Hungary (HUN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Hungary-Italy In 2022, Hungary exported $8.02B to Italy. The main products that Hungary exported to Italy are Cars ($726M), Electric Batteries ($595M), and Corn ($333M). During the last 27 years the exports of Hungary to Italy have increased at an annualized rate of 7.03%, from $1.28B in 1995 to $8.02B in 2022.

In 2020, Hungary exported services to Italy worth $470M, with Transportation ($152M), Other business services ($108M), and Travel ($98.2M) being the largest in terms of value.

Italy-Hungary In 2022, Italy exported $6.58B to Hungary. The main products that Italy exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($273M), Raw Aluminium ($182M), and Packaged Medicaments ($158M). During the last 27 years the exports of Italy to Hungary have increased at an annualized rate of 5.83%, from $1.42B in 1995 to $6.58B in 2022.

In 2020, Italy exported services to Hungary worth $330M, with Transportation ($106M), Travel ($79.6M), and Computer and information services ($49.1M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $8.02B to Italy. The main products exported from Hungary to Italy were Cars ($726M), Electric Batteries ($595M), and Corn ($333M). During the last 27 years the exports of Hungary to Italy have increased at an annualized rate of 7.03%, from $1.28B in 1995 to $8.02B in 2022.

In 2022, Italy exported $6.58B to Hungary. The main products exported from Italy to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($273M), Raw Aluminium ($182M), and Packaged Medicaments ($158M). During the last 27 years the exports of Italy to Hungary have increased at an annualized rate of 5.83%, from $1.42B in 1995 to $6.58B in 2022.

Exports from Hungary () to Italy () (2022)

Exports from Italy () to Hungary () (2022)

Latest Data

Trade between Hungary () and Italy ()

Hungary Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from Hungary than Italy were Slovakia ($6.78B), Serbia ($3.42B), and Ukraine ($2.08B).

In 2021, countries that imported more from Italy than Hungary were United States ($68.2B), France ($63.8B), and Germany ($78.5B).

Difference in imports from Italy () and Hungary () (2022)

Comparative Advantage Hungary - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Italy in the exports of Machines ($2.61B), Transportation ($975M), and Vegetable Products ($819M).

During 2022, Italy had a large net trade with Hungary in the exports of Machines ($1.74B), Metals ($1.46B), and Chemical Products ($699M).

Service Trade

Bilateral Service Trade

Ita Year

Hun Year

In 2020, Hungary exported services to Italy worth $470M, with Transportation ($152M), Other business services ($108M), and Travel ($98.2M) being the largest in terms of value.

In 2020, Italy exported services to Hungary worth $330M, with Transportation ($106M), Travel ($79.6M), and Computer and information services ($49.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

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 Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Hungary.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Italy () (2022)

Exports from Italy () to Hungary () (2022)

Latest Data

Trade between Hungary () and Italy ()

Hungary Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Hungary () (2022)

Comparative Advantage Hungary - Italy

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

Product Space of Hungary () and Italy () (2022)

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