Hungary (HUN) and Peru (PER) Trade | The Observatory of Economic Complexity

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Hungary-Peru Trade: In 2022, Hungary exported $42.8M to Peru. The main products that Hungary exported to Peru were Cars ($13.7M), Calculators ($3.5M), and Liquid Pumps ($2.32M). Over the past 5 years the exports of Hungary to Peru have decreased at an annualized rate of 4.78%, from $54.7M in 2017 to $42.8M in 2022.

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

Peru-Hungary Trade: In 2022, Peru exported $1.05M to Hungary. The main products that Peru exported to Hungary were Other Iron Products ($181k), Pesticides ($127k), and Perfume Plants ($110k). Over the past 5 years the exports of Peru to Hungary have decreased at an annualized rate of 8.46%, from $1.63M in 2017 to $1.05M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $42.8M to Peru. The main products exported from Hungary to Peru were Cars ($13.7M), Calculators ($3.5M), and Liquid Pumps ($2.32M). During the last 5 years the exports of Hungary to Peru have decreased at an annualized rate of 4.78%, from $54.7M in 2017 to $42.8M in 2022.

In 2017, Peru exported $1.05M to Hungary. The main products exported from Peru to Hungary were Other Iron Products ($181k), Pesticides ($127k), and Perfume Plants ($110k). During the last 5 years the exports of Peru to Hungary have decreased at an annualized rate of 8.46%, from $1.63M in 2022 to $1.05M in 2017.

Exports from Hungary () to Peru () (2022)

Exports from Peru () to Hungary () (2022)

Latest Data

Trade between Hungary () and Peru ()

Hungary Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Hungary than Peru included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Peru than Hungary included China ($17.6B), United States ($8.69B), and Canada ($2.69B).

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

Comparative Advantage Hungary - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Peru in the exports of Machines ($15.4M), Transportation ($14.5M), and Chemical Products ($5.31M).

During 2017, Peru had a large net trade with Hungary in the exports of Vegetable Products ($197k), Metals ($182k), and Chemical Products ($150k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Peru+$14.2MCars

Top Product Potential Peru Hungary+$329kOther Iron Products

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Peru () (2022)

Exports from Peru () to Hungary () (2022)

Latest Data

Trade between Hungary () and Peru ()

Hungary Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Hungary - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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