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Pricing

2022
Flag → Flag
Exports $19.9MRnk 91 / 205
2022
Flag → Flag
Top Product $14.5MCars
2022
Flag → Flag
Exports $49.9kRnk 111 / 146
2022
Flag → Flag
Top Product $29.7kBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

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 36.5%,  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
Value

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 36.5%, from $7.71k in 2022 to $49.9k in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Bolivia (Flag)

Hungary Exports

Bolivia Exports

Market Competitiveness

Color
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 (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - Bolivia

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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