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2022
Flag → Flag
Exports $738MRnk 29 / 205
2022
Flag → Flag
Top Product $106MCars
2022
Flag → Flag
Exports $468MRnk 28 / 208
2022
Flag → Flag
Top Product $21.9MTextile Footwear
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Hungary-Greece Trade: In 2022, Hungary exported $738M to Greece. The main products that Hungary exported to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). Over the past 5 years the exports of Hungary to Greece have increased at an annualized rate of 9.51%, from $469M in 2017 to $738M in 2022.

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

Greece-Hungary Trade: In 2022, Greece exported $468M to Hungary. The main products that Greece exported to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). Over the past 5 years the exports of Greece to Hungary have increased at an annualized rate of 25.1%,  from $152M in 2017 to $468M in 2022.

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $738M to Greece. The main products exported from Hungary to Greece were Cars ($106M), Video Displays ($32.4M), and Low-voltage Protection Equipment ($26.7M). During the last 5 years the exports of Hungary to Greece have increased at an annualized rate of 9.51%, from $469M in 2017 to $738M in 2022.

In 2017, Greece exported $468M to Hungary. The main products exported from Greece to Hungary were Textile Footwear ($21.9M), Aluminium Plating ($21.9M), and Citrus ($16.9M). During the last 5 years the exports of Greece to Hungary have increased at an annualized rate of 25.1%, from $152M in 2022 to $468M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Greece (Flag)

Hungary Exports

Greece Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Greece
Top DestinationItaly$5.82B

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

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

In 2022, countries that imported more from Greece than Hungary included Cyprus ($2.92B), Libya ($1.95B), and Bulgaria ($3.62B).

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

Comparative Advantage Hungary - Greece

Flow
Scale

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

During 2022, Hungary had a large net trade with Greece in the exports of Machines ($224M), Transportation ($128M), and Chemical Products ($103M).

During 2017, Greece had a large net trade with Hungary in the exports of Textiles ($88.1M), Footwear and Headwear ($64M), and Metals ($57.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Greece+$34.4MCars
Top Product Potential Greece Hungary+$17.2MRefined Petroleum

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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Bilateral Service Trade

In 2020, Hungary exported services to Greece worth $89.5M, with Travel ($47.7M), Transportation ($26.8M), and Other business services ($10.5M) being the largest in terms of value.

In 2020, Greece exported services to Hungary worth $57.3M, with Travel ($19.5M), Other business services ($10.5M), and Communications services ($8.34M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hungary and Greece. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Hungary.

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

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