2021
Flag  
GDP
$17.8TCURRENT US$
Rnk 2 / 204
2011-2021
Flag
GDP GROWTH
136%CURRENT US$
Rnk 6 / 204
2021
Flag
 GDP
$182BCURRENT US$
Rnk 55 / 204
2011-2021
Flag
GDP GROWTH
28.4%CURRENT US$
Rnk 96 / 204
2021
Flag
GDP PC 
$12,618CURRENT US$
Rnk 75 / 204
2011-2021
Flag
GDP PC GROWTH
125%CURRENT US$
Rnk 5 / 204
2021
Flag
GDP PC
$18,772CURRENT US$
Rnk 61 / 204
2011-2021
Flag
GDP PC GROWTH
31.9%CURRENT US$
Rnk 57 / 204

About

China-Hungary In 2021, China exported $10.8B to Hungary. The main products that China exported to Hungary are LCDs ($1.17B), Telephones ($1.13B), and Broadcasting Accessories ($718M). During the last 26 years the exports of China to Hungary have increased at an annualized rate of 15.4%, from $262M in 1995 to $10.8B in 2021.

In 2021, China did not export any services to Hungary.

Hungary-China In 2021, Hungary exported $2.63B to China. The main products that Hungary exported to China were Cars ($400M), Computers ($114M), and Electrical Transformers ($97.9M). During the last 26 years the exports of Hungary to China have increased at an annualized rate of 17.6%, from $38.5M in 1995 to $2.63B in 2021.

In 2020, Hungary exported services to China worth $184M, with Other business services ($67.4M), Travel ($53.6M), and Transportation ($41.5M) being the largest in terms of value.

Comparison In 2021,  China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, China exported $10.8B to Hungary. The main products exported from China to Hungary were LCDs ($1.17B), Telephones ($1.13B), and Broadcasting Accessories ($718M). During the last 26 years the exports of China to Hungary have increased at an annualized rate of 15.4%, from $262M in 1995 to $10.8B in 2021.

In 2021, Hungary exported $2.63B to China. The main products exported from Hungary to China were Cars ($400M), Computers ($114M), and Electrical Transformers ($97.9M). During the last 26 years the exports of Hungary to China have increased at an annualized rate of 17.6%, from $38.5M in 1995 to $2.63B in 2021.

Exports from China (Flag) to Hungary (Flag) (2021)

Exports from Hungary (Flag) to China (Flag) (2021)

Market Competitiveness

Color
China
Top Destination
United States$530B
Hungary
Top Destination
Germany$35.7B

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

In 2021, countries that imported more from China than Hungary were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2021, countries that imported more from Hungary than China were Croatia ($2.52B), Slovakia ($6.42B), and Romania ($7.25B).

Difference in imports from Hungary (Flag) and China (Flag) (2021)

Comparative Advantage China - Hungary

Flow
Scale

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

During 2021, China had a large net trade with Hungary in the exports of Machines ($6.43B), Instruments ($1.52B), and Chemical Products ($694M).

During 2021, Hungary had a large net trade with China in the exports of Machines ($1.18B), Transportation ($507M), and Metals ($164M).

Service Trade

Bilateral Service Trade

In 2020, Hungary exported services to China worth $184M, with Other business services ($67.4M), Travel ($53.6M), and Transportation ($41.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to China (Flag) (2020)

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 China has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over China.

Product Space of China (Flag) and Hungary (Flag) (2021)

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