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2023
Flag → Flag
Exports $54.2MRnk 65 / 205
2023
Flag → Flag
Top Product $15.4MHouse Linens
2023
Flag → Flag
Exports $40.4MRnk 81 / 201
2023
Flag → Flag
Top Product $8.77MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI -0.55Rnk 89 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$338BCURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 113 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $1,365CURRENT US$
Rnk 170 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Pakistan-Hungary Trade: In 2023, Pakistan exported $54.2M to Hungary. The main products that Pakistan exported to Hungary were House Linens ($15.4M), Gas Turbines ($4.8M), and Broadcasting Equipment ($4.7M). Over the past 5 years the exports of Pakistan to Hungary have increased at an annualized rate of 20.6%, from $21.2M in 2018 to $54.2M in 2023.

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

Hungary-Pakistan Trade: In 2023, Hungary exported $40.4M to Pakistan. The main products that Hungary exported to Pakistan were Gas Turbines ($8.77M), Spark-Ignition Engines ($7.19M), and Used Clothing ($2.38M). Over the past 5 years the exports of Hungary to Pakistan have increased at an annualized rate of 0.44%,  from $39.5M in 2018 to $40.4M in 2023.

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

Comparison: In 2023,  Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). 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
Value

In 2023, Pakistan exported $54.2M to Hungary. The main products exported from Pakistan to Hungary were House Linens ($15.4M), Gas Turbines ($4.8M), and Broadcasting Equipment ($4.7M). During the last 5 years the exports of Pakistan to Hungary have increased at an annualized rate of 20.6%, from $21.2M in 2018 to $54.2M in 2023.

In 2018, Hungary exported $40.4M to Pakistan. The main products exported from Hungary to Pakistan were Gas Turbines ($8.77M), Spark-Ignition Engines ($7.19M), and Used Clothing ($2.38M). During the last 5 years the exports of Hungary to Pakistan have increased at an annualized rate of 0.44%, from $39.5M in 2023 to $40.4M in 2018.

Exports from Pakistan (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Pakistan (Flag) (2023)

Latest Data

Trade between Pakistan (Flag) and Hungary (Flag)

Pakistan Exports

Hungary Exports

Market Competitiveness

Color
Pakistan
Top DestinationUnited States$5.18B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Pakistan than Hungary included United Arab Emirates ($3.7B), Afghanistan ($969M), and Bangladesh ($690M).

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

Difference in imports from Hungary (Flag) and Pakistan (Flag) (2023)

Comparative Advantage Pakistan - Hungary

Flow
Scale

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

During 2023, Pakistan had a large net trade with Hungary in the exports of Textiles ($32.4M), Machines ($10.1M), and Instruments ($4.15M).

During 2018, Hungary had a large net trade with Pakistan in the exports of Machines ($23.8M), Chemical Products ($3.72M), and Instruments ($3.58M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Pakistan Hungary+$4.61MHouse Linens
Top Product Potential Hungary Pakistan+$6.51MVaccines, blood, antisera, toxins and cultures

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

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

Product Space of Pakistan (Flag) and Hungary (Flag) (2023)

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