Iraq (IRQ) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Iraq-Hungary Trade: In 2022, Iraq exported $570k to Hungary. The main products that Iraq exported to Hungary were Broadcasting Equipment ($393k), Telephones ($53.7k), and Other Edible Preparations ($34.6k). Over the past 5 years the exports of Iraq to Hungary have decreased at an annualized rate of 69.3%, from $208M in 2017 to $570k in 2022.

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

Hungary-Iraq Trade: In 2022, Hungary exported $57M to Iraq. The main products that Hungary exported to Iraq were Other Edible Preparations ($28.3M), Gas Turbines ($4.49M), and Cheese ($4.35M). Over the past 5 years the exports of Hungary to Iraq have increased at an annualized rate of 2.84%, from $49.6M in 2017 to $57M in 2022.

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

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $570k to Hungary. The main products exported from Iraq to Hungary were Broadcasting Equipment ($393k), Telephones ($53.7k), and Other Edible Preparations ($34.6k). During the last 5 years the exports of Iraq to Hungary have decreased at an annualized rate of 69.3%, from $208M in 2017 to $570k in 2022.

In 2017, Hungary exported $57M to Iraq. The main products exported from Hungary to Iraq were Other Edible Preparations ($28.3M), Gas Turbines ($4.49M), and Cheese ($4.35M). During the last 5 years the exports of Hungary to Iraq have increased at an annualized rate of 2.84%, from $49.6M in 2022 to $57M in 2017.

Exports from Iraq () to Hungary () (2022)

Exports from Hungary () to Iraq () (2022)

Latest Data

Trade between Iraq () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Iraq than Hungary included India ($38.8B), China ($34B), and South Korea ($8.21B).

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

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

Comparative Advantage Iraq - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Hungary in the exports of Machines ($532k), Foodstuffs ($34.6k), and Transportation ($2.84k).

During 2017, Hungary had a large net trade with Iraq in the exports of Foodstuffs ($29.6M), Machines ($13.1M), and Animal Products ($5.42M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Hungary+$457kTelephones

Top Product Potential Hungary Iraq+$6MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Hungary () (2022)

Exports from Hungary () to Iraq () (2022)

Latest Data

Trade between Iraq () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Iraq - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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