2022
Flag  
GDP
$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH
-12.1%CURRENT US$
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2022
Flag
 GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH
13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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About

Ukraine-Hungary Trade: In 2022, Ukraine exported $2.28B to Hungary. The main products that Ukraine exported to Hungary were Electric Heaters ($427M), Corn ($338M), and Sunflower Seeds ($182M). Over the past 5 years the exports of Ukraine to Hungary have increased at an annualized rate of 3.8%, from $1.89B in 2017 to $2.28B in 2022.

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

Hungary-Ukraine Trade: In 2022, Hungary exported $2.08B to Ukraine. The main products that Hungary exported to Ukraine were Petroleum Gas ($396M), Insulated Wire ($154M), and Refined Petroleum ($123M). Over the past 5 years the exports of Hungary to Ukraine have increased at an annualized rate of 2.13%,  from $1.88B in 2017 to $2.08B in 2022.

In 2002, Hungary exported services to Ukraine worth $5.99M, with Other business services ($3.19M), Transportation ($1.38M), and Government services, n.i.e. ($375k) being the largest in terms of value.

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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, Ukraine exported $2.28B to Hungary. The main products exported from Ukraine to Hungary were Electric Heaters ($427M), Corn ($338M), and Sunflower Seeds ($182M). During the last 5 years the exports of Ukraine to Hungary have increased at an annualized rate of 3.8%, from $1.89B in 2017 to $2.28B in 2022.

In 2017, Hungary exported $2.08B to Ukraine. The main products exported from Hungary to Ukraine were Petroleum Gas ($396M), Insulated Wire ($154M), and Refined Petroleum ($123M). During the last 5 years the exports of Hungary to Ukraine have increased at an annualized rate of 2.13%, from $1.88B in 2022 to $2.08B in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Hungary (Flag)

Ukraine Exports

Hungary Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$6.7B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Ukraine than Hungary included Turkey ($3.02B), Egypt ($1.11B), and Moldova ($929M).

In 2022, countries that imported more from Hungary than Ukraine included Germany ($35.5B), Italy ($8.02B), and Austria ($6.32B).

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

Comparative Advantage Ukraine - Hungary

Flow
Scale

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

During 2022, Ukraine had a large net trade with Hungary in the exports of Machines ($886M), Vegetable Products ($680M), and Mineral Products ($202M).

During 2017, Hungary had a large net trade with Ukraine in the exports of Machines ($693M), Mineral Products ($529M), and Chemical Products ($214M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Hungary+$33.2MInsulated Wire
Top Product Potential Hungary Ukraine+$69.7MCars

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

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

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