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Pricing

2022
Flag → Flag
Exports $122MRnk 49 / 186
2022
Flag → Flag
Top Product $71.2MInsulated Wire
2022
Flag → Flag
Exports $232MRnk 51 / 205
2022
Flag → Flag
Top Product $30.7MCars
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
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GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Morocco-Hungary Trade: In 2022, Morocco exported $122M to Hungary. The main products that Morocco exported to Hungary were Insulated Wire ($71.2M), Cars ($16.1M), and Other Vegetables ($4.98M). Over the past 5 years the exports of Morocco to Hungary have increased at an annualized rate of 20.1%, from $48.8M in 2017 to $122M in 2022.

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

Hungary-Morocco Trade: In 2022, Hungary exported $232M to Morocco. The main products that Hungary exported to Morocco were Cars ($30.7M), Insulated Wire ($28.4M), and Coated Flat-Rolled Iron ($22.4M). Over the past 5 years the exports of Hungary to Morocco have decreased at an annualized rate of 5.46%,  from $308M in 2017 to $232M in 2022.

In 2020, Hungary exported services to Morocco worth $2.86M, with Other business services ($2.17M) and Transportation ($685k) being the largest in terms of value.

Comparison: In 2022,  Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B). 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, Morocco exported $122M to Hungary. The main products exported from Morocco to Hungary were Insulated Wire ($71.2M), Cars ($16.1M), and Other Vegetables ($4.98M). During the last 5 years the exports of Morocco to Hungary have increased at an annualized rate of 20.1%, from $48.8M in 2017 to $122M in 2022.

In 2017, Hungary exported $232M to Morocco. The main products exported from Hungary to Morocco were Cars ($30.7M), Insulated Wire ($28.4M), and Coated Flat-Rolled Iron ($22.4M). During the last 5 years the exports of Hungary to Morocco have decreased at an annualized rate of 5.46%, from $308M in 2022 to $232M in 2017.

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

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

Latest Data

Trade between Morocco (Flag) and Hungary (Flag)

Morocco Exports

Hungary Exports

Market Competitiveness

Color
Morocco
Top DestinationSpain$8.55B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Morocco than Hungary included Spain ($8.55B), India ($2.99B), and France ($7.92B).

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

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

Comparative Advantage Morocco - Hungary

Flow
Scale

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

During 2022, Morocco had a large net trade with Hungary in the exports of Machines ($78.2M), Transportation ($19.8M), and Vegetable Products ($5.52M).

During 2017, Hungary had a large net trade with Morocco in the exports of Machines ($93.8M), Transportation ($34.1M), and Plastics and Rubbers ($27.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Morocco Hungary+$21.3MInsulated Wire
Top Product Potential Hungary Morocco+$30MCars

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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Bilateral Service Trade

In 2020, Hungary exported services to Morocco worth $2.86M, with Other business services ($2.17M) and Transportation ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Morocco (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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