2023
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC 
$5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC
$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195

About

Ukraine-Hungary Trade: In 2023, Ukraine exported $1.24B to Hungary. The main products that Ukraine exported to Hungary were Electric Heaters ($216M), Corn ($189M), and Soybean Meal ($63.3M). Over the past 5 years the exports of Ukraine to Hungary have decreased at an annualized rate of 8.56%, from $1.93B in 2018 to $1.24B in 2023.

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

Hungary-Ukraine Trade: In 2023, Hungary exported $1.65B to Ukraine. The main products that Hungary exported to Ukraine were Cars ($168M), Refined Petroleum ($155M), and Insulated Wire ($149M). Over the past 5 years the exports of Hungary to Ukraine have decreased at an annualized rate of 0.086%,  from $1.65B in 2018 to $1.65B in 2023.

In 2002, Hungary exported services to Ukraine worth $5.99M, with Other business services ($3.19M), Transportation ($1.38M), and Government services, n.i.e. ($375k) being the largest in terms of value.

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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, Ukraine exported $1.24B to Hungary. The main products exported from Ukraine to Hungary were Electric Heaters ($216M), Corn ($189M), and Soybean Meal ($63.3M). During the last 5 years the exports of Ukraine to Hungary have decreased at an annualized rate of 8.56%, from $1.93B in 2018 to $1.24B in 2023.

In 2018, Hungary exported $1.65B to Ukraine. The main products exported from Hungary to Ukraine were Cars ($168M), Refined Petroleum ($155M), and Insulated Wire ($149M). During the last 5 years the exports of Hungary to Ukraine have decreased at an annualized rate of 0.086%, from $1.65B in 2023 to $1.65B in 2018.

Exports from Ukraine (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Ukraine (Flag) (2023)

Latest Data

Trade between Ukraine (Flag) and Hungary (Flag)

Ukraine Exports

Hungary Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$4.83B
Hungary
Top Destination
Germany$37.4B

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

In 2023, countries that imported more from Ukraine than Hungary included Moldova ($1.13B), Egypt ($1.15B), and Turkey ($2.88B).

In 2023, countries that imported more from Hungary than Ukraine included Germany ($37.4B), Italy ($9.08B), and United States ($7.66B).

Difference in imports from Hungary (Flag) and Ukraine (Flag) (2023)

Comparative Advantage Ukraine - Hungary

Flow
Scale

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

During 2023, Ukraine had a large net trade with Hungary in the exports of Machines ($461M), Vegetable Products ($313M), and Foodstuffs ($152M).

During 2018, Hungary had a large net trade with Ukraine in the exports of Machines ($462M), Mineral Products ($300M), and Transportation ($236M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Hungary+$33.2MInsulated Wire
Top Product Potential Hungary Ukraine+$69.7MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Ukraine (Flag) and Hungary (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with