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2022
Flag → Flag
Exports $5.92BRnk 20 / 224
2022
Flag → Flag
Top Product $451MOffice Machine Parts
2022
Flag → Flag
Exports $5.14BRnk 10 / 205
2022
Flag → Flag
Top Product $740MComputers
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Netherlands-Hungary Trade: In 2022, Netherlands exported $5.92B to Hungary. The main products that Netherlands exported to Hungary were Office Machine Parts ($451M), Vaccines, blood, antisera, toxins and cultures ($332M), and Packaged Medicaments ($302M). Over the past 5 years the exports of Netherlands to Hungary have increased at an annualized rate of 5.21%, from $4.59B in 2017 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 Trade: 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). Over the past 5 years the exports of Hungary to Netherlands have increased at an annualized rate of 5.97%,  from $3.85B in 2017 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 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

August, 2024

About

Overview In August 2024, Netherlands exported €503M and imported €338M from Hungary, resulting in a positive trade balance of €165M. Between August 2023 and August 2024 the exports of Netherlands have increased by €9M (1.82%) from €494M to €503M, while imports decreased by €-25M (-6.89%) from €363M to €338M.

Trade In August 2024, the top exports of Netherlands to Hungary were Undefined (€159M), Office machines (€19M), Road motor vehicles, n.e.s. (€19M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€18M), and Thermionic, cold cathode or photo-cathode valves... (€17M). In August 2024 the top imports of Netherlands from Hungary were Automatic data-processing machines and units thereof;... (€83M), Undefined (€76M), Fixed vegetable fats and oils, "soft",... (€26M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€25M), and Rubber tyres, interchangeable tyre treads, tyre... (€19M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€9M(1.82%)
IMPORT GROWTH (August 2023 - August 2024)€-25M(-6.89%)

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.

For full datasets download visit Bulk Download page.

Explore Hungary and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Netherlands to Hungary have increased at an annualized rate of 5.21%, from $4.59B in 2017 to $5.92B in 2022.

In 2017, 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 5 years the exports of Hungary to Netherlands have increased at an annualized rate of 5.97%, from $3.85B in 2022 to $5.14B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from Netherlands than Hungary included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Hungary than Netherlands included Slovakia ($6.78B), Romania ($7.94B), and Serbia ($3.42B).

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

Comparative Advantage Netherlands - Hungary

Flow
Scale

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 2017, Hungary had a large net trade with Netherlands in the exports of Machines ($2.97B), Transportation ($596M), and Plastics and Rubbers ($312M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Hungary+$67MRefined Petroleum
Top Product Potential Hungary Netherlands+$139MCars

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, 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 (Flag) to Hungary (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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