Qatar (QAT) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Qatar-Hungary Trade: In 2023, Qatar exported $10.7M to Hungary. The main products that Qatar exported to Hungary were Broadcasting Equipment ($9.02M), Telephones ($624k), and Electrical Transformers ($275k). Over the past 5 years the exports of Qatar to Hungary have increased at an annualized rate of 75.1%, from $647k in 2018 to $10.7M in 2023.

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

Hungary-Qatar Trade: In 2023, Hungary exported $99.3M to Qatar. The main products that Hungary exported to Qatar were Gas Turbines ($38.7M), Computers ($13.2M), and Cars ($12.5M). Over the past 5 years the exports of Hungary to Qatar have increased at an annualized rate of 4.53%, from $79.6M in 2018 to $99.3M in 2023.

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

Comparison: In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). 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, Qatar exported $10.7M to Hungary. The main products exported from Qatar to Hungary were Broadcasting Equipment ($9.02M), Telephones ($624k), and Electrical Transformers ($275k). During the last 5 years the exports of Qatar to Hungary have increased at an annualized rate of 75.1%, from $647k in 2018 to $10.7M in 2023.

In 2018, Hungary exported $99.3M to Qatar. The main products exported from Hungary to Qatar were Gas Turbines ($38.7M), Computers ($13.2M), and Cars ($12.5M). During the last 5 years the exports of Hungary to Qatar have increased at an annualized rate of 4.53%, from $79.6M in 2023 to $99.3M in 2018.

Exports from Qatar () to Hungary () (2023)

Exports from Hungary () to Qatar () (2023)

Latest Data

Trade between Qatar () and Hungary ()

Qatar Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Qatar than Hungary included China ($20.9B), India ($12.9B), and South Korea ($12.1B).

In 2023, countries that imported more from Hungary than Qatar included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

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

Comparative Advantage Qatar - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Hungary in the exports of Machines ($10.5M), Plastics and Rubbers ($124k), and Transportation ($14.3k).

During 2018, Hungary had a large net trade with Qatar in the exports of Machines ($65.5M), Transportation ($13M), and Mineral Products ($5.03M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Hungary+$1.17MEthylene Polymers

Top Product Potential Hungary Qatar+$13MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Qatar () to Hungary () (2023)

Exports from Hungary () to Qatar () (2023)

Latest Data

Trade between Qatar () and Hungary ()

Qatar Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Qatar - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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