Hungary (HUN) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Hungary-Somalia Trade: In 2023, Hungary exported $582k to Somalia. The main products that Hungary exported to Somalia were Used Clothing ($444k), Cars ($138k), and Trunks and Cases ($778). Over the past 5 years the exports of Hungary to Somalia have increased at an annualized rate of 26%, from $183k in 2018 to $582k in 2023.

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

Somalia-Hungary In N/A, Somalia did not export any products to Hungary.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $582k to Somalia. The main products exported from Hungary to Somalia were Used Clothing ($444k), Cars ($138k), and Trunks and Cases ($778). During the last 5 years the exports of Hungary to Somalia have increased at an annualized rate of 26%, from $183k in 2018 to $582k in 2023.

Somalia does not register exports to Hungary. The main products exported from Somalia to Hungary were Broadcasting Equipment ($7.64k).

Exports from Hungary () to Somalia () (2023)

Exports from Somalia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Somalia ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Somalia
Top DestinationUnited Arab Emirates$360M

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

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

In 2023, countries that imported more from Somalia than Hungary included Oman ($180M), Djibouti ($84.2M), and Macau ($19.9M).

Difference in imports from Somalia () and Hungary () (2023)

Comparative Advantage Hungary - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Somalia in the exports of Textiles ($444k), Transportation ($138k), and Animal Hides ($778).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Somalia+$1.09MCars

Top Product Potential Somalia Hungary+$2.97kGold

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Somalia () (2023)

Exports from Somalia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Somalia ()

Hungary Exports

Market Competitiveness

Difference in imports from Somalia () and Hungary () (2023)

Comparative Advantage Hungary - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Somalia () (2023)

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