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Pricing

2022
Flag → Flag
Exports $1.5BRnk 41 / 211
2022
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Top Product $205MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $1.06BRnk 25 / 205
2022
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Top Product $347MCars
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$4.23TCURRENT US$
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2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$179BCURRENT US$
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2012-2022
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GDP GROWTH38.8%CURRENT US$
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2022
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GDP PC $33,815CURRENT US$
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2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
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2022
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GDP PC$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH42.2%CURRENT US$
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About

Japan-Hungary Trade: In 2022, Japan exported $1.5B to Hungary. The main products that Japan exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($205M), Spark-Ignition Engines ($125M), and Cars ($109M). Over the past 5 years the exports of Japan to Hungary have increased at an annualized rate of 0.2%, from $1.49B in 2017 to $1.5B in 2022.

In 2022, Japan did not export any services to Hungary.

Hungary-Japan Trade: In 2022, Hungary exported $1.06B to Japan. The main products that Hungary exported to Japan were Cars ($347M), Office Machine Parts ($58.2M), and Computers ($38.1M). Over the past 5 years the exports of Hungary to Japan have increased at an annualized rate of 4.03%,  from $834M in 2017 to $1.06B in 2022.

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 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥17.7B and imported ¥17.6B from Hungary, resulting in a positive trade balance of ¥95M. Between June 2023 and June 2024 the exports of Japan have decreased by ¥-3.13B (-15%) from ¥20.8B to ¥17.7B, while imports increased by ¥3.19B (22.1%) from ¥14.4B to ¥17.6B.

Trade In June 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 June 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 June 2024 the exports of Japan were mainly from Shizuoka (¥6.69B), Aichi (¥4.12B), Hyōgo (¥2.12B), Osaka (¥1.26B), and Tokyo (¥1.22B), while imports destinations were mainly Chiba (¥8.16B), Tokyo (¥2.41B), Aichi (¥2.2B), Ibaraki (¥1.38B), and Kanagawa (¥1.3B).

Growth In June 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 June 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 (June 2023 - June 2024)¥-3.13B(-15%)
IMPORT GROWTH (June 2023 - June 2024)¥3.19B(22.1%)
MAIN EXPORTER (June 2024)Shizuoka¥6.69B

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $1.5B to Hungary. The main products exported from Japan to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($205M), Spark-Ignition Engines ($125M), and Cars ($109M). During the last 5 years the exports of Japan to Hungary have increased at an annualized rate of 0.2%, from $1.49B in 2017 to $1.5B in 2022.

In 2017, Hungary exported $1.06B to Japan. The main products exported from Hungary to Japan were Cars ($347M), Office Machine Parts ($58.2M), and Computers ($38.1M). During the last 5 years the exports of Hungary to Japan have increased at an annualized rate of 4.03%, from $834M in 2022 to $1.06B in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Hungary
Top DestinationGermany$35.5B

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 2022, countries that imported more from Japan than Hungary included China ($135B), United States ($137B), and South Korea ($50.8B).

In 2022, countries that imported more from Hungary than Japan included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

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

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 2022, Japan had a large net trade with Hungary in the exports of Machines ($840M), Transportation ($359M), and Plastics and Rubbers ($75.7M).

During 2017, Hungary had a large net trade with Japan in the exports of Transportation ($419M), Machines ($327M), and Chemical Products ($96.9M).

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.

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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) (2022)

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