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2023
Flag → Flag
Exports $400MRnk 53 / 142
2023
Flag → Flag
Top Product $44.7MElectrical Transformers
2023
Flag → Flag
Exports $101MRnk 62 / 201
2023
Flag → Flag
Top Product $20.3MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Vietnam-Hungary Trade: In 2023, Vietnam exported $400M to Hungary. The main products that Vietnam exported to Hungary were Electrical Transformers ($44.7M), Electric Batteries ($39.9M), and Optical Fibers and optical fibre bundles ($27.4M). Over the past 5 years the exports of Vietnam to Hungary have decreased at an annualized rate of 11.6%, from $741M in 2018 to $400M in 2023.

In 2023, Vietnam did not export any services to Hungary.

Hungary-Vietnam Trade: In 2023, Hungary exported $101M to Vietnam. The main products that Hungary exported to Vietnam were Packaged Medicaments ($20.3M), Poultry Meat ($6.41M), and Bird Feathers and Skins ($5.19M). Over the past 5 years the exports of Hungary to Vietnam have decreased at an annualized rate of 12.8%,  from $200M in 2018 to $101M in 2023.

In 2023, Hungary did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $400M to Hungary. The main products exported from Vietnam to Hungary were Electrical Transformers ($44.7M), Electric Batteries ($39.9M), and Optical Fibers and optical fibre bundles ($27.4M). During the last 5 years the exports of Vietnam to Hungary have decreased at an annualized rate of 11.6%, from $741M in 2018 to $400M in 2023.

In 2018, Hungary exported $101M to Vietnam. The main products exported from Hungary to Vietnam were Packaged Medicaments ($20.3M), Poultry Meat ($6.41M), and Bird Feathers and Skins ($5.19M). During the last 5 years the exports of Hungary to Vietnam have decreased at an annualized rate of 12.8%, from $200M in 2023 to $101M in 2018.

Exports from Vietnam (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Hungary
Top DestinationGermany$37.4B

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 2023, countries that imported more from Vietnam than Hungary included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Hungary than Vietnam included Germany ($37.4B), Romania ($8.43B), and Italy ($9.08B).

Difference in imports from Hungary (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Hungary

Flow
Scale

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

During 2023, Vietnam had a large net trade with Hungary in the exports of Machines ($192M), Instruments ($63.5M), and Metals ($32.9M).

During 2018, Hungary had a large net trade with Vietnam in the exports of Machines ($29.7M), Chemical Products ($26.9M), and Animal Products ($13.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Vietnam (Flag) and Hungary (Flag) (2023)

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