2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$38.1BCURRENT US$
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2012-2022
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GDP GROWTH
65.5%CURRENT US$
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2022
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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2022
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GDP PC
$28,333CURRENT US$
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2012-2022
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GDP PC GROWTH
62.8%CURRENT US$
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About

Hungary-Estonia In 2022, Hungary exported $128M to Estonia. The main products that Hungary exported to Estonia are Broadcasting Equipment ($12.5M), Cars ($6.55M), and Trailers and semi-trailers, not mechanically propelled vehicles ($5.54M). During the last 27 years the exports of Hungary to Estonia have increased at an annualized rate of 8.05%, from $15.8M in 1995 to $128M in 2022.

In 2020, Hungary exported services to Estonia worth $7.77M, with Computer and information services ($3.54M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

Estonia-Hungary In 2022, Estonia exported $79.9M to Hungary. The main products that Estonia exported to Hungary were Semi chemical Woodpulp ($9.56M), Sawn Wood ($4.88M), and Other Metal Fasteners ($4.6M). During the last 27 years the exports of Estonia to Hungary have increased at an annualized rate of 11.8%, from $3.96M in 1995 to $79.9M in 2022.

In 2020, Estonia exported services to Hungary worth $19.5M, with Other business services ($9.25M), Transportation ($6.05M), and Computer and information services ($2.06M) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 13 in the Economic Complexity Index (ECI 1.36),  and 35 in total exports ($145B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $128M to Estonia. The main products exported from Hungary to Estonia were Broadcasting Equipment ($12.5M), Cars ($6.55M), and Trailers and semi-trailers, not mechanically propelled vehicles ($5.54M). During the last 27 years the exports of Hungary to Estonia have increased at an annualized rate of 8.05%, from $15.8M in 1995 to $128M in 2022.

In 2022, Estonia exported $79.9M to Hungary. The main products exported from Estonia to Hungary were Semi chemical Woodpulp ($9.56M), Sawn Wood ($4.88M), and Other Metal Fasteners ($4.6M). During the last 27 years the exports of Estonia to Hungary have increased at an annualized rate of 11.8%, from $3.96M in 1995 to $79.9M in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Estonia (Flag)

Hungary Exports

Estonia Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Estonia
Top Destination
Finland$3B

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

In 2021, countries that imported more from Hungary than Estonia were Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2021, countries that imported more from Estonia than Hungary were Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Comparative Advantage Hungary - Estonia

Flow
Scale

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

During 2022, Hungary had a large net trade with Estonia in the exports of Machines ($52.5M), Transportation ($15M), and Plastics and Rubbers ($14.3M).

During 2022, Estonia had a large net trade with Hungary in the exports of Wood Products ($13M), Machines ($12.4M), and Paper Goods ($9.8M).

Service Trade

Bilateral Service Trade

In 2020, Hungary exported services to Estonia worth $7.77M, with Computer and information services ($3.54M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

In 2020, Estonia exported services to Hungary worth $19.5M, with Other business services ($9.25M), Transportation ($6.05M), and Computer and information services ($2.06M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Estonia (Flag) (2020)

Services Exports from Estonia (Flag) to Hungary (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Estonia. Similarly, the more yellow a dot/product is, the more Estonia has comparative advantage over Hungary.

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

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