Nepal (NPL) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Nepal-Hungary Trade: In 2023, Nepal exported $592k to Hungary. The main products that Nepal exported to Hungary were N/A. Over the past 5 years the exports of Nepal to Hungary have decreased at an annualized rate of 1.71%, from $646k in 2018 to $592k in 2023.

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

Hungary-Nepal Trade: In 2023, Hungary exported $773k to Nepal. The main products that Hungary exported to Nepal were Chocolate ($260k), Other Edible Preparations ($252k), and Chemical Analysis Instruments ($125k). Over the past 5 years the exports of Hungary to Nepal have decreased at an annualized rate of 17%, from $2.37M in 2018 to $773k in 2023.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $592k to Hungary. There were not main exports from Nepal to Hungary in 2023. During the last 5 years the exports of Nepal to Hungary have decreased at an annualized rate of 1.71%, from $646k in 2018 to $592k in 2023.

In 2018, Hungary exported $773k to Nepal. The main products exported from Hungary to Nepal were Chocolate ($260k), Other Edible Preparations ($252k), and Chemical Analysis Instruments ($125k). During the last 5 years the exports of Hungary to Nepal have decreased at an annualized rate of 17%, from $2.37M in 2023 to $773k in 2018.

Exports from Nepal () to Hungary () (2023)

Exports from Hungary () to Nepal () (2023)

Latest Data

Trade between Nepal () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Nepal than Hungary included India ($811M).

In 2023, countries that imported more from Hungary than Nepal included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Nepal - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Hungary in the exports of Textiles ($313k), Metals ($80.5k), and Instruments ($76.9k).

During 2018, Hungary had a large net trade with Nepal in the exports of Foodstuffs ($512k), Instruments ($167k), and Chemical Products ($40.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Hungary+$252kNon-Knit Women's Suits

Top Product Potential Hungary Nepal+$252kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Hungary () (2023)

Exports from Hungary () to Nepal () (2023)

Latest Data

Trade between Nepal () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Nepal - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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