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2023
Flag → Flag
Exports $795MRnk 30 / 201
2023
Flag → Flag
Top Product $130MCars
2023
Flag → Flag
Exports $393MRnk 31 / 211
2023
Flag → Flag
Top Product $55.8MRadio Receivers
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Hungary-Portugal Trade: In 2023, Hungary exported $795M to Portugal. The main products that Hungary exported to Portugal were Cars ($130M), Integrated Circuits ($75.4M), and Spark-Ignition Engines ($73.5M). Over the past 5 years the exports of Hungary to Portugal have increased at an annualized rate of 5.46%, from $609M in 2018 to $795M in 2023.

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

Portugal-Hungary Trade: In 2023, Portugal exported $393M to Hungary. The main products that Portugal exported to Hungary were Radio Receivers ($55.8M), Cars ($46.5M), and Revolution Counters ($25.6M). Over the past 5 years the exports of Portugal to Hungary have increased at an annualized rate of 3.61%,  from $296M in 2018 to $393M in 2023.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $795M to Portugal. The main products exported from Hungary to Portugal were Cars ($130M), Integrated Circuits ($75.4M), and Spark-Ignition Engines ($73.5M). During the last 5 years the exports of Hungary to Portugal have increased at an annualized rate of 5.46%, from $609M in 2018 to $795M in 2023.

In 2018, Portugal exported $393M to Hungary. The main products exported from Portugal to Hungary were Radio Receivers ($55.8M), Cars ($46.5M), and Revolution Counters ($25.6M). During the last 5 years the exports of Portugal to Hungary have increased at an annualized rate of 3.61%, from $296M in 2023 to $393M in 2018.

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

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

Latest Data

Trade between Hungary (Flag) and Portugal (Flag)

Hungary Exports

Portugal Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Hungary than Portugal included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

In 2023, countries that imported more from Portugal than Hungary included Spain ($17.7B), France ($9.19B), and Canada ($2.39B).

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

Comparative Advantage Hungary - Portugal

Flow
Scale

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

During 2023, Hungary had a large net trade with Portugal in the exports of Machines ($293M), Transportation ($181M), and Chemical Products ($131M).

During 2018, Portugal had a large net trade with Hungary in the exports of Machines ($168M), Transportation ($81.7M), and Instruments ($27.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Portugal+$51.5MCars
Top Product Potential Portugal Hungary+$24.2MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, Hungary exported services to Portugal worth $23.5M, with Royalties and license fees ($7.88M), Transportation ($6.4M), and Other business services ($6.05M) being the largest in terms of value.

In 2020, Portugal exported services to Hungary worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Hungary (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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