Hungary (HUN) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Hungary-Greece Trade: In 2023, Hungary exported $815M to Greece. The main products that Hungary exported to Greece were Cars ($119M), Telephones ($33.1M), and Video Displays ($32.4M). Over the past 5 years the exports of Hungary to Greece have increased at an annualized rate of 7.78%, from $560M in 2018 to $815M in 2023.

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 2023, Greece exported $354M to Hungary. The main products that Greece exported to Hungary were Packaged Medicaments ($20.9M), Processed Tobacco ($19.9M), and Aluminium Plating ($17.2M). Over the past 5 years the exports of Greece to Hungary have increased at an annualized rate of 20%, from $143M in 2018 to $354M in 2023.

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 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $815M to Greece. The main products exported from Hungary to Greece were Cars ($119M), Telephones ($33.1M), and Video Displays ($32.4M). During the last 5 years the exports of Hungary to Greece have increased at an annualized rate of 7.78%, from $560M in 2018 to $815M in 2023.

In 2018, Greece exported $354M to Hungary. The main products exported from Greece to Hungary were Packaged Medicaments ($20.9M), Processed Tobacco ($19.9M), and Aluminium Plating ($17.2M). During the last 5 years the exports of Greece to Hungary have increased at an annualized rate of 20%, from $143M in 2023 to $354M in 2018.

Exports from Hungary () to Greece () (2023)

Exports from Greece () to Hungary () (2023)

Latest Data

Trade between Hungary () and Greece ()

Hungary Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Greece
Top DestinationItaly$6.21B

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 2023, countries that imported more from Hungary than Greece included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

In 2023, countries that imported more from Greece than Hungary included Cyprus ($3.03B), Lebanon ($1.78B), and Libya ($1.71B).

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

Comparative Advantage Hungary - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Greece in the exports of Machines ($256M), Transportation ($153M), and Chemical Products ($110M).

During 2018, Greece had a large net trade with Hungary in the exports of Metals ($65.5M), Foodstuffs ($45.4M), and Chemical Products ($42.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Grc Year

Hun Year

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 () to Greece () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Greece () (2023)

Exports from Greece () to Hungary () (2023)

Latest Data

Trade between Hungary () and Greece ()

Hungary Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Hungary - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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