2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$18.9BCURRENT US$
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2012-2022
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GDP GROWTH
53.3%CURRENT US$
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2022
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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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2022
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GDP PC
$6,803CURRENT US$
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2012-2022
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GDP PC GROWTH
60.2%CURRENT US$
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About

Hungary-Albania In 2022, Hungary exported $97.5M to Albania. The main products that Hungary exported to Albania are Packaged Medicaments ($12.4M), Seed Oils ($8.31M), and Broadcasting Equipment ($6.73M). During the last 27 years the exports of Hungary to Albania have increased at an annualized rate of 11.3%, from $5.47M in 1995 to $97.5M in 2022.

In 2002, Hungary exported services to Albania worth $29.4k, with Government services, n.i.e. ($16.8k) and Other business services ($12.6k) being the largest in terms of value.

Albania-Hungary In 2022, Albania exported $26.8M to Hungary. The main products that Albania exported to Hungary were Leather Footwear ($10.6M), Knit Women's Undergarments ($3.08M), and Footwear Parts ($2.11M). During the last 27 years the exports of Albania to Hungary have increased at an annualized rate of 15.5%, from $546k in 1995 to $26.8M in 2022.

In 2017, Albania exported services to Hungary worth $9.6M, with Other business services ($4.97M), Travel ($3.61M), and Computer and information services ($565k) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $97.5M to Albania. The main products exported from Hungary to Albania were Packaged Medicaments ($12.4M), Seed Oils ($8.31M), and Broadcasting Equipment ($6.73M). During the last 27 years the exports of Hungary to Albania have increased at an annualized rate of 11.3%, from $5.47M in 1995 to $97.5M in 2022.

In 2022, Albania exported $26.8M to Hungary. The main products exported from Albania to Hungary were Leather Footwear ($10.6M), Knit Women's Undergarments ($3.08M), and Footwear Parts ($2.11M). During the last 27 years the exports of Albania to Hungary have increased at an annualized rate of 15.5%, from $546k in 1995 to $26.8M in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Albania (Flag)

Hungary Exports

Albania Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Albania
Top Destination
Italy$1.75B

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

In 2021, countries that imported more from Hungary than Albania were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2021, countries that imported more from Albania than Hungary were Montenegro ($80.8M), Malta ($27.4M), and Senegal ($7.9M).

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

Comparative Advantage Hungary - Albania

Flow
Scale

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

During 2022, Hungary had a large net trade with Albania in the exports of Machines ($29.4M), Chemical Products ($14.7M), and Animal Products ($8.79M).

During 2022, Albania had a large net trade with Hungary in the exports of Footwear and Headwear ($13M), Textiles ($7.76M), and Vegetable Products ($3.3M).

Service Trade

Bilateral Service Trade

Hun Year

In 2002, Hungary exported services to Albania worth $29.4k, with Government services, n.i.e. ($16.8k) and Other business services ($12.6k) being the largest in terms of value.

In 2017, Albania exported services to Hungary worth $9.6M, with Other business services ($4.97M), Travel ($3.61M), and Computer and information services ($565k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Albania (Flag) (2002)

Services Exports from Albania (Flag) to Hungary (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Albania. Similarly, the more yellow a dot/product is, the more Albania has comparative advantage over Hungary.

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

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