2022
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GDP
$281BCURRENT US$
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$179BCURRENT US$
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GDP GROWTH
38.8%CURRENT US$
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GDP PC 
$50,537CURRENT US$
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GDP PC GROWTH
5.93%CURRENT US$
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GDP PC
$18,463CURRENT US$
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GDP PC GROWTH
42.2%CURRENT US$
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About

Finland-Hungary In 2022, Finland exported $271M to Hungary. The main products that Finland exported to Hungary are Kaolin Coated Paper ($46.5M), Integrated Circuits ($14M), and Large Flat-Rolled Stainless Steel ($8.43M). During the last 27 years the exports of Finland to Hungary have increased at an annualized rate of 1.59%, from $177M in 1995 to $271M in 2022.

In 2020, Finland exported services to Hungary worth $62.8M, with Computer and information services ($25.1M), Other business services ($24M), and Transportation ($8M) being the largest in terms of value.

Hungary-Finland In 2022, Hungary exported $506M to Finland. The main products that Hungary exported to Finland were Cars ($45.8M), Motor vehicles; parts and accessories (8701 to 8705) ($37.2M), and Thermostats ($24M). During the last 27 years the exports of Hungary to Finland have increased at an annualized rate of 6.81%, from $85.4M in 1995 to $506M in 2022.

In 2020, Hungary exported services to Finland worth $200M, with Other business services ($148M), Transportation ($20.9M), and Travel ($20.2M) being the largest in terms of value.

Comparison In 2022,  Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $271M to Hungary. The main products exported from Finland to Hungary were Kaolin Coated Paper ($46.5M), Integrated Circuits ($14M), and Large Flat-Rolled Stainless Steel ($8.43M). During the last 27 years the exports of Finland to Hungary have increased at an annualized rate of 1.59%, from $177M in 1995 to $271M in 2022.

In 2022, Hungary exported $506M to Finland. The main products exported from Hungary to Finland were Cars ($45.8M), Motor vehicles; parts and accessories (8701 to 8705) ($37.2M), and Thermostats ($24M). During the last 27 years the exports of Hungary to Finland have increased at an annualized rate of 6.81%, from $85.4M in 1995 to $506M in 2022.

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

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

Latest Data

Trade between Finland (Flag) and Hungary (Flag)

Finland Exports

Hungary Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Hungary
Top Destination
Germany$35.5B

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

In 2021, countries that imported more from Finland than Hungary were Sweden ($9.1B), United States ($9.17B), and Estonia ($3.58B).

In 2021, countries that imported more from Hungary than Finland were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

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

Comparative Advantage Finland - Hungary

Flow
Scale

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

During 2022, Finland had a large net trade with Hungary in the exports of Machines ($82.9M), Paper Goods ($69.3M), and Metals ($30.8M).

During 2022, Hungary had a large net trade with Finland in the exports of Machines ($192M), Transportation ($107M), and Instruments ($47.9M).

Service Trade

Bilateral Service Trade

In 2020, Finland exported services to Hungary worth $62.8M, with Computer and information services ($25.1M), Other business services ($24M), and Transportation ($8M) being the largest in terms of value.

In 2020, Hungary exported services to Finland worth $200M, with Other business services ($148M), Transportation ($20.9M), and Travel ($20.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Hungary (Flag) to Finland (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 Finland has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Finland.

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

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