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2023
Flag → Flag
Exports $204MRnk 72 / 213
2023
Flag → Flag
Top Product $94.9MSynthetic Rubber
2023
Flag → Flag
Exports $117MRnk 59 / 201
2023
Flag → Flag
Top Product $16.8MOther Heating Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Indonesia-Hungary Trade: In 2023, Indonesia exported $204M to Hungary. The main products that Indonesia exported to Hungary were Synthetic Rubber ($94.9M), Electric Heaters ($19.1M), and Other Electrical Machinery ($11.5M). Over the past 5 years the exports of Indonesia to Hungary have increased at an annualized rate of 7.07%, from $145M in 2018 to $204M in 2023.

In 2023, Indonesia did not export any services to Hungary.

Hungary-Indonesia Trade: In 2023, Hungary exported $117M to Indonesia. The main products that Hungary exported to Indonesia were Other Heating Machinery ($16.8M), Wheat ($6.8M), and Computers ($6.23M). Over the past 5 years the exports of Hungary to Indonesia have increased at an annualized rate of 9.45%,  from $74.8M in 2018 to $117M in 2023.

In 2020, Hungary exported services to Indonesia worth $38M, with Computer and information services ($36.7M), Transportation ($571k), and Royalties and license fees ($571k) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $204M to Hungary. The main products exported from Indonesia to Hungary were Synthetic Rubber ($94.9M), Electric Heaters ($19.1M), and Other Electrical Machinery ($11.5M). During the last 5 years the exports of Indonesia to Hungary have increased at an annualized rate of 7.07%, from $145M in 2018 to $204M in 2023.

In 2018, Hungary exported $117M to Indonesia. The main products exported from Hungary to Indonesia were Other Heating Machinery ($16.8M), Wheat ($6.8M), and Computers ($6.23M). During the last 5 years the exports of Hungary to Indonesia have increased at an annualized rate of 9.45%, from $74.8M in 2023 to $117M in 2018.

Exports from Indonesia (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Indonesia (Flag) (2023)

Latest Data

Trade between Indonesia (Flag) and Hungary (Flag)

Indonesia Exports

Hungary Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Indonesia than Hungary included China ($70.7B), India ($24B), and Japan ($23.7B).

In 2023, countries that imported more from Hungary than Indonesia included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

Difference in imports from Hungary (Flag) and Indonesia (Flag) (2023)

Comparative Advantage Indonesia - Hungary

Flow
Scale

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

During 2023, Indonesia had a large net trade with Hungary in the exports of Plastics and Rubbers ($110M), Machines ($70.6M), and Textiles ($7.71M).

During 2018, Hungary had a large net trade with Indonesia in the exports of Machines ($70M), Instruments ($9.53M), and Foodstuffs ($8.36M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Hungary+$18.5MTelephones
Top Product Potential Hungary Indonesia+$25.3MComputers

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 Indonesia worth $38M, with Computer and information services ($36.7M), Transportation ($571k), and Royalties and license fees ($571k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Indonesia (Flag) and Hungary (Flag) (2023)

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