Hungary (HUN) and Senegal (SEN) Trade | The Observatory of Economic Complexity

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Hungary-Senegal Trade: In 2022, Hungary exported $7.58M to Senegal. The main products that Hungary exported to Senegal were Cars ($1.65M), Scented Mixtures ($1.29M), and Used Clothing ($1.04M). Over the past 5 years the exports of Hungary to Senegal have decreased at an annualized rate of 16.4%, from $18.6M in 2017 to $7.58M in 2022.

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

Senegal-Hungary Trade: In 2022, Senegal exported $203k to Hungary. The main products that Senegal exported to Hungary were Broadcasting Equipment ($193k), Rubberworking Machinery ($7k), and Office Machine Parts ($637). Over the past 5 years the exports of Senegal to Hungary have increased at an annualized rate of 3.41%, from $172k in 2017 to $203k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $7.58M to Senegal. The main products exported from Hungary to Senegal were Cars ($1.65M), Scented Mixtures ($1.29M), and Used Clothing ($1.04M). During the last 5 years the exports of Hungary to Senegal have decreased at an annualized rate of 16.4%, from $18.6M in 2017 to $7.58M in 2022.

In 2017, Senegal exported $203k to Hungary. The main products exported from Senegal to Hungary were Broadcasting Equipment ($193k), Rubberworking Machinery ($7k), and Office Machine Parts ($637). During the last 5 years the exports of Senegal to Hungary have increased at an annualized rate of 3.41%, from $172k in 2022 to $203k in 2017.

Exports from Hungary () to Senegal () (2022)

Exports from Senegal () to Hungary () (2022)

Latest Data

Trade between Hungary () and Senegal ()

Hungary Exports

Date

Senegal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Senegal
Top DestinationMali$1.13B

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

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

In 2022, countries that imported more from Senegal than Hungary included Mali ($1.13B), India ($1B), and Guinea ($182M).

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

Comparative Advantage Hungary - Senegal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Senegal in the exports of Transportation ($2.23M), Chemical Products ($2.17M), and Machines ($1.21M).

During 2017, Senegal had a large net trade with Hungary in the exports of Machines ($202k), Transportation ($1.05k), and Paper Goods ($111).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Senegal+$2.72MCars

Top Product Potential Senegal Hungary+$259kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Senegal () (2022)

Exports from Senegal () to Hungary () (2022)

Latest Data

Trade between Hungary () and Senegal ()

Hungary Exports

Senegal Exports

Market Competitiveness

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

Comparative Advantage Hungary - Senegal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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