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2022
Flag → Flag
Exports $84.2MRnk 78 / 214
2022
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Top Product $25.2MDelivery Trucks
2022
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Exports $332MRnk 44 / 205
2022
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Top Product $53.8MCars
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$179BCURRENT US$
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2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

South Africa-Hungary Trade: In 2022, South Africa exported $84.2M to Hungary. The main products that South Africa exported to Hungary were Delivery Trucks ($25.2M), Tanned Equine and Bovine Hides ($16.1M), and Raw Sugar ($14.3M). Over the past 5 years the exports of South Africa to Hungary have decreased at an annualized rate of 5.65%, from $113M in 2017 to $84.2M in 2022.

In 2022, South Africa did not export any services to Hungary.

Hungary-South Africa Trade: In 2022, Hungary exported $332M to South Africa. The main products that Hungary exported to South Africa were Cars ($53.8M), Electric Generating Sets ($33.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($31.7M). Over the past 5 years the exports of Hungary to South Africa have increased at an annualized rate of 8.33%,  from $223M in 2017 to $332M in 2022.

In 2020, Hungary exported services to South Africa worth $16.6M, with Royalties and license fees ($8.11M), Other business services ($4.68M), and Transportation ($2.86M) being the largest in terms of value.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

August, 2024

About

Overview In August 2024, South Africa exported ZAR46.5M and imported ZAR564M from Hungary, resulting in a negative trade balance of ZAR518M. Between August 2023 and August 2024 the exports of South Africa have increased by ZAR13.5M (40.8%) from ZAR33.1M to ZAR46.5M, while imports decreased by ZAR-413M (-42.3%) from ZAR977M to ZAR564M.

Trade In August 2024, the top exports of South Africa to Hungary were Leather of Other Animals (ZAR7.29M), Other Leather Articles (ZAR4.23M), Motor vehicles; parts and accessories (8701... (ZAR844k), Air Pumps (ZAR474k), and Telephones (ZAR331k). In August 2024 the top imports of South Africa from Hungary were Commodities not elsewhere specified (ZAR123M), Motor vehicles; parts and accessories (8701... (ZAR47.9M), Cars (ZAR31.9M), Packaged Medicaments (ZAR18.4M), and Seats (ZAR16.3M).

Origins In August 2024 the exports of South Africa were mainly from Pretoria (ZAR28.4M), Durban (ZAR6.72M), O.R. Tambo Int Airport (ZAR4.89M), Germiston/Alberton (ZAR4.35M), and Cape Town Int Airport (ZAR1.53M), while imports destinations were mainly Port Elizabeth (ZAR216M), O.R. Tambo Int Airport (ZAR112M), Durban (ZAR92M), Pretoria (ZAR76M), and East London (ZAR32.5M).

Growth In August 2024, the increase in South Africa's year-by-year exports to Hungary was explained primarily by an increase in product exports in Other Leather Articles (ZAR1.2M or 39.6%), Motor vehicles; parts and accessories (8701... (ZAR786k or 1.36k%), and Air Pumps (ZAR473k or 88.5k%). In August 2024, the decrease in South Africa's year-by-year imports  from Hungary was explained primarily by an decrease in product imports  in Cars (ZAR-114M or -78.1%), Computers (ZAR-53.1M or -81.5%), and Rubber Belting (ZAR-5.21M or -99.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)ZAR13.5M(40.8%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-413M(-42.3%)
MAIN EXPORTER (August 2024)PretoriaZAR28.4M

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Hungary and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $84.2M to Hungary. The main products exported from South Africa to Hungary were Delivery Trucks ($25.2M), Tanned Equine and Bovine Hides ($16.1M), and Raw Sugar ($14.3M). During the last 5 years the exports of South Africa to Hungary have decreased at an annualized rate of 5.65%, from $113M in 2017 to $84.2M in 2022.

In 2017, Hungary exported $332M to South Africa. The main products exported from Hungary to South Africa were Cars ($53.8M), Electric Generating Sets ($33.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($31.7M). During the last 5 years the exports of Hungary to South Africa have increased at an annualized rate of 8.33%, from $223M in 2022 to $332M in 2017.

Exports from South Africa (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from South Africa than Hungary included China ($23.4B), India ($9.14B), and Japan ($8.85B).

In 2022, countries that imported more from Hungary than South Africa included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

Difference in imports from Hungary (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Hungary

Flow
Scale

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

During 2022, South Africa had a large net trade with Hungary in the exports of Transportation ($25.9M), Animal Hides ($25.3M), and Foodstuffs ($14.5M).

During 2017, Hungary had a large net trade with South Africa in the exports of Machines ($147M), Transportation ($92.7M), and Plastics and Rubbers ($23.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Hungary+$9.17MDelivery Trucks
Top Product Potential Hungary South Africa+$41.2MCars

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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Bilateral Service Trade

In 2020, Hungary exported services to South Africa worth $16.6M, with Royalties and license fees ($8.11M), Other business services ($4.68M), and Transportation ($2.86M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to South Africa (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Hungary (Flag) (2022)

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