2023
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GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 195
2023
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 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC 
$22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
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GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

Hungary-Belarus Trade: In 2023, Hungary exported $114M to Belarus. The main products that Hungary exported to Belarus were N/A. Over the past 5 years the exports of Hungary to Belarus have decreased at an annualized rate of 1.72%, from $125M in 2018 to $114M in 2023.

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 Trade: In 2023, Belarus exported $22.5M to Hungary. The main products that Belarus exported to Hungary were N/A. Over the past 5 years the exports of Belarus to Hungary have decreased at an annualized rate of 22.2%,  from $79.1M in 2018 to $22.5M in 2023.

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 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $114M to Belarus. There were not main exports from Hungary to Belarus in 2023. During the last 5 years the exports of Hungary to Belarus have decreased at an annualized rate of 1.72%, from $125M in 2018 to $114M in 2023.

In 2018, Belarus exported $22.5M to Hungary. There were not main exports from Belarus to Hungary in 2018. During the last 5 years the exports of Belarus to Hungary have decreased at an annualized rate of 22.2%, from $79.1M in 2023 to $22.5M in 2018.

Exports from Hungary (Flag) to Belarus (Flag) (2023)

Exports from Belarus (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Belarus (Flag)

Hungary Exports

Belarus Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$37.4B
Belarus
Top Destination
China$2.6B

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

In 2023, countries that imported more from Belarus than Hungary included Kazakhstan ($757M), Uzbekistan ($509M), and Azerbaijan ($325M).

Difference in imports from Belarus (Flag) and Hungary (Flag) (2023)

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 2023, Hungary had a large net trade with Belarus in the exports of Chemical Products ($64M), Vegetable Products ($10.7M), and Plastics and Rubbers ($9.26M).

During 2018, Belarus had a large net trade with Hungary in the exports of Machines ($9.08M), Transportation ($7.14M), and Miscellaneous ($3.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Belarus+$6.99MPackaged Medicaments
Top Product Potential Belarus Hungary+$3.61MInsulated Wire

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

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

Product Space of Hungary (Flag) and Belarus (Flag) (2023)

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