Hungary (HUN) and Kazakhstan (KAZ) Trade | The Observatory of Economic Complexity

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Hungary-Kazakhstan Trade: In 2022, Hungary exported $204M to Kazakhstan. The main products that Hungary exported to Kazakhstan were Packaged Medicaments ($65.5M), Refined Petroleum ($12M), and Computers ($9.82M). Over the past 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 6.81%, from $147M in 2017 to $204M in 2022.

In 2022, Hungary did not export any services to Kazakhstan.

Kazakhstan-Hungary Trade: In 2022, Kazakhstan exported $207M to Hungary. The main products that Kazakhstan exported to Hungary were Crude Petroleum ($196M), Petroleum Gas ($5.89M), and Bird Feathers and Skins ($1.41M). Over the past 5 years the exports of Kazakhstan to Hungary have increased at an annualized rate of 23.1%, from $73.3M in 2017 to $207M in 2022.

In 2022, Kazakhstan 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, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $204M to Kazakhstan. The main products exported from Hungary to Kazakhstan were Packaged Medicaments ($65.5M), Refined Petroleum ($12M), and Computers ($9.82M). During the last 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 6.81%, from $147M in 2017 to $204M in 2022.

In 2017, Kazakhstan exported $207M to Hungary. The main products exported from Kazakhstan to Hungary were Crude Petroleum ($196M), Petroleum Gas ($5.89M), and Bird Feathers and Skins ($1.41M). During the last 5 years the exports of Kazakhstan to Hungary have increased at an annualized rate of 23.1%, from $73.3M in 2022 to $207M in 2017.

Exports from Hungary () to Kazakhstan () (2022)

Exports from Kazakhstan () to Hungary () (2022)

Latest Data

Trade between Hungary () and Kazakhstan ()

Hungary Exports

Date

Kazakhstan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Kazakhstan
Top DestinationChina$13.4B

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

In 2022, countries that imported more from Kazakhstan than Hungary included China ($13.4B), Russia ($8.78B), and Italy ($12.4B).

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

Comparative Advantage Hungary - Kazakhstan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Kazakhstan in the exports of Chemical Products ($93.1M), Machines ($50.6M), and Mineral Products ($12.2M).

During 2017, Kazakhstan had a large net trade with Hungary in the exports of Mineral Products ($202M), Animal Products ($2.2M), and Machines ($1.76M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Kazakhstan () (2022)

Exports from Kazakhstan () to Hungary () (2022)

Latest Data

Trade between Hungary () and Kazakhstan ()

Hungary Exports

Kazakhstan Exports

Market Competitiveness

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

Comparative Advantage Hungary - Kazakhstan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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