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2022
Flag → Flag
Exports $154MRnk 56 / 205
2022
Flag → Flag
Top Product $21.9MCars
2022
Flag → Flag
Exports $98.6MRnk 62 / 138
2022
Flag → Flag
Top Product $53.1MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Hungary-Saudi Arabia Trade: In 2022, Hungary exported $154M to Saudi Arabia. The main products that Hungary exported to Saudi Arabia were Cars ($21.9M), Cheese ($16.1M), and Vaccines, blood, antisera, toxins and cultures ($14M). Over the past 5 years the exports of Hungary to Saudi Arabia have decreased at an annualized rate of 7.21%, from $223M in 2017 to $154M in 2022.

In 2022, Hungary did not export any services to Saudi Arabia.

Saudi Arabia-Hungary Trade: In 2022, Saudi Arabia exported $98.6M to Hungary. The main products that Saudi Arabia exported to Hungary were Crude Petroleum ($53.1M), Broadcasting Equipment ($31.2M), and Unprocessed Synthetic Staple Fibers ($5.06M). Over the past 5 years the exports of Saudi Arabia to Hungary have increased at an annualized rate of 20%,  from $7.65M in 2017 to $98.6M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $154M to Saudi Arabia. The main products exported from Hungary to Saudi Arabia were Cars ($21.9M), Cheese ($16.1M), and Vaccines, blood, antisera, toxins and cultures ($14M). During the last 5 years the exports of Hungary to Saudi Arabia have decreased at an annualized rate of 7.21%, from $223M in 2017 to $154M in 2022.

In 2017, Saudi Arabia exported $98.6M to Hungary. The main products exported from Saudi Arabia to Hungary were Crude Petroleum ($53.1M), Broadcasting Equipment ($31.2M), and Unprocessed Synthetic Staple Fibers ($5.06M). During the last 5 years the exports of Saudi Arabia to Hungary have increased at an annualized rate of 20%, from $7.65M in 2022 to $98.6M in 2017.

Exports from Hungary (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Hungary (Flag) (2022)

Latest Data

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

Hungary Exports

Saudi Arabia Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Saudi Arabia
Top DestinationChina$68B

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 2022, countries that imported more from Hungary than Saudi Arabia included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Saudi Arabia than Hungary included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Hungary (Flag) (2022)

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 2022, Hungary had a large net trade with Saudi Arabia in the exports of Machines ($42.8M), Transportation ($24.4M), and Chemical Products ($22.3M).

During 2017, Saudi Arabia had a large net trade with Hungary in the exports of Mineral Products ($53.6M), Machines ($36.1M), and Textiles ($5.08M).

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) (2022)

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