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2023
Flag → Flag
Exports $79MRnk 80 / 182
2023
Flag → Flag
Top Product $28.9MBroadcasting Equipment
2023
Flag → Flag
Exports $341MRnk 44 / 201
2023
Flag → Flag
Top Product $55MCars
2023
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Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
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GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Saudi Arabia-Hungary Trade: In 2023, Saudi Arabia exported $79M to Hungary. The main products that Saudi Arabia exported to Hungary were Broadcasting Equipment ($28.9M), Aircraft parts (gliders, balloons, and powered aircraft) ($26.2M), and Propylene Polymers ($7.15M). Over the past 5 years the exports of Saudi Arabia to Hungary have increased at an annualized rate of 53%, from $9.43M in 2018 to $79M in 2023.

In 2023, Saudi Arabia did not export any services to Hungary.

Hungary-Saudi Arabia Trade: In 2023, Hungary exported $341M to Saudi Arabia. The main products that Hungary exported to Saudi Arabia were Cars ($55M), Electric Generating Sets ($47.9M), and Gas Turbines ($25.8M). Over the past 5 years the exports of Hungary to Saudi Arabia have increased at an annualized rate of 5.89%,  from $256M in 2018 to $341M in 2023.

In 2023, Hungary did not export any services to Saudi Arabia.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). 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, Saudi Arabia exported $79M to Hungary. The main products exported from Saudi Arabia to Hungary were Broadcasting Equipment ($28.9M), Aircraft parts (gliders, balloons, and powered aircraft) ($26.2M), and Propylene Polymers ($7.15M). During the last 5 years the exports of Saudi Arabia to Hungary have increased at an annualized rate of 53%, from $9.43M in 2018 to $79M in 2023.

In 2018, Hungary exported $341M to Saudi Arabia. The main products exported from Hungary to Saudi Arabia were Cars ($55M), Electric Generating Sets ($47.9M), and Gas Turbines ($25.8M). During the last 5 years the exports of Hungary to Saudi Arabia have increased at an annualized rate of 5.89%, from $256M in 2023 to $341M in 2018.

Exports from Saudi Arabia (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Hungary (Flag)

Saudi Arabia Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Saudi Arabia than Hungary included China ($64.4B), India ($34.8B), and Japan ($34.7B).

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

Difference in imports from Hungary (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Hungary

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Hungary in the exports of Machines ($32.9M), Transportation ($26.2M), and Plastics and Rubbers ($12.9M).

During 2018, Hungary had a large net trade with Saudi Arabia in the exports of Machines ($142M), Transportation ($61.6M), and Chemical Products ($33.9M).

Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and Hungary (Flag) (2023)

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