NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $1.78BRnk 39 / 211
2023
Flag → Flag
Top Product $264MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $1.16BRnk 25 / 201
2023
Flag → Flag
Top Product $329MCars
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Japan-Hungary Trade: In 2023, Japan exported $1.78B to Hungary. The main products that Japan exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($264M), Spark-Ignition Engines ($183M), and Cars ($154M). Over the past 5 years the exports of Japan to Hungary have increased at an annualized rate of 3.46%, from $1.5B in 2018 to $1.78B in 2023.

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

Hungary-Japan Trade: In 2023, Hungary exported $1.16B to Japan. The main products that Hungary exported to Japan were Cars ($329M), Motor vehicles; parts and accessories (8701 to 8705) ($98.1M), and Computers ($55.4M). Over the past 5 years the exports of Hungary to Japan have increased at an annualized rate of 2.71%,  from $1.02B in 2018 to $1.16B in 2023.

In 2020, Hungary exported services to Japan worth $297M, with Royalties and license fees ($252M), Transportation ($16.1M), and Other business services ($14.4M) being the largest in terms of value.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥13B and imported ¥20.5B from Hungary, resulting in a negative trade balance of ¥7.46B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-7.4B (-36.3%) from ¥20.4B to ¥13B, while imports increased by ¥6.71B (48.8%) from ¥13.7B to ¥20.5B.

Trade In November 2024, the top exports of Japan to Hungary were Cars (¥2.08B), Motor vehicles; parts and accessories (8701... (¥1.68B), Spark-Ignition Engines (¥1.58B), Commodities not elsewhere specified (¥1.48B), and Rolling Machines (¥852M). In November 2024 the top imports of Japan from Hungary were Cars (¥6.57B), Computers (¥2.07B), Motor vehicles; parts and accessories (8701... (¥986M), Trailers and semi-trailers, not mechanically propelled... (¥698M), and Electrical Transformers (¥460M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥4.32B), Shizuoka (¥3.23B), Chiba (¥1.58B), Hyōgo (¥951M), and Tokyo (¥815M), while imports destinations were mainly Osaka (¥5.56B), Aichi (¥5.28B), Tokyo (¥2.74B), Chiba (¥2.4B), and Kanagawa (¥2.2B).

Growth In November 2024, the decrease in Japan's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Bi-Wheel Vehicle Parts (¥-217M or -90.3%), Other Stone Articles (¥-130M or -57.2%), and Other Electrical Machinery (¥-100M or -99.6%). In November 2024, the increase in Japan's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Cars (¥4.23B or 181%), Computers (¥1.04B or 100%), and Motor vehicles; parts and accessories (8701... (¥700M or 245%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-7.4B(-36.3%)
IMPORT GROWTH (November 2023 - November 2024)¥6.71B(48.8%)
MAIN EXPORTER (November 2024)Aichi¥4.32B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Hungary and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Japan Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $1.78B to Hungary. The main products exported from Japan to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($264M), Spark-Ignition Engines ($183M), and Cars ($154M). During the last 5 years the exports of Japan to Hungary have increased at an annualized rate of 3.46%, from $1.5B in 2018 to $1.78B in 2023.

In 2018, Hungary exported $1.16B to Japan. The main products exported from Hungary to Japan were Cars ($329M), Motor vehicles; parts and accessories (8701 to 8705) ($98.1M), and Computers ($55.4M). During the last 5 years the exports of Hungary to Japan have increased at an annualized rate of 2.71%, from $1.02B in 2023 to $1.16B in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Japan than Hungary included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Hungary

Flow
Scale

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

During 2023, Japan had a large net trade with Hungary in the exports of Machines ($998M), Transportation ($456M), and Metals ($83.7M).

During 2018, Hungary had a large net trade with Japan in the exports of Transportation ($464M), Machines ($377M), and Chemical Products ($122M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Hungary+$99.2MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Hungary Japan+$117MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Hungary exported services to Japan worth $297M, with Royalties and license fees ($252M), Transportation ($16.1M), and Other business services ($14.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms