2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

British Virgin Islands-Hungary In 2022, British Virgin Islands exported $229k to Hungary. The main products that British Virgin Islands exported to Hungary are Printed Circuit Boards ($215k) and Office Machine Parts ($13.9k). During the last 17 years the exports of British Virgin Islands to Hungary have decreased at an annualized rate of 13%, from $2.45M in 2005 to $229k in 2022.

In 2022, British Virgin Islands did not export any services to Hungary.

Hungary-British Virgin Islands In 2022, Hungary exported $416k to British Virgin Islands. The main products that Hungary exported to British Virgin Islands were Cars ($351k), Plastic Wash Basins ($30k), and Motor vehicles; parts and accessories (8701 to 8705) ($17.4k). During the last 17 years the exports of Hungary to British Virgin Islands have increased at an annualized rate of 5.85%, from $158k in 2005 to $416k in 2022.

In 2022, Hungary did not export any services to British Virgin Islands.

Comparison In 2022,  British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index. 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, British Virgin Islands exported $229k to Hungary. The main products exported from British Virgin Islands to Hungary were Printed Circuit Boards ($215k) and Office Machine Parts ($13.9k). During the last 17 years the exports of British Virgin Islands to Hungary have decreased at an annualized rate of 13%, from $2.45M in 2005 to $229k in 2022.

In 2022, Hungary exported $416k to British Virgin Islands. The main products exported from Hungary to British Virgin Islands were Cars ($351k), Plastic Wash Basins ($30k), and Motor vehicles; parts and accessories (8701 to 8705) ($17.4k). During the last 17 years the exports of Hungary to British Virgin Islands have increased at an annualized rate of 5.85%, from $158k in 2005 to $416k in 2022.

Exports from British Virgin Islands (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to British Virgin Islands (Flag) (2022)

Latest Data

Trade between British Virgin Islands (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$85.8M
Hungary
Top Destination
Germany$35.5B

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

In 2021, countries that imported more from British Virgin Islands than Hungary were Malta ($85.8M), Zimbabwe ($5.02M), and Bahamas ($824k).

In 2021, countries that imported more from Hungary than British Virgin Islands were Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

Difference in imports from Hungary (Flag) and British Virgin Islands (Flag) (2022)

Comparative Advantage British Virgin Islands - Hungary

Flow
Scale

This chart compares trade between British Virgin Islands and Hungary by product, considering products traded by both, British Virgin Islands and Hungary.

During 2022, British Virgin Islands had a large net trade with Hungary in the exports of Machines ($229k).

During 2022, Hungary had a large net trade with British Virgin Islands in the exports of Transportation ($369k), Plastics and Rubbers ($30.7k), and Foodstuffs ($6.69k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more British Virgin Islands has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over British Virgin Islands.

Product Space of British Virgin Islands (Flag) and Hungary (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with