Hungary (HUN) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Hungary-Denmark In 2022, Hungary exported $918M to Denmark. The main products that Hungary exported to Denmark are Cars ($130M), Packaged Medicaments ($58.2M), and Liquid Pumps ($44.1M). During the last 27 years the exports of Hungary to Denmark have increased at an annualized rate of 9.9%, from $71.8M in 1995 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.

Denmark-Hungary 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). During the last 27 years the exports of Denmark to Hungary have increased at an annualized rate of 6.65%, from $131M in 1995 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.

Comparison In 2022, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of Hungary to Denmark have increased at an annualized rate of 9.9%, from $71.8M in 1995 to $918M in 2022.

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 27 years the exports of Denmark to Hungary have increased at an annualized rate of 6.65%, from $131M in 1995 to $748M in 2022.

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

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

Latest Data

Trade between Hungary () and Denmark ()

Hungary Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Denmark
Top DestinationGermany$18.9B

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

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

In 2021, countries that imported more from Denmark than Hungary were Sweden ($11.6B), United States ($13.1B), and Norway ($6.53B).

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

Comparative Advantage Hungary - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Denmark in the exports of Machines ($263M), Transportation ($152M), and Chemical Products ($136M).

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).

Service Trade

Bilateral Service Trade

Dnk Year

Hun Year

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.

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.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

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 Hungary has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Hungary.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hungary () and Denmark ()

Hungary Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Hungary - Denmark

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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