China (CHN) and Hungary (HUN) Trade

About

China-Hungary: In 2018, China exported $6.67B to Hungary. The main products that China exported to Hungary are Telephones ($738M), Office Machine Parts ($689M), and LCDs ($388M). During the last 23 years the exports of China to Hungary have increased at an annualized rate of 17.7%, from $156M in 1995 to $6.67B in 2018.

In 2018, China did not exported services to Hungary.

Hungary-China: In 2018, Hungary exported $2.5B to China . The main products that Hungary exported to China were Cars ($630M), Packaged Medicaments ($99M), and Vehicle Parts ($95.6M). During the last 23 years the exports of China to Hungary have increased at an annualized rate of 17.7%, from $156M in 1995 to $6.67B in 2018.

In 2017, Hungary exported services to China worth $184M, with Travel ($81.6M), Transportation ($60.5M), and Other business services ($33.8M) being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.44), and 35 in total exports ($122B).

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, China exported $6.67B to Hungary. The main products exported from China to Hungary were Telephones ($738M), Office Machine Parts ($689M), and LCDs ($388M). During the last 23 years the exports of China to Hungary have increased at an annualized rate of 17.7%, from $156M in 1995 to $6.67B in 2018.

In 2018, Hungary exported $2.5B to China. The main products exported from Hungary to China were Cars ($630M), Packaged Medicaments ($99M), and Vehicle Parts ($95.6M). During the last 23 years the exports of Hungary to China have increased at an annualized rate of 19.6%, from $40.5M in 1995 to $2.5B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

China
Top Destination: United States, $499B

Hungary
Top Destination: Germany, $32.6B

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 2018, countries that imported more from China than Hungary were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Hungary than China were Slovakia ($5.76B), Romania ($6.18B), and Croatia ($2.15B).

Comparative Advantage China - Hungary

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Depth

Year

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

During 2018, China had a large net trade with Hungary in the exports of Machines ($4.29B), Instruments ($590M), and Textiles ($494M).

During 2018, Hungary had a large net trade with China in the exports of Machines ($934M), Transportation ($748M), and Instruments ($223M).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between China and Hungary (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Hungary were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2017, the products from Hungary that paid the highest import tariffs to enter China were Sugar beet (178%) and Whey (173%).

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*The tariffs present between China and Hungary are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Service Trade

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Bilateral Service Trade

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Hun Year

In 2017, Hungary exported services to China worth $184M, with Travel ($81.6M), Transportation ($60.5M), and Other business services ($33.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage China - Hungary

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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