Chinese Taipei (TWN) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Chinese Taipei-Hungary Trade: In 2022, Chinese Taipei exported $895M to Hungary. The main products that Chinese Taipei exported to Hungary were Office Machine Parts ($117M), Bi-Wheel Vehicle Parts ($114M), and Integrated Circuits ($109M). Over the past 5 years the exports of Chinese Taipei to Hungary have increased at an annualized rate of 7.29%, from $630M in 2017 to $895M in 2022.

In 2022, Chinese Taipei did not export any services to Hungary.

Hungary-Chinese Taipei Trade: In 2022, Hungary exported $432M to Chinese Taipei. The main products that Hungary exported to Chinese Taipei were Electric Generating Sets ($99.5M), Electric Motors ($77.2M), and Cars ($48.9M). Over the past 5 years the exports of Hungary to Chinese Taipei have increased at an annualized rate of 11.9%, from $246M in 2017 to $432M in 2022.

In 2022, Hungary did not export any services to Chinese Taipei.

Comparison: In 2022, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B). 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, Chinese Taipei exported $895M to Hungary. The main products exported from Chinese Taipei to Hungary were Office Machine Parts ($117M), Bi-Wheel Vehicle Parts ($114M), and Integrated Circuits ($109M). During the last 5 years the exports of Chinese Taipei to Hungary have increased at an annualized rate of 7.29%, from $630M in 2017 to $895M in 2022.

In 2017, Hungary exported $432M to Chinese Taipei. The main products exported from Hungary to Chinese Taipei were Electric Generating Sets ($99.5M), Electric Motors ($77.2M), and Cars ($48.9M). During the last 5 years the exports of Hungary to Chinese Taipei have increased at an annualized rate of 11.9%, from $246M in 2022 to $432M in 2017.

Exports from Chinese Taipei () to Hungary () (2022)

Exports from Hungary () to Chinese Taipei () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Chinese Taipei than Hungary included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

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

Difference in imports from Hungary () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Chinese Taipei had a large net trade with Hungary in the exports of Machines ($671M), Transportation ($136M), and Metals ($36.9M).

During 2017, Hungary had a large net trade with Chinese Taipei in the exports of Machines ($302M), Transportation ($63M), and Instruments ($21.3M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Chinese Taipei () to Hungary () (2022)

Exports from Hungary () to Chinese Taipei () (2022)

Market Competitiveness

Difference in imports from Hungary () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Chinese Taipei () and Hungary () (2022)

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