NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $10.2BRnk 50 / 208
2023
Flag → Flag
Top Product $781MTelephones
2023
Flag → Flag
Exports $3.34BRnk 14 / 201
2023
Flag → Flag
Top Product $495MNavigation Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

China-Hungary Trade: In 2023, China exported $10.2B to Hungary. The main products that China exported to Hungary were Telephones ($781M), Electric Batteries ($693M), and Office Machine Parts ($426M). Over the past 5 years the exports of China to Hungary have increased at an annualized rate of 8.18%, from $6.87B in 2018 to $10.2B in 2023.

In 2023, China did not export any services to Hungary.

Hungary-China Trade: In 2023, Hungary exported $3.34B to China. The main products that Hungary exported to China were Navigation Equipment ($495M), Electrical Transformers ($352M), and Motor vehicles; parts and accessories (8701 to 8705) ($154M). Over the past 5 years the exports of Hungary to China have increased at an annualized rate of 1.23%,  from $3.14B in 2018 to $3.34B in 2023.

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 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $1.04B and imported $333M from Hungary, resulting in a positive trade balance of $712M. Between December 2023 and December 2024 the exports of China have increased by $239M (29.6%) from $806M to $1.04B, while imports decreased by $-60.2M (-15.3%) from $393M to $333M.

Trade In December 2024, the top exports of China to Hungary were Telephones ($110M), Commodities not elsewhere specified ($49.6M), Electric Batteries ($38.9M), Sound Recordings ($35.6M), and Motor vehicles; parts and accessories (8701... ($32.4M). In December 2024 the top imports of China from Hungary were Electrical Transformers ($46M), Motor vehicles; parts and accessories (8701... ($35.4M), Navigation Equipment ($27.3M), Thermostats ($27.1M), and Telephones ($22.9M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($311M), Jiangsu Province ($175M), Zhejiang Province ($142M), Fujian Province ($46.3M), and Shanghai Province ($43.8M), while imports destinations were mainly Beijing ($67.7M), Jilin Province ($53.9M), Shanghai Province ($52.7M), Guangdong Province ($49.3M), and Jiangsu Province ($35.3M).

Growth In December 2024, the increase in China's year-by-year exports to Hungary was explained primarily by an increase in product exports in Commodities not elsewhere specified ($26.9M or 118%), Broadcasting Accessories ($8.05M or 40.2%), and Air Pumps ($6.2M or 41%). In December 2024, the decrease in China's year-by-year imports  from Hungary was explained primarily by an decrease in product imports  in Navigation Equipment ($-35M or -56.2%), Cars ($-29.5M or -74.1%), and Electric Motors ($-9.39M or -67.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$239M(29.6%)
IMPORT GROWTH (December 2023 - December 2024)$-60.2M(-15.3%)
MAIN EXPORTER (December 2024)Guangdong Province$311M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Hungary and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and China Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $10.2B to Hungary. The main products exported from China to Hungary were Telephones ($781M), Electric Batteries ($693M), and Office Machine Parts ($426M). During the last 5 years the exports of China to Hungary have increased at an annualized rate of 8.18%, from $6.87B in 2018 to $10.2B in 2023.

In 2018, Hungary exported $3.34B to China. The main products exported from Hungary to China were Navigation Equipment ($495M), Electrical Transformers ($352M), and Motor vehicles; parts and accessories (8701 to 8705) ($154M). During the last 5 years the exports of Hungary to China have increased at an annualized rate of 1.23%, from $3.14B in 2023 to $3.34B in 2018.

Exports from China (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Hungary
Top DestinationGermany$37.4B

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 2023, countries that imported more from China than Hungary included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Hungary than China included Croatia ($2.72B), Romania ($8.43B), and Saint Martin ($1.49M).

Difference in imports from Hungary (Flag) and China (Flag) (2023)

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 2023, China had a large net trade with Hungary in the exports of Machines ($6.24B), Chemical Products ($910M), and Metals ($543M).

During 2018, Hungary had a large net trade with China in the exports of Machines ($1.98B), Transportation ($330M), and Instruments ($300M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Hungary+$456MTelephones
Top Product Potential Hungary China+$378MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Hungary. This means that a dot/product with the flag of China indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over China.

Product Space of China (Flag) and Hungary (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms