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2022
Flag → Flag
Exports $567kRnk 57 / 142
2022
Flag → Flag
Top Product $476kBroadcasting Equipment
2022
Flag → Flag
Exports $1.52MRnk 148 / 205
2022
Flag → Flag
Top Product $850kPetroleum Jelly
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Rwanda-Hungary Trade: In 2022, Rwanda exported $567k to Hungary. The main products that Rwanda exported to Hungary were Broadcasting Equipment ($476k), Office Machine Parts ($38.8k), and Telephones ($32.8k). Over the past 6 years the exports of Rwanda to Hungary have increased at an annualized rate of 31.3%, from $111k in 2016 to $567k in 2022.

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

Hungary-Rwanda Trade: In 2022, Hungary exported $1.52M to Rwanda. The main products that Hungary exported to Rwanda were Petroleum Jelly ($850k), Office Machine Parts ($169k), and Telephones ($132k). Over the past 6 years the exports of Hungary to Rwanda have increased at an annualized rate of 0.23%,  from $1.51M in 2016 to $1.52M in 2022.

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

Comparison: In 2022,  Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B). 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
Value

In 2022, Rwanda exported $567k to Hungary. The main products exported from Rwanda to Hungary were Broadcasting Equipment ($476k), Office Machine Parts ($38.8k), and Telephones ($32.8k). During the last 6 years the exports of Rwanda to Hungary have increased at an annualized rate of 31.3%, from $111k in 2016 to $567k in 2022.

In 2017, Hungary exported $1.52M to Rwanda. The main products exported from Hungary to Rwanda were Petroleum Jelly ($850k), Office Machine Parts ($169k), and Telephones ($132k). During the last 5 years the exports of Hungary to Rwanda have increased at an annualized rate of 0.23%, from $1.51M in 2022 to $1.52M in 2017.

Exports from Rwanda (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Rwanda (Flag) (2022)

Latest Data

Trade between Rwanda (Flag) and Hungary (Flag)

Rwanda Exports

Hungary Exports

Market Competitiveness

Color
Rwanda
Top DestinationUnited Arab Emirates$568M
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Rwanda than Hungary included Democratic Republic of the Congo ($450M), Ethiopia ($55.2M), and Kenya ($34.2M).

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

Difference in imports from Hungary (Flag) and Rwanda (Flag) (2022)

Comparative Advantage Rwanda - Hungary

Flow
Scale

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

During 2022, Rwanda had a large net trade with Hungary in the exports of Machines ($567k), Miscellaneous ($44), and Vegetable Products ($34).

During 2017, Hungary had a large net trade with Rwanda in the exports of Mineral Products ($850k), Machines ($490k), and Transportation ($119k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Rwanda Hungary+$293kTelephones
Top Product Potential Hungary Rwanda+$333kCars

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

Product Space of Rwanda (Flag) and Hungary (Flag) (2022)

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