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2022
Flag → Flag
Exports $10.5BRnk 52 / 211
2022
Flag → Flag
Top Product $1.09BTelephones
2022
Flag → Flag
Exports $2.89BRnk 16 / 205
2022
Flag → Flag
Top Product $535MNavigation Equipment
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

China-Hungary Trade: In 2022, China exported $10.5B to Hungary. The main products that China exported to Hungary were Telephones ($1.09B), Electric Batteries ($562M), and Broadcasting Equipment ($510M). Over the past 5 years the exports of China to Hungary have increased at an annualized rate of 11.6%, from $6.06B in 2017 to $10.5B in 2022.

In 2022, China did not export any services to Hungary.

Hungary-China Trade: In 2022, Hungary exported $2.89B to China. The main products that Hungary exported to China were Navigation Equipment ($535M), Cars ($358M), and Computers ($129M). Over the past 5 years the exports of Hungary to China have increased at an annualized rate of 0.41%,  from $2.83B in 2017 to $2.89B in 2022.

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 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $954M and imported $370M from Hungary, resulting in a positive trade balance of $584M. Between October 2023 and October 2024 the exports of China have increased by $157M (19.7%) from $797M to $954M, while imports increased by $13.6M (3.8%) from $357M to $370M.

Trade In October 2024, the top exports of China to Hungary were Telephones ($106M), Electric Batteries ($84.1M), Sound Recordings ($38.4M), Artificial Graphite ($37.2M), and Oscilloscopes ($33.9M). In October 2024 the top imports of China from Hungary were Navigation Equipment ($62.3M), Electrical Transformers ($45.3M), Cars ($39.8M), Motor vehicles; parts and accessories (8701... ($35.4M), and Electric Motors ($13.8M).

Origins In October 2024 the exports of China were mainly from Guangdong Province ($310M), Jiangsu Province ($182M), Zhejiang Province ($125M), Shanghai Province ($59.1M), and Sichuan Province ($34.3M), while imports destinations were mainly Beijing ($74.7M), Shanghai Province ($58.5M), Guangdong Province ($54.3M), Jilin Province ($48.9M), and Liaoning Province ($47M).

Growth In October 2024, the increase in China's year-by-year exports to Hungary was explained primarily by an increase in product exports in Electric Batteries ($62.4M or 287%), Oscilloscopes ($33.7M or 18k%), and Artificial Graphite ($22.4M or 151%). In October 2024, the increase in China's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Electric Motors ($10.7M or 336%), Other Measuring Instruments ($6.79M or 133%), and Sanitary towels (pads) ($6.46M or 157%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$157M(19.7%)
IMPORT GROWTH (October 2023 - October 2024)$13.6M(3.8%)
MAIN EXPORTER (October 2024)Guangdong Province$310M

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $10.5B to Hungary. The main products exported from China to Hungary were Telephones ($1.09B), Electric Batteries ($562M), and Broadcasting Equipment ($510M). During the last 5 years the exports of China to Hungary have increased at an annualized rate of 11.6%, from $6.06B in 2017 to $10.5B in 2022.

In 2017, Hungary exported $2.89B to China. The main products exported from Hungary to China were Navigation Equipment ($535M), Cars ($358M), and Computers ($129M). During the last 5 years the exports of Hungary to China have increased at an annualized rate of 0.41%, from $2.83B in 2022 to $2.89B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Hungary
Top DestinationGermany$35.5B

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 2022, countries that imported more from China than Hungary included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Hungary than China included Croatia ($3.19B), Slovakia ($6.78B), and Romania ($7.94B).

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

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 2022, China had a large net trade with Hungary in the exports of Machines ($6.81B), Chemical Products ($778M), and Metals ($476M).

During 2017, Hungary had a large net trade with China in the exports of Machines ($1.56B), Transportation ($445M), and Instruments ($186M).

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.

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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) (2022)

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