Moldova (MDA) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Moldova-Hungary Trade: In 2023, Moldova exported $47.7M to Hungary. The main products that Moldova exported to Hungary were Seats ($25.9M), Electrical Transformers ($7.45M), and Fruit Juice ($1.61M). Over the past 5 years the exports of Moldova to Hungary have increased at an annualized rate of 30.4%, from $12.6M in 2018 to $47.7M in 2023.

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

Hungary-Moldova Trade: In 2023, Hungary exported $188M to Moldova. The main products that Hungary exported to Moldova were Insulated Wire ($38.5M), Packaged Medicaments ($19.3M), and Other Leather Articles ($8.96M). Over the past 5 years the exports of Hungary to Moldova have increased at an annualized rate of 8.81%, from $124M in 2018 to $188M in 2023.

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

Comparison: In 2023, Moldova ranked 68 in the Economic Complexity Index (ECI -0.13), and 131 in total exports ($4.81B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Moldova exported $47.7M to Hungary. The main products exported from Moldova to Hungary were Seats ($25.9M), Electrical Transformers ($7.45M), and Fruit Juice ($1.61M). During the last 5 years the exports of Moldova to Hungary have increased at an annualized rate of 30.4%, from $12.6M in 2018 to $47.7M in 2023.

In 2018, Hungary exported $188M to Moldova. The main products exported from Hungary to Moldova were Insulated Wire ($38.5M), Packaged Medicaments ($19.3M), and Other Leather Articles ($8.96M). During the last 5 years the exports of Hungary to Moldova have increased at an annualized rate of 8.81%, from $124M in 2023 to $188M in 2018.

Exports from Moldova () to Hungary () (2023)

Exports from Hungary () to Moldova () (2023)

Latest Data

Trade between Moldova () and Hungary ()

Moldova Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Moldova
Top DestinationRomania$1.5B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Moldova than Hungary included Zimbabwe ($16.9M), Tuvalu ($282k), and Palau ($115k).

In 2023, countries that imported more from Hungary than Moldova included Germany ($37.4B), Italy ($9.08B), and United States ($7.66B).

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

Comparative Advantage Moldova - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Moldova had a large net trade with Hungary in the exports of Miscellaneous ($26.9M), Machines ($10.8M), and Foodstuffs ($3.31M).

During 2018, Hungary had a large net trade with Moldova in the exports of Machines ($62.7M), Chemical Products ($35.4M), and Foodstuffs ($15.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Moldova Hungary+$3.29MInsulated Wire

Top Product Potential Hungary Moldova+$6.17MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Moldova () to Hungary () (2023)

Exports from Hungary () to Moldova () (2023)

Latest Data

Trade between Moldova () and Hungary ()

Moldova Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Moldova - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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