2023
Flag  
GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH
56.5%CURRENT US$
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2023
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 GDP
$381BCURRENT US$
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2013-2023
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GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC 
$22,142CURRENT US$
Rnk 58 / 195
2013-2023
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GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Hungary-Hong Kong Trade: In 2023, Hungary exported $551M to Hong Kong. The main products that Hungary exported to Hong Kong were Broadcasting Equipment ($141M), Cars ($102M), and Electrical Transformers ($87M). Over the past 5 years the exports of Hungary to Hong Kong have increased at an annualized rate of 8.99%, from $358M in 2018 to $551M in 2023.

In 2020, Hungary exported services to Hong Kong worth $131M, with Royalties and license fees ($66.7M), Transportation ($26.6M), and Other business services ($26M) being the largest in terms of value.

Hong Kong-Hungary Trade: In 2023, Hong Kong exported $1.48B to Hungary. The main products that Hong Kong exported to Hungary were Office Machine Parts ($238M), Printed Circuit Boards ($194M), and Integrated Circuits ($180M). Over the past 5 years the exports of Hong Kong to Hungary have increased at an annualized rate of 7.89%,  from $940M in 2018 to $1.48B in 2023.

In 2023, Hong Kong did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $551M to Hong Kong. The main products exported from Hungary to Hong Kong were Broadcasting Equipment ($141M), Cars ($102M), and Electrical Transformers ($87M). During the last 5 years the exports of Hungary to Hong Kong have increased at an annualized rate of 8.99%, from $358M in 2018 to $551M in 2023.

In 2018, Hong Kong exported $1.48B to Hungary. The main products exported from Hong Kong to Hungary were Office Machine Parts ($238M), Printed Circuit Boards ($194M), and Integrated Circuits ($180M). During the last 5 years the exports of Hong Kong to Hungary have increased at an annualized rate of 7.89%, from $940M in 2023 to $1.48B in 2018.

Exports from Hungary (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Hong Kong (Flag)

Hungary Exports

Hong Kong Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$37.4B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Hungary than Hong Kong included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, countries that imported more from Hong Kong than Hungary included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - Hong Kong

Flow
Scale

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

During 2023, Hungary had a large net trade with Hong Kong in the exports of Machines ($393M), Transportation ($109M), and Instruments ($11.9M).

During 2018, Hong Kong had a large net trade with Hungary in the exports of Machines ($1.34B), Instruments ($52.5M), and Miscellaneous ($23.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Hong Kong+$78.4MTelephones
Top Product Potential Hong Kong Hungary+$38MTelephones

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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Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Hong Kong (Flag) (2023)

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