Hungary (HUN) and Malawi (MWI) Trade | The Observatory of Economic Complexity

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Hungary-Malawi Trade: In 2022, Hungary exported $747k to Malawi. The main products that Hungary exported to Malawi were Office Machine Parts ($397k), Broadcasting Equipment ($213k), and Garden Tools ($49.7k). Over the past 5 years the exports of Hungary to Malawi have decreased at an annualized rate of 7%, from $1.07M in 2017 to $747k in 2022.

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

Malawi-Hungary Trade: In 2022, Malawi exported $418k to Hungary. The main products that Malawi exported to Hungary were Raw Tobacco ($347k), Broadcasting Equipment ($67.2k), and Air Pumps ($1.35k). Over the past 5 years the exports of Malawi to Hungary have increased at an annualized rate of 1.84%, from $382k in 2017 to $418k in 2022.

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

Comparison In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Malawi ranked 157 in total exports ($1.19B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $747k to Malawi. The main products exported from Hungary to Malawi were Office Machine Parts ($397k), Broadcasting Equipment ($213k), and Garden Tools ($49.7k). During the last 5 years the exports of Hungary to Malawi have decreased at an annualized rate of 7%, from $1.07M in 2017 to $747k in 2022.

In 2017, Malawi exported $418k to Hungary. The main products exported from Malawi to Hungary were Raw Tobacco ($347k), Broadcasting Equipment ($67.2k), and Air Pumps ($1.35k). During the last 5 years the exports of Malawi to Hungary have increased at an annualized rate of 1.84%, from $382k in 2022 to $418k in 2017.

Exports from Hungary () to Malawi () (2022)

Exports from Malawi () to Hungary () (2022)

Latest Data

Trade between Hungary () and Malawi ()

Hungary Exports

Date

Malawi Exports

Date

Aug 2016

Apr 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Malawi
Top DestinationUnited Arab Emirates$255M

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

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

In 2022, countries that imported more from Malawi than Hungary included Tanzania ($72.8M), Kenya ($58.8M), and Zimbabwe ($45M).

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

Comparative Advantage Hungary - Malawi

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Malawi in the exports of Machines ($643k), Metals ($52.5k), and Textiles ($31.3k).

During 2017, Malawi had a large net trade with Hungary in the exports of Foodstuffs ($347k) and Machines ($71.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Malawi+$480kComputers

Top Product Potential Malawi Hungary+$458kRaw Tobacco

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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Malawi () (2022)

Exports from Malawi () to Hungary () (2022)

Latest Data

Trade between Hungary () and Malawi ()

Hungary Exports

Malawi Exports

Market Competitiveness

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

Comparative Advantage Hungary - Malawi

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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