Hungary (HUN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Hungary-Ecuador Trade: In 2023, Hungary exported $39.9M to Ecuador. The main products that Hungary exported to Ecuador were Cars ($18.4M), Pesticides ($4.86M), and Vaccines, blood, antisera, toxins and cultures ($2.27M). Over the past 5 years the exports of Hungary to Ecuador have decreased at an annualized rate of 3.59%, from $47.8M in 2018 to $39.9M in 2023.

In 2023, Hungary did not export any services to Ecuador.

Ecuador-Hungary Trade: In 2023, Ecuador exported $3.07M to Hungary. The main products that Ecuador exported to Hungary were Cut Flowers ($2.42M), Processed Fish ($358k), and Other Lead Products ($64.9k). Over the past 5 years the exports of Ecuador to Hungary have increased at an annualized rate of 20.5%, from $1.21M in 2018 to $3.07M in 2023.

In 2023, Ecuador did not export any services to Hungary.

Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $39.9M to Ecuador. The main products exported from Hungary to Ecuador were Cars ($18.4M), Pesticides ($4.86M), and Vaccines, blood, antisera, toxins and cultures ($2.27M). During the last 5 years the exports of Hungary to Ecuador have decreased at an annualized rate of 3.59%, from $47.8M in 2018 to $39.9M in 2023.

In 2018, Ecuador exported $3.07M to Hungary. The main products exported from Ecuador to Hungary were Cut Flowers ($2.42M), Processed Fish ($358k), and Other Lead Products ($64.9k). During the last 5 years the exports of Ecuador to Hungary have increased at an annualized rate of 20.5%, from $1.21M in 2023 to $3.07M in 2018.

Exports from Hungary () to Ecuador () (2023)

Exports from Ecuador () to Hungary () (2023)

Latest Data

Trade between Hungary () and Ecuador ()

Hungary Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Hungary included China ($7.96B), Panama ($4.38B), and Peru ($1.15B).

Difference in imports from Ecuador () and Hungary () (2023)

Comparative Advantage Hungary - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Ecuador in the exports of Transportation ($19.2M), Chemical Products ($11M), and Instruments ($2.59M).

During 2018, Ecuador had a large net trade with Hungary in the exports of Vegetable Products ($2.43M), Foodstuffs ($447k), and Metals ($64.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Ecuador+$12.4MCars

Top Product Potential Ecuador Hungary+$614kProcessed Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Ecuador () (2023)

Exports from Ecuador () to Hungary () (2023)

Latest Data

Trade between Hungary () and Ecuador ()

Hungary Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Hungary () (2023)

Comparative Advantage Hungary - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Ecuador () (2023)

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