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2022
Flag → Flag
Exports $232MRnk 51 / 205
2022
Flag → Flag
Top Product $30.7MCars
2022
Flag → Flag
Exports $122MRnk 49 / 186
2022
Flag → Flag
Top Product $71.2MInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
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GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Hungary-Morocco Trade: In 2022, Hungary exported $232M to Morocco. The main products that Hungary exported to Morocco were Cars ($30.7M), Insulated Wire ($28.4M), and Coated Flat-Rolled Iron ($22.4M). Over the past 5 years the exports of Hungary to Morocco have decreased at an annualized rate of 5.46%, from $308M in 2017 to $232M in 2022.

In 2020, Hungary exported services to Morocco worth $2.86M, with Other business services ($2.17M) and Transportation ($685k) being the largest in terms of value.

Morocco-Hungary Trade: In 2022, Morocco exported $122M to Hungary. The main products that Morocco exported to Hungary were Insulated Wire ($71.2M), Cars ($16.1M), and Other Vegetables ($4.98M). Over the past 5 years the exports of Morocco to Hungary have increased at an annualized rate of 20.1%,  from $48.8M in 2017 to $122M in 2022.

In 2022, Morocco 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, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $232M to Morocco. The main products exported from Hungary to Morocco were Cars ($30.7M), Insulated Wire ($28.4M), and Coated Flat-Rolled Iron ($22.4M). During the last 5 years the exports of Hungary to Morocco have decreased at an annualized rate of 5.46%, from $308M in 2017 to $232M in 2022.

In 2017, Morocco exported $122M to Hungary. The main products exported from Morocco to Hungary were Insulated Wire ($71.2M), Cars ($16.1M), and Other Vegetables ($4.98M). During the last 5 years the exports of Morocco to Hungary have increased at an annualized rate of 20.1%, from $48.8M in 2022 to $122M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Morocco (Flag)

Hungary Exports

Morocco Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Morocco
Top DestinationSpain$8.55B

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

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

In 2022, countries that imported more from Morocco than Hungary included Spain ($8.55B), India ($2.99B), and France ($7.92B).

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

Comparative Advantage Hungary - Morocco

Flow
Scale

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

During 2022, Hungary had a large net trade with Morocco in the exports of Machines ($93.8M), Transportation ($34.1M), and Plastics and Rubbers ($27.8M).

During 2017, Morocco had a large net trade with Hungary in the exports of Machines ($78.2M), Transportation ($19.8M), and Vegetable Products ($5.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Morocco+$30MCars
Top Product Potential Morocco Hungary+$21.3MInsulated Wire

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 Hungary and Morocco. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Morocco. Similarly, a dot/product with the flag of Morocco indicates it has a comparative advantage over Hungary.

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

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