2022
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GDP
$185BCURRENT US$
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2012-2022
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GDP GROWTH
6.04%CURRENT US$
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2022
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$179BCURRENT US$
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GDP GROWTH
38.8%CURRENT US$
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GDP PC 
$43,233CURRENT US$
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GDP PC GROWTH
-15.7%CURRENT US$
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GDP PC
$18,463CURRENT US$
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GDP PC GROWTH
42.2%CURRENT US$
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About

Kuwait-Hungary In 2022, Kuwait exported $1.64M to Hungary. The main products that Kuwait exported to Hungary are Broadcasting Equipment ($1.3M), Office Machine Parts ($82.4k), and Telephones ($81.1k). During the last 27 years the exports of Kuwait to Hungary have increased at an annualized rate of 13.3%, from $56.9k in 1995 to $1.64M in 2022.

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

Hungary-Kuwait In 2022, Hungary exported $346M to Kuwait. The main products that Hungary exported to Kuwait were Gas Turbines ($259M), Cars ($20.9M), and Medical Instruments ($6.53M). During the last 27 years the exports of Hungary to Kuwait have increased at an annualized rate of 13.1%, from $12.5M in 1995 to $346M in 2022.

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

Comparison In 2022,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.16), and 42 in total exports ($101B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $1.64M to Hungary. The main products exported from Kuwait to Hungary were Broadcasting Equipment ($1.3M), Office Machine Parts ($82.4k), and Telephones ($81.1k). During the last 27 years the exports of Kuwait to Hungary have increased at an annualized rate of 13.3%, from $56.9k in 1995 to $1.64M in 2022.

In 2022, Hungary exported $346M to Kuwait. The main products exported from Hungary to Kuwait were Gas Turbines ($259M), Cars ($20.9M), and Medical Instruments ($6.53M). During the last 27 years the exports of Hungary to Kuwait have increased at an annualized rate of 13.1%, from $12.5M in 1995 to $346M in 2022.

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

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

Latest Data

Trade between Kuwait (Flag) and Hungary (Flag)

Kuwait Exports

Hungary Exports

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Hungary
Top Destination
Germany$35.5B

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

In 2021, countries that imported more from Kuwait than Hungary were China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2021, countries that imported more from Hungary than Kuwait were Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Kuwait - Hungary

Flow
Scale

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

During 2022, Kuwait had a large net trade with Hungary in the exports of Machines ($1.59M), Textiles ($34.1k), and Footwear and Headwear ($5.58k).

During 2022, Hungary had a large net trade with Kuwait in the exports of Machines ($281M), Transportation ($22.6M), and Instruments ($10.9M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Kuwait has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Kuwait.

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

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