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2022
Flag → Flag
Exports $5.14BRnk 10 / 205
2022
Flag → Flag
Top Product $740MComputers
2022
Flag → Flag
Exports $5.92BRnk 20 / 224
2022
Flag → Flag
Top Product $451MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Hungary-Netherlands Trade: In 2022, Hungary exported $5.14B to Netherlands. The main products that Hungary exported to Netherlands were Computers ($740M), Office Machine Parts ($427M), and Cars ($365M). Over the past 5 years the exports of Hungary to Netherlands have increased at an annualized rate of 5.97%, from $3.85B in 2017 to $5.14B in 2022.

In 2020, Hungary exported services to Netherlands worth $840M, with Other business services ($345M), Transportation ($276M), and Royalties and license fees ($72.4M) being the largest in terms of value.

Netherlands-Hungary Trade: In 2022, Netherlands exported $5.92B to Hungary. The main products that Netherlands exported to Hungary were Office Machine Parts ($451M), Vaccines, blood, antisera, toxins and cultures ($332M), and Packaged Medicaments ($302M). Over the past 5 years the exports of Netherlands to Hungary have increased at an annualized rate of 5.21%,  from $4.59B in 2017 to $5.92B in 2022.

In 2020, Netherlands exported services to Hungary worth $995M, with Other business services ($461M), Transportation ($217M), and Royalties and license fees ($156M) being the largest in terms of value.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $5.14B to Netherlands. The main products exported from Hungary to Netherlands were Computers ($740M), Office Machine Parts ($427M), and Cars ($365M). During the last 5 years the exports of Hungary to Netherlands have increased at an annualized rate of 5.97%, from $3.85B in 2017 to $5.14B in 2022.

In 2017, Netherlands exported $5.92B to Hungary. The main products exported from Netherlands to Hungary were Office Machine Parts ($451M), Vaccines, blood, antisera, toxins and cultures ($332M), and Packaged Medicaments ($302M). During the last 5 years the exports of Netherlands to Hungary have increased at an annualized rate of 5.21%, from $4.59B in 2022 to $5.92B in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Netherlands (Flag)

Hungary Exports

Netherlands Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from Hungary than Netherlands included Slovakia ($6.78B), Romania ($7.94B), and Serbia ($3.42B).

In 2022, countries that imported more from Netherlands than Hungary included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Hungary - Netherlands

Flow
Scale

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

During 2022, Hungary had a large net trade with Netherlands in the exports of Machines ($2.97B), Transportation ($596M), and Plastics and Rubbers ($312M).

During 2017, Netherlands had a large net trade with Hungary in the exports of Machines ($2.21B), Chemical Products ($1.18B), and Metals ($544M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Netherlands+$139MCars
Top Product Potential Netherlands Hungary+$67MRefined Petroleum

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 Netherlands worth $840M, with Other business services ($345M), Transportation ($276M), and Royalties and license fees ($72.4M) being the largest in terms of value.

In 2020, Netherlands exported services to Hungary worth $995M, with Other business services ($461M), Transportation ($217M), and Royalties and license fees ($156M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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