Uzbekistan (UZB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Uzbekistan-Hungary Trade: In 2022, Uzbekistan exported $3.4M to Hungary. The main products that Uzbekistan exported to Hungary were Insulated Wire ($1.55M), Recovered Paper Pulp ($443k), and Glass Bottles ($303k). Over the past 5 years the exports of Uzbekistan to Hungary have increased at an annualized rate of 85.8%, from $154k in 2017 to $3.4M in 2022.

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

Hungary-Uzbekistan Trade: In 2022, Hungary exported $93M to Uzbekistan. The main products that Hungary exported to Uzbekistan were Packaged Medicaments ($42.7M), Other Office Machines ($16.9M), and Poultry ($8.97M). Over the past 5 years the exports of Hungary to Uzbekistan have increased at an annualized rate of 8.88%, from $60.8M in 2017 to $93M in 2022.

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

Comparison: In 2022, Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B). 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, Uzbekistan exported $3.4M to Hungary. The main products exported from Uzbekistan to Hungary were Insulated Wire ($1.55M), Recovered Paper Pulp ($443k), and Glass Bottles ($303k). During the last 5 years the exports of Uzbekistan to Hungary have increased at an annualized rate of 85.8%, from $154k in 2017 to $3.4M in 2022.

In 2017, Hungary exported $93M to Uzbekistan. The main products exported from Hungary to Uzbekistan were Packaged Medicaments ($42.7M), Other Office Machines ($16.9M), and Poultry ($8.97M). During the last 5 years the exports of Hungary to Uzbekistan have increased at an annualized rate of 8.88%, from $60.8M in 2022 to $93M in 2017.

Exports from Uzbekistan () to Hungary () (2022)

Exports from Hungary () to Uzbekistan () (2022)

Latest Data

Trade between Uzbekistan () and Hungary ()

Uzbekistan Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$4.29B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Uzbekistan than Hungary included Switzerland ($4.29B), Russia ($2.6B), and Kazakhstan ($1.25B).

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

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

Comparative Advantage Uzbekistan - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uzbekistan had a large net trade with Hungary in the exports of Machines ($1.79M), Textiles ($634k), and Paper Goods ($443k).

During 2017, Hungary had a large net trade with Uzbekistan in the exports of Chemical Products ($48.2M), Machines ($21.8M), and Animal Products ($10.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Hungary+$1.06MInsulated Wire

Top Product Potential Hungary Uzbekistan+$6.03MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Hungary () (2022)

Exports from Hungary () to Uzbekistan () (2022)

Latest Data

Trade between Uzbekistan () and Hungary ()

Uzbekistan Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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