Netherlands (NLD) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Netherlands-Hungary In 2022, Netherlands exported $5.92B to Hungary. The main products that Netherlands exported to Hungary are Office Machine Parts ($451M), Vaccines, blood, antisera, toxins and cultures ($332M), and Packaged Medicaments ($302M). During the last 27 years the exports of Netherlands to Hungary have increased at an annualized rate of 9.44%, from $518M in 1995 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.

Hungary-Netherlands 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). During the last 27 years the exports of Hungary to Netherlands have increased at an annualized rate of 9.77%, from $415M in 1995 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.

Comparison In 2022, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.1), and 6 in total exports ($674B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Latest Trends

October, 2022

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Overview In October 2022, Netherlands exported €370M and imported €462M from Hungary, resulting in a negative trade balance of €92M. Between October 2021 and October 2022 the exports of Netherlands have decreased by €-58M (-13.6%) from €428M to €370M, while imports increased by €154M (50%) from €308M to €462M.

Trade In October 2022, the top exports of Netherlands to Hungary were Thermionic, cold cathode or photo-cathode valves... (€56M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€19M), Office machines (€9M), Pumps (other than pumps for liquids),... (€8M), and Road motor vehicles, n.e.s. (€8M). In October 2022 the top imports of Netherlands from Hungary were Automatic data-processing machines and units thereof;... (€41M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€29M), Television receivers (including video monitors and... (€20M), Rubber tyres, interchangeable tyre treads, tyre... (€16M), and Medicinal and pharmaceutical products, other than... (€15M).

Growth In October 2022, the decrease in Netherlands's year-by-year exports to Hungary was explained primarily by an decrease in product exports in Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€-11M or -36.7%), Office machines (€-5M or -35.7%), and Road motor vehicles, n.e.s. (€-4M or -33.3%). In October 2022, the increase in Netherlands's year-by-year imports from Hungary was explained primarily by an increase in product imports in Medicaments (including veterinary medicaments) (€6M or 85.7%), Motor cars and other motor vehicles... (€6M or 300%), and Television receivers (including video monitors and... (€5M or 33.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€-58M(-13.6%)

IMPORT GROWTH (October 2021 - October 2022)€154M(50%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of Netherlands to Hungary have increased at an annualized rate of 9.44%, from $518M in 1995 to $5.92B in 2022.

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 27 years the exports of Hungary to Netherlands have increased at an annualized rate of 9.77%, from $415M in 1995 to $5.14B in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Netherlands than Hungary were Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2021, countries that imported more from Hungary than Netherlands were Slovakia ($6.78B), Romania ($7.94B), and Serbia ($3.42B).

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

Comparative Advantage Netherlands - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Hungary in the exports of Machines ($2.21B), Chemical Products ($1.18B), and Metals ($544M).

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

Service Trade

Bilateral Service Trade

Hun Year

Nld Year

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.

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.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Netherlands has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Netherlands.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Netherlands - Hungary

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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