Hungary (HUN) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Hungary-Ukraine Trade: In 2023, Hungary exported $1.65B to Ukraine. The main products that Hungary exported to Ukraine were Cars ($168M), Refined Petroleum ($155M), and Insulated Wire ($149M). Over the past 5 years the exports of Hungary to Ukraine have decreased at an annualized rate of 0.086%, from $1.65B in 2018 to $1.65B in 2023.

In 2002, Hungary exported services to Ukraine worth $5.99M, with Other business services ($3.19M), Transportation ($1.38M), and Government services, n.i.e. ($375k) being the largest in terms of value.

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

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $1.65B to Ukraine. The main products exported from Hungary to Ukraine were Cars ($168M), Refined Petroleum ($155M), and Insulated Wire ($149M). During the last 5 years the exports of Hungary to Ukraine have decreased at an annualized rate of 0.086%, from $1.65B in 2018 to $1.65B in 2023.

Ukraine does not register exports to Hungary. The main products exported from Ukraine to Hungary were Electric Heaters ($216M), Corn ($189M), and Soybean Meal ($63.3M).

Exports from Hungary () to Ukraine () (2023)

Exports from Ukraine () to Hungary () (2023)

Latest Data

Trade between Hungary () and Ukraine ()

Hungary Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Hungary than Ukraine included Germany ($37.4B), Italy ($9.08B), and United States ($7.66B).

In 2023, countries that imported more from Ukraine than Hungary included Moldova ($1.13B), Egypt ($1.15B), and Turkey ($2.88B).

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

Comparative Advantage Hungary - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Ukraine in the exports of Machines ($462M), Mineral Products ($300M), and Transportation ($236M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Ukraine+$69.7MCars

Top Product Potential Ukraine Hungary+$33.2MInsulated Wire

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Ukraine () (2023)

Exports from Ukraine () to Hungary () (2023)

Latest Data

Trade between Hungary () and Ukraine ()

Hungary Exports

Ukraine Exports

Market Competitiveness

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

Comparative Advantage Hungary - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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