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2023
Flag → Flag
Exports $341MRnk 44 / 201
2023
Flag → Flag
Top Product $55MCars
2023
Flag → Flag
Exports $79MRnk 80 / 182
2023
Flag → Flag
Top Product $28.9MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 36 / 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$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Hungary-Saudi Arabia Trade: In 2023, Hungary exported $341M to Saudi Arabia. The main products that Hungary exported to Saudi Arabia were Cars ($55M), Electric Generating Sets ($47.9M), and Gas Turbines ($25.8M). Over the past 5 years the exports of Hungary to Saudi Arabia have increased at an annualized rate of 5.89%, from $256M in 2018 to $341M in 2023.

In 2023, Hungary did not export any services to Saudi Arabia.

Saudi Arabia-Hungary Trade: In 2023, Saudi Arabia exported $79M to Hungary. The main products that Saudi Arabia exported to Hungary were Broadcasting Equipment ($28.9M), Aircraft parts (gliders, balloons, and powered aircraft) ($26.2M), and Propylene Polymers ($7.15M). Over the past 5 years the exports of Saudi Arabia to Hungary have increased at an annualized rate of 53%,  from $9.43M in 2018 to $79M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $341M to Saudi Arabia. The main products exported from Hungary to Saudi Arabia were Cars ($55M), Electric Generating Sets ($47.9M), and Gas Turbines ($25.8M). During the last 5 years the exports of Hungary to Saudi Arabia have increased at an annualized rate of 5.89%, from $256M in 2018 to $341M in 2023.

In 2018, Saudi Arabia exported $79M to Hungary. The main products exported from Saudi Arabia to Hungary were Broadcasting Equipment ($28.9M), Aircraft parts (gliders, balloons, and powered aircraft) ($26.2M), and Propylene Polymers ($7.15M). During the last 5 years the exports of Saudi Arabia to Hungary have increased at an annualized rate of 53%, from $9.43M in 2023 to $79M in 2018.

Exports from Hungary (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Saudi Arabia (Flag)

Hungary Exports

Saudi Arabia Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Saudi Arabia
Top DestinationChina$64.4B

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

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

In 2023, countries that imported more from Saudi Arabia than Hungary included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - Saudi Arabia

Flow
Scale

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

During 2023, Hungary had a large net trade with Saudi Arabia in the exports of Machines ($142M), Transportation ($61.6M), and Chemical Products ($33.9M).

During 2018, Saudi Arabia had a large net trade with Hungary in the exports of Machines ($32.9M), Transportation ($26.2M), and Plastics and Rubbers ($12.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Saudi Arabia+$44.2MCars
Top Product Potential Saudi Arabia Hungary+$74.2MCrude Petroleum

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

Product Space of Hungary (Flag) and Saudi Arabia (Flag) (2023)

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