Papua New Guinea (PNG) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Hungary Trade: In 2022, Papua New Guinea exported $30.2k to Hungary. The main products that Papua New Guinea exported to Hungary were Sawn Wood ($28k), Tool Sets ($1.07k), and Aircraft Parts ($1.07k). Over the past 6 years the exports of Papua New Guinea to Hungary have increased at an annualized rate of 114%, from $317 in 2016 to $30.2k in 2022.

In 2022, Papua New Guinea did not export any services to Hungary.

Hungary-Papua New Guinea Trade: In 2022, Hungary exported $38.1k to Papua New Guinea. The main products that Hungary exported to Papua New Guinea were Broadcasting Equipment ($19.4k), Plastic Lids ($17k), and Electrical Transformers ($1.7k). Over the past 6 years the exports of Hungary to Papua New Guinea have decreased at an annualized rate of 1.84%, from $41.8k in 2016 to $38.1k in 2022.

In 2022, Hungary did not export any services to Papua New Guinea.

Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Papua New Guinea exported $30.2k to Hungary. The main products exported from Papua New Guinea to Hungary were Sawn Wood ($28k), Tool Sets ($1.07k), and Aircraft Parts ($1.07k). During the last 6 years the exports of Papua New Guinea to Hungary have increased at an annualized rate of 114%, from $317 in 2016 to $30.2k in 2022.

In 2017, Hungary exported $38.1k to Papua New Guinea. The main products exported from Hungary to Papua New Guinea were Broadcasting Equipment ($19.4k), Plastic Lids ($17k), and Electrical Transformers ($1.7k). During the last 5 years the exports of Hungary to Papua New Guinea have decreased at an annualized rate of 1.84%, from $41.8k in 2022 to $38.1k in 2017.

Exports from Papua New Guinea () to Hungary () (2022)

Exports from Hungary () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Papua New Guinea than Hungary included Japan ($4.03B), Chinese Taipei ($1.46B), and Australia ($1.74B).

In 2022, countries that imported more from Hungary than Papua New Guinea included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

Difference in imports from Hungary () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Papua New Guinea and Hungary by product, considering products traded by both, Papua New Guinea and Hungary.

During 2022, Papua New Guinea had a large net trade with Hungary in the exports of Wood Products ($28k), Metals ($1.07k), and Transportation ($1.07k).

During 2017, Hungary had a large net trade with Papua New Guinea in the exports of Machines ($21.2k) and Plastics and Rubbers ($17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Papua New Guinea Hungary+$76.2kSawn Wood

Top Product Potential Hungary Papua New Guinea+$97.6kTelephones

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Hungary () (2022)

Exports from Hungary () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Hungary ()

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Hungary () (2022)

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