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2022
Flag → Flag
Exports $83.4MRnk 119 / 219
2022
Flag → Flag
Top Product $18.8MBroadcasting Equipment
2022
Flag → Flag
Exports $86.1MRnk 31 / 205
2022
Flag → Flag
Top Product $246MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

United Arab Emirates-Hungary Trade: In 2022, United Arab Emirates exported $83.4M to Hungary. The main products that United Arab Emirates exported to Hungary were Broadcasting Equipment ($18.8M), Other Heating Machinery ($10.2M), and Medical Instruments ($6.85M). Over the past 5 years the exports of United Arab Emirates to Hungary have increased at an annualized rate of 21.4%, from $31.7M in 2017 to $83.4M in 2022.

In 2022, United Arab Emirates did not export any services to Hungary.

Hungary-United Arab Emirates Trade: In 2022, Hungary exported $667M to United Arab Emirates. The main products that Hungary exported to United Arab Emirates were Planes, Helicopters, and/or Spacecraft ($246M), Cars ($63.8M), and Carbon ($32M). Over the past 5 years the exports of Hungary to United Arab Emirates have increased at an annualized rate of 17%,  from $305M in 2017 to $667M in 2022.

In 2022, Hungary did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). 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
Value

In 2022, United Arab Emirates exported $83.4M to Hungary. The main products exported from United Arab Emirates to Hungary were Broadcasting Equipment ($18.8M), Other Heating Machinery ($10.2M), and Medical Instruments ($6.85M). During the last 5 years the exports of United Arab Emirates to Hungary have increased at an annualized rate of 0.94%, from $13.6M in 2017 to $83.4M in 2022.

In 2017, Hungary exported $667M to United Arab Emirates. The main products exported from Hungary to United Arab Emirates were Planes, Helicopters, and/or Spacecraft ($246M), Cars ($63.8M), and Carbon ($32M). During the last 5 years the exports of Hungary to United Arab Emirates have increased at an annualized rate of 43.1%, from $14.4M in 2022 to $667M in 2017.

Exports from United Arab Emirates (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Hungary (Flag)

United Arab Emirates Exports

Hungary Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationIndia$51B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from United Arab Emirates than Hungary included India ($51B), Japan ($40.9B), and China ($32.5B).

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

Difference in imports from Hungary (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Hungary

Flow
Scale

This chart compares trade between United Arab Emirates and Hungary by product, considering products traded by both, United Arab Emirates and Hungary.

During 2022, United Arab Emirates had a large net trade with Hungary in the exports of Machines ($49.4M), Plastics and Rubbers ($7.98M), and Instruments ($7.62M).

During 2017, Hungary had a large net trade with United Arab Emirates in the exports of Transportation ($334M), Machines ($199M), and Chemical Products ($43.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Hungary+$27.3MTelephones
Top Product Potential Hungary United Arab Emirates+$64.3MCars

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

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

Product Space of United Arab Emirates (Flag) and Hungary (Flag) (2022)

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