Hungary (HUN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Hungary-Bolivia Trade: In 2022, Hungary exported $19.9M to Bolivia. The main products that Hungary exported to Bolivia were Cars ($14.5M), Vaccines, blood, antisera, toxins and cultures ($1.22M), and Gas Turbines ($599k). Over the past 5 years the exports of Hungary to Bolivia have decreased at an annualized rate of 5.37%, from $26.2M in 2017 to $19.9M in 2022.

In 2022, Hungary did not export any services to Bolivia.

Bolivia-Hungary Trade: In 2022, Bolivia exported $49.9k to Hungary. The main products that Bolivia exported to Hungary were Broadcasting Equipment ($29.7k), Computers ($17.6k), and Trunks and Cases ($1.61k). Over the past 5 years the exports of Bolivia to Hungary have increased at an annualized rate of 45.3%, from $7.71k in 2017 to $49.9k in 2022.

In 2022, Bolivia did not export any services to Hungary.

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $19.9M to Bolivia. The main products exported from Hungary to Bolivia were Cars ($14.5M), Vaccines, blood, antisera, toxins and cultures ($1.22M), and Gas Turbines ($599k). During the last 5 years the exports of Hungary to Bolivia have decreased at an annualized rate of 5.37%, from $26.2M in 2017 to $19.9M in 2022.

In 2017, Bolivia exported $49.9k to Hungary. The main products exported from Bolivia to Hungary were Broadcasting Equipment ($29.7k), Computers ($17.6k), and Trunks and Cases ($1.61k). During the last 5 years the exports of Bolivia to Hungary have increased at an annualized rate of 45.3%, from $7.71k in 2022 to $49.9k in 2017.

Exports from Hungary () to Bolivia () (2022)

Exports from Bolivia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Bolivia ()

Hungary Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Hungary than Bolivia included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Bolivia than Hungary included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and Hungary () (2022)

Comparative Advantage Hungary - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Bolivia in the exports of Transportation ($14.9M), Machines ($1.69M), and Chemical Products ($1.51M).

During 2017, Bolivia had a large net trade with Hungary in the exports of Machines ($47.2k), Animal Hides ($1.86k), and Textiles ($661).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Bolivia+$5.29MCars

Top Product Potential Bolivia Hungary+$90.2kTelephones

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 Hungary and Bolivia. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Hungary.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Bolivia () (2022)

Exports from Bolivia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Bolivia ()

Hungary Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Hungary () (2022)

Comparative Advantage Hungary - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Bolivia () (2022)

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