Oman (OMN) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Oman-Hungary Trade: In 2022, Oman exported $18.9M to Hungary. The main products that Oman exported to Hungary were Aluminium Wire ($15.3M), Propylene Polymers ($2.26M), and Broadcasting Equipment ($674k). Over the past 5 years the exports of Oman to Hungary have increased at an annualized rate of 1.83%, from $17.3M in 2017 to $18.9M in 2022.

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

Hungary-Oman Trade: In 2022, Hungary exported $14.4M to Oman. The main products that Hungary exported to Oman were Cars ($4.34M), Light Fixtures ($2.14M), and Other Office Machines ($936k). Over the past 5 years the exports of Hungary to Oman have increased at an annualized rate of 2.43%, from $12.7M in 2017 to $14.4M in 2022.

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

Comparison: In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). 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, Oman exported $18.9M to Hungary. The main products exported from Oman to Hungary were Aluminium Wire ($15.3M), Propylene Polymers ($2.26M), and Broadcasting Equipment ($674k). During the last 5 years the exports of Oman to Hungary have increased at an annualized rate of 1.83%, from $17.3M in 2017 to $18.9M in 2022.

In 2017, Hungary exported $14.4M to Oman. The main products exported from Hungary to Oman were Cars ($4.34M), Light Fixtures ($2.14M), and Other Office Machines ($936k). During the last 5 years the exports of Hungary to Oman have increased at an annualized rate of 2.43%, from $12.7M in 2022 to $14.4M in 2017.

Exports from Oman () to Hungary () (2022)

Exports from Hungary () to Oman () (2022)

Latest Data

Trade between Oman () and Hungary ()

Oman Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Oman than Hungary included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

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

Comparative Advantage Oman - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Hungary in the exports of Metals ($15.4M), Plastics and Rubbers ($2.26M), and Machines ($906k).

During 2017, Hungary had a large net trade with Oman in the exports of Transportation ($4.67M), Machines ($3.44M), and Miscellaneous ($2.21M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Hungary+$1.71MPropylene Polymers

Top Product Potential Hungary Oman+$7.76MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Hungary () (2022)

Exports from Hungary () to Oman () (2022)

Latest Data

Trade between Oman () and Hungary ()

Oman Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Oman - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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