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2023
Flag → Flag
Exports $661MRnk 38 / 221
2023
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Top Product $116MCopper Foil
2023
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Exports $187MRnk 55 / 201
2023
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Top Product $42.1MComputers
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
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 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Malaysia-Hungary Trade: In 2023, Malaysia exported $661M to Hungary. The main products that Malaysia exported to Hungary were Copper Foil ($116M), Electric Batteries ($112M), and Semiconductor Devices ($81.2M). Over the past 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 8.42%, from $441M in 2018 to $661M in 2023.

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

Hungary-Malaysia Trade: In 2023, Hungary exported $187M to Malaysia. The main products that Hungary exported to Malaysia were Computers ($42.1M), Electrical Transformers ($12.3M), and Cars ($11.8M). Over the past 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 0.0016%,  from $187M in 2018 to $187M in 2023.

In 2020, Hungary exported services to Malaysia worth $21.5M, with Other business services ($14.3M), Computer and information services ($4.8M), and Transportation ($2.4M) being the largest in terms of value.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). 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, Malaysia exported MYR257M and imported MYR106M from Hungary, resulting in a positive trade balance of MYR152M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR32.7M (14.5%) from MYR225M to MYR257M, while imports increased by MYR48.8M (85.4%) from MYR57.1M to MYR106M.

Trade In November 2024, the top exports of Malaysia to Hungary were Electric Batteries (MYR51.6M), Computers (MYR33.7M), Semiconductor Devices (MYR22.2M), Motor-working Tools (MYR16.4M), and Office Machine Parts (MYR8.58M). In November 2024 the top imports of Malaysia from Hungary were Computers (MYR20.1M), Electrical Transformers (MYR13M), Medical Instruments (MYR8.36M), Insulated Wire (MYR5.27M), and Soybean Oil (MYR2.49M).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Hungary was explained primarily by an increase in product exports in Electric Batteries (MYR23M or 80.6%), Electrical Control Boards (MYR3.92M or 204%), and Oscilloscopes (MYR3.18M or 228%). In November 2024, the increase in Malaysia's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Medical Instruments (MYR7.84M or 1.51k%), Electrical Transformers (MYR7.66M or 144%), and Computers (MYR4.09M or 25.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR32.7M(14.5%)
IMPORT GROWTH (November 2023 - November 2024)MYR48.8M(85.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Hungary and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $661M to Hungary. The main products exported from Malaysia to Hungary were Copper Foil ($116M), Electric Batteries ($112M), and Semiconductor Devices ($81.2M). During the last 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 8.42%, from $441M in 2018 to $661M in 2023.

In 2018, Hungary exported $187M to Malaysia. The main products exported from Hungary to Malaysia were Computers ($42.1M), Electrical Transformers ($12.3M), and Cars ($11.8M). During the last 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 0.0016%, from $187M in 2023 to $187M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Malaysia than Hungary included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

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

Comparative Advantage Malaysia - Hungary

Flow
Scale

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

During 2023, Malaysia had a large net trade with Hungary in the exports of Machines ($472M), Metals ($123M), and Plastics and Rubbers ($27.2M).

During 2018, Hungary had a large net trade with Malaysia in the exports of Machines ($105M), Instruments ($17.9M), and Transportation ($13.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Hungary+$44.5MIntegrated Circuits
Top Product Potential Hungary Malaysia+$22.5MComputers

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 Malaysia worth $21.5M, with Other business services ($14.3M), Computer and information services ($4.8M), and Transportation ($2.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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