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2022
Flag → Flag
Exports $549MRnk 47 / 218
2022
Flag → Flag
Top Product $62.7MElectrical Transformers
2022
Flag → Flag
Exports $198MRnk 54 / 205
2022
Flag → Flag
Top Product $50.1MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Thailand-Hungary Trade: In 2022, Thailand exported $549M to Hungary. The main products that Thailand exported to Hungary were Electrical Transformers ($62.7M), Valves ($54M), and Electrical Control Boards ($49.1M). Over the past 5 years the exports of Thailand to Hungary have increased at an annualized rate of 2.26%, from $491M in 2017 to $549M in 2022.

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

Hungary-Thailand Trade: In 2022, Hungary exported $198M to Thailand. The main products that Hungary exported to Thailand were Broadcasting Equipment ($50.1M), Cars ($8.63M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.72M). Over the past 5 years the exports of Hungary to Thailand have increased at an annualized rate of 8.79%,  from $130M in 2017 to $198M in 2022.

In 2020, Hungary exported services to Thailand worth $2.86M, with Transportation ($1.6M), Other business services ($800k), and Royalties and license fees ($228k) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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
Value

In 2022, Thailand exported $549M to Hungary. The main products exported from Thailand to Hungary were Electrical Transformers ($62.7M), Valves ($54M), and Electrical Control Boards ($49.1M). During the last 5 years the exports of Thailand to Hungary have increased at an annualized rate of 2.26%, from $491M in 2017 to $549M in 2022.

In 2017, Hungary exported $198M to Thailand. The main products exported from Hungary to Thailand were Broadcasting Equipment ($50.1M), Cars ($8.63M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.72M). During the last 5 years the exports of Hungary to Thailand have increased at an annualized rate of 8.79%, from $130M in 2022 to $198M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Hungary (Flag)

Thailand Exports

Hungary Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Thailand than Hungary included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

Comparative Advantage Thailand - Hungary

Flow
Scale

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

During 2022, Thailand had a large net trade with Hungary in the exports of Machines ($399M), Transportation ($45.3M), and Plastics and Rubbers ($44.9M).

During 2017, Hungary had a large net trade with Thailand in the exports of Machines ($134M), Transportation ($16.7M), and Plastics and Rubbers ($10.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Hungary+$36.1MIntegrated Circuits
Top Product Potential Hungary Thailand+$29.3MTelephones

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 Thailand worth $2.86M, with Transportation ($1.6M), Other business services ($800k), and Royalties and license fees ($228k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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