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2022
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Exports $113MRnk 78 / 214
2022
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Top Product $25.2MDelivery Trucks
2022
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Exports $223MRnk 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$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $6,776CURRENT US$
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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 $113M 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 increased at an annualized rate of 49.6%, from $15M in 2017 to $113M in 2022.

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

Hungary-South Africa Trade: In 2022, Hungary exported $223M 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 60.7%,  from $20.8M in 2017 to $223M 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

March, 2024

About

Overview In March 2024, South Africa exported ZAR31.2M and imported ZAR767M from Hungary, resulting in a negative trade balance of ZAR736M. Between March 2023 and March 2024 the exports of South Africa have decreased by ZAR-25.1M (-44.6%) from ZAR56.3M to ZAR31.2M, while imports increased by ZAR40.2M (5.52%) from ZAR727M to ZAR767M.

Trade In March 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 March 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 March 2024 the exports of South Africa were mainly from Pretoria (ZAR15.6M), Durban (ZAR5.85M), O.R. Tambo Int Airport (ZAR5.07M), Port Elizabeth (ZAR3.66M), and Cape Town (ZAR697k), while imports destinations were mainly O.R. Tambo Int Airport (ZAR255M), Port Elizabeth (ZAR195M), East London (ZAR93.1M), Durban (ZAR90.6M), and Pretoria (ZAR67.7M).

Growth In March 2024, the decrease in South Africa's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Leather of Other Animals (ZAR-10.3M or -58.6%) and Beauty Products (ZAR-12k or -97.5%). In March 2024, the increase in South Africa's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Commodities not elsewhere specified (ZAR37.9M or 44.3%), Packaged Medicaments (ZAR16.8M or 1.04k%), and Motor vehicles; parts and accessories (8701... (ZAR14.7M or 44%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)ZAR-25.1M(-44.6%)
IMPORT GROWTH (March 2023 - March 2024)ZAR40.2M(5.52%)
MAIN EXPORTER (March 2024)PretoriaZAR15.6M

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 $113M 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 increased at an annualized rate of 49.6%, from $15M in 2017 to $113M in 2022.

In 2017, Hungary exported $223M 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 22 years the exports of Hungary to South Africa have increased at an annualized rate of 60.7%, from $20.8M in 1995 to $223M 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).

Service Trade

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)

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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