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Pricing

2022
Flag → Flag
Exports $47.5MRnk 74 / 205
2022
Flag → Flag
Top Product $9.9MOther Nitrogen Compounds
2022
Flag → Flag
Exports $1.25MRnk 86 / 125
2022
Flag → Flag
Top Product $616kPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.64Rnk 95 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$192BCURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP GROWTH-8.2%CURRENT US$
Rnk 173 / 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$4,274CURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP PC GROWTH-23.8%CURRENT US$
Rnk 175 / 186

About

Hungary-Algeria Trade: In 2022, Hungary exported $47.5M to Algeria. The main products that Hungary exported to Algeria were Other Nitrogen Compounds ($9.9M), Gas Turbines ($4.19M), and Medical Instruments ($4.13M). Over the past 5 years the exports of Hungary to Algeria have decreased at an annualized rate of 13.8%, from $99.7M in 2017 to $47.5M in 2022.

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

Algeria-Hungary Trade: In 2022, Algeria exported $1.25M to Hungary. The main products that Algeria exported to Hungary were Petroleum Gas ($616k), Gas Turbines ($604k), and Plastic Housewares ($22.6k). Over the past 5 years the exports of Algeria to Hungary have increased at an annualized rate of 75.4%,  from $75k in 2017 to $1.25M in 2022.

In 2022, Algeria 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, Algeria ranked 95 in the Economic Complexity Index (ECI -0.64), and 55 in total exports ($58.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $47.5M to Algeria. The main products exported from Hungary to Algeria were Other Nitrogen Compounds ($9.9M), Gas Turbines ($4.19M), and Medical Instruments ($4.13M). During the last 5 years the exports of Hungary to Algeria have decreased at an annualized rate of 13.8%, from $99.7M in 2017 to $47.5M in 2022.

In 2017, Algeria exported $1.25M to Hungary. The main products exported from Algeria to Hungary were Petroleum Gas ($616k), Gas Turbines ($604k), and Plastic Housewares ($22.6k). During the last 5 years the exports of Algeria to Hungary have increased at an annualized rate of 75.4%, from $75k in 2022 to $1.25M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Algeria (Flag)

Hungary Exports

Algeria Exports

Date

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Algeria
Top DestinationItaly$16.9B

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

In 2022, countries that imported more from Hungary than Algeria included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Algeria than Hungary included Italy ($16.9B), Spain ($7.11B), and South Korea ($2.96B).

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

Comparative Advantage Hungary - Algeria

Flow
Scale

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

During 2022, Hungary had a large net trade with Algeria in the exports of Plastics and Rubbers ($16.9M), Chemical Products ($13.2M), and Machines ($7.93M).

During 2017, Algeria had a large net trade with Hungary in the exports of Mineral Products ($616k), Machines ($604k), and Plastics and Rubbers ($22.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Algeria+$3.81MRubber Tires
Top Product Potential Algeria Hungary+$4.83MPetroleum Gas

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

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

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