Denmark (DNK) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Denmark-Hungary In 2022, Denmark exported $748M to Hungary. The main products that Denmark exported to Hungary are Packaged Medicaments ($94M), Liquid Pumps ($45.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). During the last 27 years the exports of Denmark to Hungary have increased at an annualized rate of 6.65%, from $131M in 1995 to $748M in 2022.

In 2020, Denmark exported services to Hungary worth $239M, with Transportation ($144M), Other business services ($35.4M), and Travel ($20.2M) being the largest in terms of value.

Hungary-Denmark In 2022, Hungary exported $918M to Denmark. The main products that Hungary exported to Denmark were Cars ($130M), Packaged Medicaments ($58.2M), and Liquid Pumps ($44.1M). During the last 27 years the exports of Hungary to Denmark have increased at an annualized rate of 9.9%, from $71.8M in 1995 to $918M in 2022.

In 2020, Hungary exported services to Denmark worth $367M, with Computer and information services ($117M), Other business services ($114M), and Transportation ($107M) being the largest in terms of value.

Comparison In 2022, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Denmark exported $748M to Hungary. The main products exported from Denmark to Hungary were Packaged Medicaments ($94M), Liquid Pumps ($45.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). During the last 27 years the exports of Denmark to Hungary have increased at an annualized rate of 6.65%, from $131M in 1995 to $748M in 2022.

In 2022, Hungary exported $918M to Denmark. The main products exported from Hungary to Denmark were Cars ($130M), Packaged Medicaments ($58.2M), and Liquid Pumps ($44.1M). During the last 27 years the exports of Hungary to Denmark have increased at an annualized rate of 9.9%, from $71.8M in 1995 to $918M in 2022.

Exports from Denmark () to Hungary () (2022)

Exports from Hungary () to Denmark () (2022)

Latest Data

Trade between Denmark () and Hungary ()

Denmark Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$18.9B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Denmark than Hungary were Sweden ($11.6B), United States ($13.1B), and Norway ($6.53B).

In 2021, countries that imported more from Hungary than Denmark were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

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

Comparative Advantage Denmark - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Denmark had a large net trade with Hungary in the exports of Machines ($234M), Chemical Products ($154M), and Plastics and Rubbers ($94.6M).

During 2022, Hungary had a large net trade with Denmark in the exports of Machines ($263M), Transportation ($152M), and Chemical Products ($136M).

Service Trade

Bilateral Service Trade

Hun Year

Dnk Year

In 2020, Denmark exported services to Hungary worth $239M, with Transportation ($144M), Other business services ($35.4M), and Travel ($20.2M) being the largest in terms of value.

In 2020, Hungary exported services to Denmark worth $367M, with Computer and information services ($117M), Other business services ($114M), and Transportation ($107M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Hungary () (2020)

Services Exports from Hungary () to Denmark () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Hungary () (2022)

Exports from Hungary () to Denmark () (2022)

Latest Data

Trade between Denmark () and Hungary ()

Denmark Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Denmark - Hungary

Service Trade

Bilateral Service Trade

Services Exports from Denmark () to Hungary () (2020)

Services Exports from Hungary () to Denmark () (2020)

Economic Complexity

Competitive Landscape

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

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