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2022
Flag → Flag
Exports $453kRnk 115 / 164
2022
Flag → Flag
Exports $3.14MRnk 127 / 205
2022
Flag → Flag
Top Product $521kRubber Tires
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 116 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$75.7BCURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP GROWTH90.9%CURRENT US$
Rnk 18 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $1,192CURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP PC GROWTH39.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Tanzania-Hungary Trade: In 2022, Tanzania exported $453k to Hungary. The main products that Tanzania exported to Hungary were N/A. Over the past 5 years the exports of Tanzania to Hungary have increased at an annualized rate of 19.9%, from $183k in 2017 to $453k in 2022.

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

Hungary-Tanzania Trade: In 2022, Hungary exported $3.14M to Tanzania. The main products that Hungary exported to Tanzania were Rubber Tires ($521k), Petroleum Jelly ($404k), and Office Machine Parts ($290k). Over the past 5 years the exports of Hungary to Tanzania have decreased at an annualized rate of 7.66%,  from $4.67M in 2017 to $3.14M in 2022.

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

Comparison: In 2022,  Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Latest Data

Trade between Tanzania (Flag) and Hungary (Flag)

Tanzania Exports

Hungary Exports

Market Competitiveness

Color
Tanzania
Top DestinationIndia$2.73B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Tanzania than Hungary included India ($2.73B), South Africa ($939M), and Rwanda ($474M).

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

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

Potential Exports

Potential Exports

Depth
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Top Product Potential Tanzania Hungary+$395kRaw Tobacco
Top Product Potential Hungary Tanzania+$1.58MComputers

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

Product Space of Tanzania (Flag) and Hungary (Flag) (NaN)

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