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2023
Flag → Flag
Exports $96.9MRnk 64 / 201
2023
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Top Product $26.9MCars
2023
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Exports $3.85MRnk 73 / 159
2023
Flag → Flag
Top Product $2.62MBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
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GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
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GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
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GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
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GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Hungary-Kuwait Trade: In 2023, Hungary exported $96.9M to Kuwait. The main products that Hungary exported to Kuwait were Cars ($26.9M), Gas Turbines ($24.5M), and Rubber Pipes ($3.39M). Over the past 5 years the exports of Hungary to Kuwait have increased at an annualized rate of 0.33%, from $95.3M in 2018 to $96.9M in 2023.

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

Kuwait-Hungary Trade: In 2023, Kuwait exported $3.85M to Hungary. The main products that Kuwait exported to Hungary were Broadcasting Equipment ($2.62M), Other Heating Machinery ($338k), and Telephones ($289k). Over the past 5 years the exports of Kuwait to Hungary have increased at an annualized rate of 63.8%,  from $326k in 2018 to $3.85M in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $96.9M to Kuwait. The main products exported from Hungary to Kuwait were Cars ($26.9M), Gas Turbines ($24.5M), and Rubber Pipes ($3.39M). During the last 5 years the exports of Hungary to Kuwait have increased at an annualized rate of 0.33%, from $95.3M in 2018 to $96.9M in 2023.

In 2018, Kuwait exported $3.85M to Hungary. The main products exported from Kuwait to Hungary were Broadcasting Equipment ($2.62M), Other Heating Machinery ($338k), and Telephones ($289k). During the last 5 years the exports of Kuwait to Hungary have increased at an annualized rate of 63.8%, from $326k in 2023 to $3.85M in 2018.

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

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

Latest Data

Trade between Hungary (Flag) and Kuwait (Flag)

Hungary Exports

Kuwait Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Hungary than Kuwait included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, countries that imported more from Kuwait than Hungary included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Hungary - Kuwait

Flow
Scale

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

During 2023, Hungary had a large net trade with Kuwait in the exports of Machines ($38.4M), Transportation ($29.5M), and Plastics and Rubbers ($5.39M).

During 2018, Kuwait had a large net trade with Hungary in the exports of Machines ($3.7M), Transportation ($48.9k), and Metals ($36k).

Economic Complexity

Competitive Landscape

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

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

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