Namibia (NAM) and Hungary (HUN) Trade | The Observatory of Economic Complexity

About

Namibia-Hungary Trade: In 2022, Namibia exported $217k to Hungary. The main products that Namibia exported to Hungary were Broadcasting Equipment ($64.4k), Raw Bones ($39k), and Collector's Items ($30k). Over the past 5 years the exports of Namibia to Hungary have decreased at an annualized rate of 12.2%, from $416k in 2017 to $217k in 2022.

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

Hungary-Namibia Trade: In 2022, Hungary exported $2.45M to Namibia. The main products that Hungary exported to Namibia were Broadcasting Equipment ($926k), Liquid Pumps ($299k), and Pig Meat ($138k). Over the past 5 years the exports of Hungary to Namibia have increased at an annualized rate of 6.96%, from $892k in 2017 to $2.45M in 2022.

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

Comparison: In 2022, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). 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, Namibia exported $217k to Hungary. The main products exported from Namibia to Hungary were Broadcasting Equipment ($64.4k), Raw Bones ($39k), and Collector's Items ($30k). During the last 5 years the exports of Namibia to Hungary have decreased at an annualized rate of 12.2%, from $416k in 2017 to $217k in 2022.

In 2017, Hungary exported $2.45M to Namibia. The main products exported from Hungary to Namibia were Broadcasting Equipment ($926k), Liquid Pumps ($299k), and Pig Meat ($138k). During the last 5 years the exports of Hungary to Namibia have increased at an annualized rate of 6.96%, from $892k in 2022 to $2.45M in 2017.

Exports from Namibia () to Hungary () (2022)

Exports from Hungary () to Namibia () (2022)

Latest Data

Trade between Namibia () and Hungary ()

Namibia Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.75B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Namibia than Hungary included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

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

Comparative Advantage Namibia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Namibia had a large net trade with Hungary in the exports of Machines ($107k), Animal Products ($43.7k), and Arts and Antiques ($30.6k).

During 2017, Hungary had a large net trade with Namibia in the exports of Machines ($1.63M), Animal Products ($248k), and Metals ($113k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Hungary+$221kTelephones

Top Product Potential Hungary Namibia+$754kTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Namibia () to Hungary () (2022)

Exports from Hungary () to Namibia () (2022)

Latest Data

Trade between Namibia () and Hungary ()

Namibia Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Namibia - Hungary

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring