Hungary (HUN) and Uzbekistan (UZB) Trade | The Observatory of Economic Complexity

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Hungary-Uzbekistan Trade: In 2023, Hungary exported $90.2M to Uzbekistan. The main products that Hungary exported to Uzbekistan were Packaged Medicaments ($36.6M), Poultry ($9.77M), and Other Office Machines ($7.6M). Over the past 5 years the exports of Hungary to Uzbekistan have increased at an annualized rate of 11.7%, from $51.8M in 2018 to $90.2M in 2023.

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

Uzbekistan-Hungary Trade: In 2023, Uzbekistan exported $3.05M to Hungary. The main products that Uzbekistan exported to Hungary were Rubberworking Machinery ($416k), Recovered Paper Pulp ($385k), and Glass Bottles ($332k). Over the past 5 years the exports of Uzbekistan to Hungary have increased at an annualized rate of 34.4%, from $695k in 2018 to $3.05M in 2023.

In 2023, Uzbekistan 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, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $90.2M to Uzbekistan. The main products exported from Hungary to Uzbekistan were Packaged Medicaments ($36.6M), Poultry ($9.77M), and Other Office Machines ($7.6M). During the last 5 years the exports of Hungary to Uzbekistan have increased at an annualized rate of 11.7%, from $51.8M in 2018 to $90.2M in 2023.

In 2018, Uzbekistan exported $3.05M to Hungary. The main products exported from Uzbekistan to Hungary were Rubberworking Machinery ($416k), Recovered Paper Pulp ($385k), and Glass Bottles ($332k). During the last 5 years the exports of Uzbekistan to Hungary have increased at an annualized rate of 34.4%, from $695k in 2023 to $3.05M in 2018.

Exports from Hungary () to Uzbekistan () (2023)

Exports from Uzbekistan () to Hungary () (2023)

Latest Data

Trade between Hungary () and Uzbekistan ()

Hungary Exports

Date

Uzbekistan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Uzbekistan
Top DestinationSwitzerland$8.18B

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

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

In 2023, countries that imported more from Uzbekistan than Hungary included Switzerland ($8.18B), Russia ($3.02B), and Kazakhstan ($1.37B).

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

Comparative Advantage Hungary - Uzbekistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Uzbekistan in the exports of Chemical Products ($43M), Machines ($20.6M), and Animal Products ($10.3M).

During 2018, Uzbekistan had a large net trade with Hungary in the exports of Machines ($756k), Vegetable Products ($605k), and Textiles ($414k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Uzbekistan+$6.03MPackaged Medicaments

Top Product Potential Uzbekistan Hungary+$1.06MInsulated 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 Uzbekistan. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Uzbekistan. Similarly, a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over Hungary.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Uzbekistan () (2023)

Exports from Uzbekistan () to Hungary () (2023)

Latest Data

Trade between Hungary () and Uzbekistan ()

Hungary Exports

Uzbekistan Exports

Market Competitiveness

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

Comparative Advantage Hungary - Uzbekistan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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