2022
Flag  
GDP
$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH
6.07%CURRENT US$
Rnk 150 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$11,244CURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Kazakhstan-Hungary Trade: In 2022, Kazakhstan exported $207M to Hungary. The main products that Kazakhstan exported to Hungary were Crude Petroleum ($196M), Petroleum Gas ($5.89M), and Bird Feathers and Skins ($1.41M). Over the past 5 years the exports of Kazakhstan to Hungary have increased at an annualized rate of 23.1%, from $73.3M in 2017 to $207M in 2022.

In 2022, Kazakhstan did not export any services to Hungary.

Hungary-Kazakhstan Trade: In 2022, Hungary exported $204M to Kazakhstan. The main products that Hungary exported to Kazakhstan were Packaged Medicaments ($65.5M), Refined Petroleum ($12M), and Computers ($9.82M). Over the past 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 6.81%,  from $147M in 2017 to $204M in 2022.

In 2022, Hungary did not export any services to Kazakhstan.

Comparison: In 2022,  Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kazakhstan exported $207M to Hungary. The main products exported from Kazakhstan to Hungary were Crude Petroleum ($196M), Petroleum Gas ($5.89M), and Bird Feathers and Skins ($1.41M). During the last 5 years the exports of Kazakhstan to Hungary have increased at an annualized rate of 23.1%, from $73.3M in 2017 to $207M in 2022.

In 2017, Hungary exported $204M to Kazakhstan. The main products exported from Hungary to Kazakhstan were Packaged Medicaments ($65.5M), Refined Petroleum ($12M), and Computers ($9.82M). During the last 5 years the exports of Hungary to Kazakhstan have increased at an annualized rate of 6.81%, from $147M in 2022 to $204M in 2017.

Exports from Kazakhstan (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Kazakhstan (Flag) (2022)

Latest Data

Trade between Kazakhstan (Flag) and Hungary (Flag)

Kazakhstan Exports

Hungary Exports

Market Competitiveness

Color
Kazakhstan
Top Destination
China$13.4B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Kazakhstan than Hungary included China ($13.4B), Russia ($8.78B), and Italy ($12.4B).

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

Difference in imports from Hungary (Flag) and Kazakhstan (Flag) (2022)

Comparative Advantage Kazakhstan - Hungary

Flow
Scale

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

During 2022, Kazakhstan had a large net trade with Hungary in the exports of Mineral Products ($202M), Animal Products ($2.2M), and Machines ($1.76M).

During 2017, Hungary had a large net trade with Kazakhstan in the exports of Chemical Products ($93.1M), Machines ($50.6M), and Mineral Products ($12.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kazakhstan Hungary+$55.8MCrude Petroleum
Top Product Potential Hungary Kazakhstan+$13.9MPackaged Medicaments

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

Product Space of Kazakhstan (Flag) and Hungary (Flag) (2022)

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