Trade: In 2023, Hungary exported $11.3M to Bangladesh. The main products that Hungary exported to Bangladesh were Antibiotics ($2.87M), Medical Instruments ($2.76M), and Therapeutic Appliances ($984k). Over the past 5 years the exports of Hungary to Bangladesh have decreased at an annualized rate of 6.15%, from $15.5M in 2018 to $11.3M in 2023.

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

Bangladesh-Hungary Trade: In 2023, Bangladesh exported $93.2M to Hungary. The main products that Bangladesh exported to Hungary were Knit T-shirts ($23M), Knit Sweaters ($10.1M), and Non-Knit Women's Suits ($8.39M). Over the past 5 years the exports of Bangladesh to Hungary have increased at an annualized rate of 61.9%, from $8.37M in 2018 to $93.2M in 2023.

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

Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $11.3M to Bangladesh. The main products exported from Hungary to Bangladesh were Antibiotics ($2.87M), Medical Instruments ($2.76M), and Therapeutic Appliances ($984k). During the last 5 years the exports of Hungary to Bangladesh have decreased at an annualized rate of 6.15%, from $15.5M in 2018 to $11.3M in 2023.

In 2018, Bangladesh exported $93.2M to Hungary. The main products exported from Bangladesh to Hungary were Knit T-shirts ($23M), Knit Sweaters ($10.1M), and Non-Knit Women's Suits ($8.39M). During the last 5 years the exports of Bangladesh to Hungary have increased at an annualized rate of 61.9%, from $8.37M in 2023 to $93.2M in 2018.

Exports from Hungary () to Bangladesh () (2023)

Exports from Bangladesh () to Hungary () (2023)

Latest Data

Trade between Hungary () and Bangladesh ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Bangladesh
Top DestinationUnited States$8.58B

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

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

In 2023, countries that imported more from Bangladesh than Hungary included India ($1.89B), United States ($8.58B), and Canada ($1.66B).

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

Comparative Advantage Hungary - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Bangladesh in the exports of Instruments ($4.46M), Chemical Products ($3.86M), and Machines ($1.37M).

During 2018, Bangladesh had a large net trade with Hungary in the exports of Textiles ($84.6M), Instruments ($4.15M), and Foodstuffs ($3.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Bangladesh+$2.89MVaccines, blood, antisera, toxins and cultures

Top Product Potential Bangladesh Hungary+$12.8MKnit T-shirts

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

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Bangladesh () (2023)

Exports from Bangladesh () to Hungary () (2023)

Latest Data

Trade between Hungary () and Bangladesh ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Hungary - Bangladesh

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring