Vietnam (VNM) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Vietnam-Hungary Trade: In 2022, Vietnam exported $649M to Hungary. The main products that Vietnam exported to Hungary were Broadcasting Accessories ($220M), Electrical Transformers ($63.7M), and Revolution Counters ($42.7M). Over the past 5 years the exports of Vietnam to Hungary have increased at an annualized rate of 14.3%, from $333M in 2017 to $649M in 2022.

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

Hungary-Vietnam Trade: In 2022, Hungary exported $139M to Vietnam. The main products that Hungary exported to Vietnam were Packaged Medicaments ($19.9M), Electric Motors ($6.04M), and Bird Feathers and Skins ($4.41M). Over the past 5 years the exports of Hungary to Vietnam have increased at an annualized rate of 3.53%, from $117M in 2017 to $139M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $649M to Hungary. The main products exported from Vietnam to Hungary were Broadcasting Accessories ($220M), Electrical Transformers ($63.7M), and Revolution Counters ($42.7M). During the last 5 years the exports of Vietnam to Hungary have increased at an annualized rate of 14.3%, from $333M in 2017 to $649M in 2022.

In 2017, Hungary exported $139M to Vietnam. The main products exported from Hungary to Vietnam were Packaged Medicaments ($19.9M), Electric Motors ($6.04M), and Bird Feathers and Skins ($4.41M). During the last 5 years the exports of Hungary to Vietnam have increased at an annualized rate of 3.53%, from $117M in 2022 to $139M in 2017.

Exports from Vietnam () to Hungary () (2022)

Exports from Hungary () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Vietnam than Hungary included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

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

Comparative Advantage Vietnam - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Hungary in the exports of Machines ($441M), Instruments ($71.2M), and Metals ($31.9M).

During 2017, Hungary had a large net trade with Vietnam in the exports of Machines ($54.9M), Chemical Products ($28.1M), and Animal Products ($14.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Hungary+$42.2MTelephones

Top Product Potential Hungary Vietnam+$17.6MPackaged Medicaments

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 Vietnam and Hungary. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Vietnam.

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Hungary () (2022)

Exports from Hungary () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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