Hungary (HUN) and Zambia (ZMB) Trade | The Observatory of Economic Complexity

About

Hungary-Zambia Trade: In 2023, Hungary exported $3.08M to Zambia. The main products that Hungary exported to Zambia were Pesticides ($1.15M), Other Nitrogen Compounds ($878k), and Used Clothing ($290k). Over the past 5 years the exports of Hungary to Zambia have increased at an annualized rate of 13.2%, from $1.66M in 2018 to $3.08M in 2023.

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

Zambia-Hungary Trade: In 2023, Zambia exported $287k to Hungary. The main products that Zambia exported to Hungary were Broadcasting Equipment ($142k), Raw Tobacco ($118k), and Office Machine Parts ($18k). Over the past 5 years the exports of Zambia to Hungary have increased at an annualized rate of 43.2%, from $47.7k in 2018 to $287k in 2023.

In 2023, Zambia 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, Zambia ranked 94 in the Economic Complexity Index (ECI -0.65), and 85 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $3.08M to Zambia. The main products exported from Hungary to Zambia were Pesticides ($1.15M), Other Nitrogen Compounds ($878k), and Used Clothing ($290k). During the last 5 years the exports of Hungary to Zambia have increased at an annualized rate of 13.2%, from $1.66M in 2018 to $3.08M in 2023.

In 2018, Zambia exported $287k to Hungary. The main products exported from Zambia to Hungary were Broadcasting Equipment ($142k), Raw Tobacco ($118k), and Office Machine Parts ($18k). During the last 5 years the exports of Zambia to Hungary have increased at an annualized rate of 43.2%, from $47.7k in 2023 to $287k in 2018.

Exports from Hungary () to Zambia () (2023)

Exports from Zambia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Zambia ()

Hungary Exports

Date

Zambia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Zambia
Top DestinationSwitzerland$4.26B

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

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

In 2023, countries that imported more from Zambia than Hungary included Switzerland ($4.26B), Democratic Republic of the Congo ($1.6B), and India ($2.11B).

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

Comparative Advantage Hungary - Zambia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Zambia in the exports of Chemical Products ($2.03M), Machines ($580k), and Textiles ($294k).

During 2018, Zambia had a large net trade with Hungary in the exports of Machines ($161k), Foodstuffs ($118k), and Miscellaneous ($4.31k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Zambia+$1.05MRubber Tires

Top Product Potential Zambia Hungary+$174kTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Hungary and Zambia. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Zambia. Similarly, a dot/product with the flag of Zambia indicates it has a comparative advantage over Hungary.

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Zambia () (2023)

Exports from Zambia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Zambia ()

Hungary Exports

Zambia Exports

Market Competitiveness

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

Comparative Advantage Hungary - Zambia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring