Hungary (HUN) and Morocco (MAR) Trade | The Observatory of Economic Complexity

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Hungary-Morocco Trade: In 2023, Hungary exported $357M to Morocco. The main products that Hungary exported to Morocco were Cars ($89.3M), Insulated Wire ($60.5M), and Rubber Tires ($13.3M). Over the past 5 years the exports of Hungary to Morocco have increased at an annualized rate of 6.32%, from $263M in 2018 to $357M in 2023.

In 2020, Hungary exported services to Morocco worth $2.86M, with Other business services ($2.17M) and Transportation ($685k) being the largest in terms of value.

Morocco-Hungary Trade: In 2023, Morocco exported $123M to Hungary. The main products that Morocco exported to Hungary were Insulated Wire ($75.1M), Delivery Trucks ($10.8M), and Cars ($8.71M). Over the past 5 years the exports of Morocco to Hungary have increased at an annualized rate of 15%, from $61.4M in 2018 to $123M in 2023.

In 2023, Morocco 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, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $357M to Morocco. The main products exported from Hungary to Morocco were Cars ($89.3M), Insulated Wire ($60.5M), and Rubber Tires ($13.3M). During the last 5 years the exports of Hungary to Morocco have increased at an annualized rate of 6.32%, from $263M in 2018 to $357M in 2023.

In 2018, Morocco exported $123M to Hungary. The main products exported from Morocco to Hungary were Insulated Wire ($75.1M), Delivery Trucks ($10.8M), and Cars ($8.71M). During the last 5 years the exports of Morocco to Hungary have increased at an annualized rate of 15%, from $61.4M in 2023 to $123M in 2018.

Exports from Hungary () to Morocco () (2023)

Exports from Morocco () to Hungary () (2023)

Latest Data

Trade between Hungary () and Morocco ()

Hungary Exports

Date

Morocco Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Morocco
Top DestinationSpain$9.8B

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

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

In 2023, countries that imported more from Morocco than Hungary included Spain ($9.8B), France ($8.23B), and Brazil ($1.47B).

Difference in imports from Morocco () and Hungary () (2023)

Comparative Advantage Hungary - Morocco

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Morocco in the exports of Machines ($151M), Transportation ($94.6M), and Plastics and Rubbers ($27.4M).

During 2018, Morocco had a large net trade with Hungary in the exports of Machines ($85.2M), Transportation ($23.6M), and Plastics and Rubbers ($4.48M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Morocco+$30MCars

Top Product Potential Morocco Hungary+$21.3MInsulated Wire

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Morocco () (2023)

Exports from Morocco () to Hungary () (2023)

Latest Data

Trade between Hungary () and Morocco ()

Hungary Exports

Morocco Exports

Market Competitiveness

Difference in imports from Morocco () and Hungary () (2023)

Comparative Advantage Hungary - Morocco

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Morocco () (2023)

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