Maldives (MDV) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Maldives-Hungary Trade: In 2022, Maldives exported $724 to Hungary. The main products that Maldives exported to Hungary were Broadcasting Equipment ($600), Other toys ($30), and Non-Knit Men's Coats ($20). Over the past 5 years the exports of Maldives to Hungary have decreased at an annualized rate of 47.7%, from $18.5k in 2017 to $724 in 2022.

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

Hungary-Maldives Trade: In 2022, Hungary exported $788k to Maldives. The main products that Hungary exported to Maldives were Liquid Pumps ($141k), Medical Instruments ($69.5k), and Fruit Juice ($59.6k). Over the past 5 years the exports of Hungary to Maldives have increased at an annualized rate of 36.5%, from $167k in 2017 to $788k in 2022.

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

Comparison In 2022, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Maldives exported $724 to Hungary. The main products exported from Maldives to Hungary were Broadcasting Equipment ($600), Other toys ($30), and Non-Knit Men's Coats ($20). During the last 5 years the exports of Maldives to Hungary have decreased at an annualized rate of 47.7%, from $18.5k in 2017 to $724 in 2022.

In 2017, Hungary exported $788k to Maldives. The main products exported from Hungary to Maldives were Liquid Pumps ($141k), Medical Instruments ($69.5k), and Fruit Juice ($59.6k). During the last 5 years the exports of Hungary to Maldives have increased at an annualized rate of 36.5%, from $167k in 2022 to $788k in 2017.

Exports from Maldives () to Hungary () (2022)

Exports from Hungary () to Maldives () (2022)

Latest Data

Trade between Maldives () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Maldives than Hungary included Seychelles ($6.14M) and Mauritius ($11.1M).

In 2022, countries that imported more from Hungary than Maldives included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

Difference in imports from Hungary () and Maldives () (2022)

Comparative Advantage Maldives - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with Hungary in the exports of Machines ($600), Miscellaneous ($45), and Textiles ($38).

During 2017, Hungary had a large net trade with Maldives in the exports of Machines ($305k), Chemical Products ($110k), and Foodstuffs ($91.6k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Maldives () to Hungary () (2022)

Exports from Hungary () to Maldives () (2022)

Latest Data

Trade between Maldives () and Hungary ()

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Maldives () (2022)

Comparative Advantage Maldives - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Maldives () and Hungary () (2022)

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