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2022
Flag → Flag
Exports $83.7MRnk 67 / 205
2022
Flag → Flag
Top Product $26.9MCars
2022
Flag → Flag
Exports $21MRnk 77 / 185
2022
Flag → Flag
Top Product $17.6MSulfate Chemical Woodpulp
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 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$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Hungary-Chile Trade: In 2022, Hungary exported $83.7M to Chile. The main products that Hungary exported to Chile were Cars ($26.9M), Gas Turbines ($5.72M), and Special Pharmaceuticals ($3.67M). Over the past 5 years the exports of Hungary to Chile have increased at an annualized rate of 1.86%, from $76.4M in 2017 to $83.7M in 2022.

In 2020, Hungary exported services to Chile worth $5.83M, with Transportation ($2.4M), Other business services ($1.37M), and Royalties and license fees ($1.14M) being the largest in terms of value.

Chile-Hungary Trade: In 2022, Chile exported $21M to Hungary. The main products that Chile exported to Hungary were Sulfate Chemical Woodpulp ($17.6M), Dried Fruits ($1.16M), and Dried Legumes ($839k). Over the past 5 years the exports of Chile to Hungary have increased at an annualized rate of 4.29%,  from $17.1M in 2017 to $21M in 2022.

In 2022, Chile 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, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $83.7M to Chile. The main products exported from Hungary to Chile were Cars ($26.9M), Gas Turbines ($5.72M), and Special Pharmaceuticals ($3.67M). During the last 5 years the exports of Hungary to Chile have increased at an annualized rate of 1.86%, from $76.4M in 2017 to $83.7M in 2022.

In 2017, Chile exported $21M to Hungary. The main products exported from Chile to Hungary were Sulfate Chemical Woodpulp ($17.6M), Dried Fruits ($1.16M), and Dried Legumes ($839k). During the last 5 years the exports of Chile to Hungary have increased at an annualized rate of 4.29%, from $17.1M in 2022 to $21M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Chile (Flag)

Hungary Exports

Chile Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Chile
Top DestinationChina$38.5B

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

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

In 2022, countries that imported more from Chile than Hungary included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Comparative Advantage Hungary - Chile

Flow
Scale

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

During 2022, Hungary had a large net trade with Chile in the exports of Transportation ($28.2M), Machines ($21.3M), and Chemical Products ($10.8M).

During 2017, Chile had a large net trade with Hungary in the exports of Paper Goods ($17.6M), Vegetable Products ($2.42M), and Machines ($755k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Chile+$25MCars
Top Product Potential Chile Hungary+$1.12MTelephones

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

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

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