2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Hungary-Romania Trade: In 2022, Hungary exported $7.94B to Romania. The main products that Hungary exported to Romania were Packaged Medicaments ($608M), Electricity ($523M), and Petroleum Gas ($340M). Over the past 5 years the exports of Hungary to Romania have increased at an annualized rate of 6.6%, from $5.77B in 2017 to $7.94B in 2022.

In 2020, Hungary exported services to Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

Romania-Hungary Trade: In 2022, Romania exported $6.75B to Hungary. The main products that Romania exported to Hungary were Petroleum Gas ($1.29B), Electricity ($1.06B), and Insulated Wire ($237M). Over the past 5 years the exports of Romania to Hungary have increased at an annualized rate of 16.9%,  from $3.1B in 2017 to $6.75B in 2022.

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $7.94B to Romania. The main products exported from Hungary to Romania were Packaged Medicaments ($608M), Electricity ($523M), and Petroleum Gas ($340M). During the last 5 years the exports of Hungary to Romania have increased at an annualized rate of 6.6%, from $5.77B in 2017 to $7.94B in 2022.

In 2017, Romania exported $6.75B to Hungary. The main products exported from Romania to Hungary were Petroleum Gas ($1.29B), Electricity ($1.06B), and Insulated Wire ($237M). During the last 5 years the exports of Romania to Hungary have increased at an annualized rate of 16.9%, from $3.1B in 2022 to $6.75B in 2017.

Exports from Hungary (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and Romania (Flag)

Hungary Exports

Romania Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Hungary than Romania included Germany ($35.5B), Slovakia ($6.78B), and Austria ($6.32B).

In 2022, countries that imported more from Romania than Hungary included Bulgaria ($3.9B), Moldova ($2.14B), and Italy ($9.55B).

Difference in imports from Romania (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - Romania

Flow
Scale

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

During 2022, Hungary had a large net trade with Romania in the exports of Machines ($1.49B), Chemical Products ($1.19B), and Mineral Products ($1.15B).

During 2017, Romania had a large net trade with Hungary in the exports of Mineral Products ($2.62B), Machines ($1.17B), and Metals ($736M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Romania+$114MCars
Top Product Potential Romania Hungary+$108MMotor vehicles; parts and accessories (8701 to 8705)

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 Romania worth $881M, with Transportation ($417M), Travel ($293M), and Other business services ($121M) being the largest in terms of value.

In 2020, Romania exported services to Hungary worth $551M, with Transportation ($309M), Other business services ($106M), and Construction services ($37.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Romania (Flag) (2020)

Services Exports from Romania (Flag) to Hungary (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Romania (Flag) (2022)

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