NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $214MRnk 51 / 201
2023
Flag → Flag
Top Product $33.3MPackaged Medicaments
2023
Flag → Flag
Exports $361MRnk 31 / 144
2023
Flag → Flag
Top Product $352MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.18Rnk 71 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
 GDP$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH11%CURRENT US$
Rnk 153 / 195
2023
Flag
GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC$12,919CURRENT US$
Rnk 79 / 196
2013-2023
Flag
GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

Hungary-Kazakhstan Trade: In 2023, Hungary exported $214M to Kazakhstan. The main products that Hungary exported to Kazakhstan were Packaged Medicaments ($33.3M), Harvesting Machinery ($15.6M), and Broadcasting Equipment ($13.9M). Over the past 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 12.2%, from $120M in 2018 to $214M in 2023.

In 2023, Hungary did not export any services to Kazakhstan.

Kazakhstan-Hungary Trade: In 2023, Kazakhstan exported $361M to Hungary. The main products that Kazakhstan exported to Hungary were Crude Petroleum ($352M), Broadcasting Equipment ($1.62M), and Fish Fillets ($1.23M). Over the past 5 years the exports of Kazakhstan to Hungary have decreased at an annualized rate of 7.81%,  from $542M in 2018 to $361M in 2023.

In 2023, Kazakhstan did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $214M to Kazakhstan. The main products exported from Hungary to Kazakhstan were Packaged Medicaments ($33.3M), Harvesting Machinery ($15.6M), and Broadcasting Equipment ($13.9M). During the last 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 12.2%, from $120M in 2018 to $214M in 2023.

In 2018, Kazakhstan exported $361M to Hungary. The main products exported from Kazakhstan to Hungary were Crude Petroleum ($352M), Broadcasting Equipment ($1.62M), and Fish Fillets ($1.23M). During the last 5 years the exports of Kazakhstan to Hungary have decreased at an annualized rate of 7.81%, from $542M in 2023 to $361M in 2018.

Exports from Hungary (Flag) to Kazakhstan (Flag) (2023)

Exports from Kazakhstan (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Kazakhstan (Flag)

Hungary Exports

Kazakhstan Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Kazakhstan
Top DestinationChina$15.2B

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

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

In 2023, countries that imported more from Kazakhstan than Hungary included China ($15.2B), Russia ($9.78B), and United Kingdom ($14.3B).

Difference in imports from Kazakhstan (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - Kazakhstan

Flow
Scale

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

During 2023, Hungary had a large net trade with Kazakhstan in the exports of Machines ($96.8M), Chemical Products ($48M), and Transportation ($20.5M).

During 2018, Kazakhstan had a large net trade with Hungary in the exports of Mineral Products ($353M), Machines ($2.51M), and Animal Products ($2.13M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Kazakhstan+$13.9MPackaged Medicaments
Top Product Potential Kazakhstan Hungary+$55.8MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Kazakhstan (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms