Tanzania (TZA) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Tanzania-Hungary Trade: In 2022, Tanzania exported $453k to Hungary. The main products that Tanzania exported to Hungary were Raw Tobacco ($275k), Broadcasting Equipment ($118k), and Perfume Plants ($20.6k). 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 4.86%, 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

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Tanzania exported $453k to Hungary. The main products exported from Tanzania to Hungary were Raw Tobacco ($275k), Broadcasting Equipment ($118k), and Perfume Plants ($20.6k). During the last 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 2017, Hungary exported $3.14M to Tanzania. The main products exported from Hungary to Tanzania were Rubber Tires ($521k), Petroleum Jelly ($404k), and Office Machine Parts ($290k). During the last 5 years the exports of Hungary to Tanzania have decreased at an annualized rate of 4.86%, from $4.67M in 2022 to $3.14M in 2017.

Exports from Tanzania () to Hungary () (2022)

Exports from Hungary () to Tanzania () (2022)

Latest Data

Trade between Tanzania () and Hungary ()

Tanzania Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Tanzania () (2022)

Comparative Advantage Tanzania - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Tanzania had a large net trade with Hungary in the exports of Foodstuffs ($275k), Machines ($120k), and Vegetable Products ($27.4k).

During 2017, Hungary had a large net trade with Tanzania in the exports of Machines ($1.19M), Plastics and Rubbers ($589k), and Mineral Products ($561k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Tanzania () to Hungary () (2022)

Exports from Hungary () to Tanzania () (2022)

Latest Data

Trade between Tanzania () and Hungary ()

Tanzania Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Tanzania - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Tanzania () and Hungary () (2022)

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