2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
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GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
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GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
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GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Hungary-Belarus In 2022, Hungary exported $104M to Belarus. The main products that Hungary exported to Belarus are Packaged Medicaments ($34.9M), Dental Products ($8.61M), and Amino-resins ($8.45M). During the last 27 years the exports of Hungary to Belarus have increased at an annualized rate of 1.04%, from $78.6M in 1995 to $104M in 2022.

In 2002, Hungary exported services to Belarus worth $514k, with Transportation ($246k), Government services, n.i.e. ($138k), and Communications services ($51.4k) being the largest in terms of value.

Belarus-Hungary In 2022, Belarus exported $47.3M to Hungary. The main products that Belarus exported to Hungary were Carbon ($9.27M), Insulated Wire ($4.7M), and Acyclic Hydrocarbons ($4.01M). During the last 27 years the exports of Belarus to Hungary have increased at an annualized rate of 1.54%, from $31.3M in 1995 to $47.3M in 2022.

In 2014, Belarus exported services to Hungary worth $523k, with Government services, n.i.e. ($206k), Computer and information services ($179k), and Insurance services ($134k) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Belarus ranked 30 in the Economic Complexity Index (ECI 0.86), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $104M to Belarus. The main products exported from Hungary to Belarus were Packaged Medicaments ($34.9M), Dental Products ($8.61M), and Amino-resins ($8.45M). During the last 27 years the exports of Hungary to Belarus have increased at an annualized rate of 1.04%, from $78.6M in 1995 to $104M in 2022.

In 2022, Belarus exported $47.3M to Hungary. The main products exported from Belarus to Hungary were Carbon ($9.27M), Insulated Wire ($4.7M), and Acyclic Hydrocarbons ($4.01M). During the last 27 years the exports of Belarus to Hungary have increased at an annualized rate of 1.54%, from $31.3M in 1995 to $47.3M in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Belarus (Flag)

Hungary Exports

Belarus Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Belarus
Top Destination
China$1.6B

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

In 2021, countries that imported more from Hungary than Belarus were Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

In 2021, countries that imported more from Belarus than Hungary were Kazakhstan ($827M), Lithuania ($778M), and Uzbekistan ($386M).

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

Comparative Advantage Hungary - Belarus

Flow
Scale

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

During 2022, Hungary had a large net trade with Belarus in the exports of Chemical Products ($53.2M), Plastics and Rubbers ($10.9M), and Animal Products ($10.5M).

During 2022, Belarus had a large net trade with Hungary in the exports of Chemical Products ($15.1M), Wood Products ($9.54M), and Machines ($9.52M).

Service Trade

Bilateral Service Trade

Hun Year

In 2002, Hungary exported services to Belarus worth $514k, with Transportation ($246k), Government services, n.i.e. ($138k), and Communications services ($51.4k) being the largest in terms of value.

In 2014, Belarus exported services to Hungary worth $523k, with Government services, n.i.e. ($206k), Computer and information services ($179k), and Insurance services ($134k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Belarus (Flag) (2002)

Services Exports from Belarus (Flag) to Hungary (Flag) (2014)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Belarus. Similarly, the more yellow a dot/product is, the more Belarus has comparative advantage over Hungary.

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

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