Greenland (GRL) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Greenland-Hungary Trade: In 2022, Greenland exported $7.93k to Hungary. The main products that Greenland exported to Hungary were Office Machine Parts ($6.02k), Air Pumps ($1.53k), and Electrical Transformers ($382). Over the past 5 years the exports of Greenland to Hungary have increased at an annualized rate of 132%, from $117 in 2017 to $7.93k in 2022.

In 2022, Greenland did not export any services to Hungary.

Hungary-Greenland Trade: In 2022, Hungary exported $5.41k to Greenland. The main products that Hungary exported to Greenland were Other Heating Machinery ($5.41k). Over the past 5 years the exports of Hungary to Greenland have decreased at an annualized rate of 64.3%, from $927k in 2017 to $5.41k in 2022.

In 2022, Hungary did not export any services to Greenland.

Comparison In 2022, Greenland ranked 152 in total exports ($1.49B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greenland exported $7.93k to Hungary. The main products exported from Greenland to Hungary were Office Machine Parts ($6.02k), Air Pumps ($1.53k), and Electrical Transformers ($382). During the last 5 years the exports of Greenland to Hungary have increased at an annualized rate of 132%, from $117 in 2017 to $7.93k in 2022.

In 2017, Hungary exported $5.41k to Greenland. The main products exported from Hungary to Greenland were Other Heating Machinery ($5.41k). During the last 5 years the exports of Hungary to Greenland have decreased at an annualized rate of 64.3%, from $927k in 2022 to $5.41k in 2017.

Exports from Greenland () to Hungary () (2022)

Exports from Hungary () to Greenland () (2022)

Latest Data

Trade between Greenland () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greenland
Top DestinationDenmark$731M

Hungary
Top DestinationGermany$35.5B

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

In 2022, no countries were registered that imported more from Greenland than from Hungary.

In 2022, countries that imported more from Hungary than Greenland included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

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

Comparative Advantage Greenland - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greenland had a large net trade with Hungary in the exports of Machines ($7.93k).

During 2017, Hungary had a large net trade with Greenland in the exports of N/A.

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greenland () to Hungary () (2022)

Exports from Hungary () to Greenland () (2022)

Latest Data

Trade between Greenland () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Greenland - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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