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2022
Flag → Flag
Exports $748MRnk 27 / 218
2022
Flag → Flag
Top Product $94MPackaged Medicaments
2022
Flag → Flag
Exports $918MRnk 26 / 205
2022
Flag → Flag
Top Product $130MCars
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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 $66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Denmark-Hungary Trade: In 2022, Denmark exported $748M to Hungary. The main products that Denmark exported to Hungary were Packaged Medicaments ($94M), Liquid Pumps ($45.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). Over the past 5 years the exports of Denmark to Hungary have increased at an annualized rate of 3.44%, from $632M in 2017 to $748M in 2022.

In 2020, Denmark exported services to Hungary worth $239M, with Transportation ($144M), Other business services ($35.4M), and Travel ($20.2M) being the largest in terms of value.

Hungary-Denmark Trade: In 2022, Hungary exported $918M to Denmark. The main products that Hungary exported to Denmark were Cars ($130M), Packaged Medicaments ($58.2M), and Liquid Pumps ($44.1M). Over the past 5 years the exports of Hungary to Denmark have increased at an annualized rate of 1.23%,  from $864M in 2017 to $918M in 2022.

In 2020, Hungary exported services to Denmark worth $367M, with Computer and information services ($117M), Other business services ($114M), and Transportation ($107M) being the largest in terms of value.

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $748M to Hungary. The main products exported from Denmark to Hungary were Packaged Medicaments ($94M), Liquid Pumps ($45.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). During the last 5 years the exports of Denmark to Hungary have increased at an annualized rate of 3.44%, from $632M in 2017 to $748M in 2022.

In 2017, Hungary exported $918M to Denmark. The main products exported from Hungary to Denmark were Cars ($130M), Packaged Medicaments ($58.2M), and Liquid Pumps ($44.1M). During the last 5 years the exports of Hungary to Denmark have increased at an annualized rate of 1.23%, from $864M in 2022 to $918M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Hungary (Flag)

Denmark Exports

Hungary Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Denmark than Hungary included Sweden ($11.6B), United States ($13.1B), and Norway ($6.53B).

In 2022, countries that imported more from Hungary than Denmark included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

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

Comparative Advantage Denmark - Hungary

Flow
Scale

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

During 2022, Denmark had a large net trade with Hungary in the exports of Machines ($234M), Chemical Products ($154M), and Plastics and Rubbers ($94.6M).

During 2017, Hungary had a large net trade with Denmark in the exports of Machines ($263M), Transportation ($152M), and Chemical Products ($136M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Hungary+$46.1MPackaged Medicaments
Top Product Potential Hungary Denmark+$58.7MCars

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, Denmark exported services to Hungary worth $239M, with Transportation ($144M), Other business services ($35.4M), and Travel ($20.2M) being the largest in terms of value.

In 2020, Hungary exported services to Denmark worth $367M, with Computer and information services ($117M), Other business services ($114M), and Transportation ($107M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Denmark (Flag) and Hungary (Flag) (2022)

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