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2022
Flag → Flag
Exports $569kRnk 172 / 205
2022
Flag → Flag
Top Product $128kDried Legumes
2022
Flag → Flag
Exports $801kRnk 81 / 157
2022
Flag → Flag
Top Product $159kVideo Displays
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 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$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Hungary-Madagascar Trade: In 2022, Hungary exported $569k to Madagascar. The main products that Hungary exported to Madagascar were Dried Legumes ($128k), Gas and Liquid Flow Measuring Instruments ($123k), and Vaccines, blood, antisera, toxins and cultures ($114k). Over the past 5 years the exports of Hungary to Madagascar have decreased at an annualized rate of 32.8%, from $4.16M in 2017 to $569k in 2022.

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

Madagascar-Hungary Trade: In 2022, Madagascar exported $801k to Hungary. The main products that Madagascar exported to Hungary were Video Displays ($159k), Precious Stones ($145k), and Other Stone Articles ($139k). Over the past 5 years the exports of Madagascar to Hungary have increased at an annualized rate of 62.2%,  from $71.3k in 2017 to $801k in 2022.

In 2022, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $569k to Madagascar. The main products exported from Hungary to Madagascar were Dried Legumes ($128k), Gas and Liquid Flow Measuring Instruments ($123k), and Vaccines, blood, antisera, toxins and cultures ($114k). During the last 5 years the exports of Hungary to Madagascar have decreased at an annualized rate of 32.8%, from $4.16M in 2017 to $569k in 2022.

In 2017, Madagascar exported $801k to Hungary. The main products exported from Madagascar to Hungary were Video Displays ($159k), Precious Stones ($145k), and Other Stone Articles ($139k). During the last 5 years the exports of Madagascar to Hungary have increased at an annualized rate of 62.2%, from $71.3k in 2022 to $801k in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Madagascar (Flag)

Hungary Exports

Madagascar Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Madagascar
Top DestinationUnited States$756M

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

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

In 2022, countries that imported more from Madagascar than Hungary included Indonesia ($147M), Mauritius ($44.7M), and Comoros ($7.03M).

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

Comparative Advantage Hungary - Madagascar

Flow
Scale

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

During 2022, Hungary had a large net trade with Madagascar in the exports of Vegetable Products ($128k), Instruments ($126k), and Chemical Products ($116k).

During 2017, Madagascar had a large net trade with Hungary in the exports of Machines ($247k), Precious Metals ($238k), and Stone And Glass ($164k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Madagascar+$246kVaccines, blood, antisera, toxins and cultures
Top Product Potential Madagascar Hungary+$216kTelephones

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

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

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