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2023
Flag → Flag
Exports $8.39MRnk 112 / 201
2023
Flag → Flag
Top Product $2.86MCars
2023
Flag → Flag
Exports $13MRnk 88 / 171
2023
Flag → Flag
Top Product $9.73MAluminium Wire
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 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$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Hungary-Oman Trade: In 2023, Hungary exported $8.39M to Oman. The main products that Hungary exported to Oman were Cars ($2.86M), Other Heating Machinery ($594k), and Other Edible Preparations ($501k). Over the past 5 years the exports of Hungary to Oman have decreased at an annualized rate of 6.9%, from $12M in 2018 to $8.39M in 2023.

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

Oman-Hungary Trade: In 2023, Oman exported $13M to Hungary. The main products that Oman exported to Hungary were Aluminium Wire ($9.73M), Broadcasting Equipment ($1.51M), and Propylene Polymers ($1.02M). Over the past 5 years the exports of Oman to Hungary have increased at an annualized rate of 5.83%,  from $9.76M in 2018 to $13M in 2023.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Latest Data

Trade between Hungary (Flag) and Oman (Flag)

Hungary Exports

Oman Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Oman
Top DestinationChina$30.2B

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

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

In 2023, countries that imported more from Oman than Hungary included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

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

Potential Exports

Potential Exports

Depth
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Top Product Potential Hungary Oman+$7.76MCars
Top Product Potential Oman Hungary+$1.71MPropylene Polymers

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

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

Product Space of Hungary (Flag) and Oman (Flag) (NaN)

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