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Pricing

2022
Flag → Flag
Exports $41.3MRnk 78 / 205
2022
Flag → Flag
Top Product $20MWadding
2022
Flag → Flag
Exports $10.8MRnk 50 / 127
2022
Flag → Flag
Top Product $9MStyrene Polymers
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Hungary-Iran Trade: In 2022, Hungary exported $41.3M to Iran. The main products that Hungary exported to Iran were Wadding ($20M), Trailers and semi-trailers, not mechanically propelled vehicles ($5.17M), and Delivery Trucks ($2.01M). Over the past 5 years the exports of Hungary to Iran have decreased at an annualized rate of 8.5%, from $64.3M in 2017 to $41.3M in 2022.

In 2002, Hungary exported services to Iran worth $331k, with Government services, n.i.e. ($86k), Personal, cultural, and recreational services ($81.8k), and Transportation ($65k) being the largest in terms of value.

Iran-Hungary Trade: In 2022, Iran exported $10.8M to Hungary. The main products that Iran exported to Hungary were Styrene Polymers ($9M), Grapes ($755k), and Tropical Fruits ($172k). Over the past 5 years the exports of Iran to Hungary have increased at an annualized rate of 29%,  from $3.02M in 2017 to $10.8M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $41.3M to Iran. The main products exported from Hungary to Iran were Wadding ($20M), Trailers and semi-trailers, not mechanically propelled vehicles ($5.17M), and Delivery Trucks ($2.01M). During the last 5 years the exports of Hungary to Iran have decreased at an annualized rate of 8.5%, from $64.3M in 2017 to $41.3M in 2022.

In 2017, Iran exported $10.8M to Hungary. The main products exported from Iran to Hungary were Styrene Polymers ($9M), Grapes ($755k), and Tropical Fruits ($172k). During the last 5 years the exports of Iran to Hungary have increased at an annualized rate of 29%, from $3.02M in 2022 to $10.8M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Iran (Flag)

Hungary Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Hungary than Iran included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Iran than Hungary included China ($5.72B), Turkey ($3.17B), and Pakistan ($762M).

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

Comparative Advantage Hungary - Iran

Flow
Scale

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

During 2022, Hungary had a large net trade with Iran in the exports of Textiles ($20.1M), Transportation ($7.43M), and Chemical Products ($4.57M).

During 2017, Iran had a large net trade with Hungary in the exports of Plastics and Rubbers ($9.01M), Vegetable Products ($1.08M), and Chemical Products ($266k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Iran+$1.63MSpecial Pharmaceuticals
Top Product Potential Iran Hungary+$970kStyrene Polymers

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

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

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