Hungary-Saint Helena Bilateral Trade Analysis 2023
Complete trade statistics: $175,780 total volume •Hungary deficit: $147,834
Hungary → Saint Helena
$13,973
Exports (2023)
Saint Helena → Hungary
$161,807
Imports (2023)
Trade Balance
$147,834
Deficit for Hungary
Total Trade
$175,780
Combined Volume
Trade Flow Visualization
Direct trade relationship between Hungary and Saint Helena. Green line shows exports from Hungary, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Hungary-Saint Helena commercial relationship and competitive positioning in global markets.
Hungary → Saint Helena Exports
Export Market Intelligence
🎯 Strategic Export Focus
Hungary's export portfolio to Saint Helena demonstrates strategic specialization, with magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included representing a key competitive advantage in this bilateral market.
Saint Helena → Hungary Imports
Import Dependency Profile
📦 Import Strategy Analysis
Hungary's import pattern from Saint Helena reveals significant dependencyin electronic integrated circuits: memories, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Hungary demonstrates competitive strength in exportingmagnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included to Saint Helena, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $175,780 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Hungary-Saint Helena Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $175.78 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Hungary maintains a deficit of $147.83 thousand
- Export Focus: Hungary's primary exports include magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included, television cameras, digital cameras and video camera recorders
- Import Dependencies: Key imports from Saint Helena include electronic integrated circuits: memories, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, electrical capacitors: fixed, ceramic dielectric, multilayer
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $175,780 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Hungary leveraging its comparative advantages in magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Hungary's specialization in magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or includedcomplements Saint Helena's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: memories.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $175,780 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $175,780 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $175.78 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included and electronic integrated circuits: memories demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Hungary's trade deficit of $147.83 thousand impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Hungary and Saint Helena represents a total trade volume of $175.78 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Hungary, with imports exceeding exportsby $147.83 thousand.
Export Strengths
Hungary's exports to Saint Helena total $13.97 thousand, with competitive advantages in magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included, representing $12,268 or87.8% of bilateral exports.
Import Dependencies
Imports from Saint Helena amount to $161.81 thousand, highlighting economic interdependence in electronic integrated circuits: memories, with Electronic integrated circuits: memories comprising45.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Hungary's strategic sourcing from Saint Helena. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Hungary and Saint Helena in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023