Hong Kong (HKG) and Hungary (HUN) Trade | The Observatory of Economic Complexity

About

Hong Kong-Hungary In 2022, Hong Kong exported $1.88B to Hungary. The main products that Hong Kong exported to Hungary are Integrated Circuits ($309M), Printed Circuit Boards ($200M), and Office Machine Parts ($194M). During the last 27 years the exports of Hong Kong to Hungary have increased at an annualized rate of 13.6%, from $60.6M in 1995 to $1.88B in 2022.

In 2022, Hong Kong did not export any services to Hungary.

Hungary-Hong Kong In 2022, Hungary exported $428M to Hong Kong. The main products that Hungary exported to Hong Kong were Broadcasting Equipment ($136M), Semiconductor Devices ($66.5M), and Cars ($45.4M). During the last 27 years the exports of Hungary to Hong Kong have increased at an annualized rate of 11.6%, from $22.3M in 1995 to $428M in 2022.

In 2020, Hungary exported services to Hong Kong worth $131M, with Royalties and license fees ($66.7M), Transportation ($26.6M), and Other business services ($26M) being the largest in terms of value.

Comparison In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $1.88B to Hungary. The main products exported from Hong Kong to Hungary were Integrated Circuits ($309M), Printed Circuit Boards ($200M), and Office Machine Parts ($194M). During the last 27 years the exports of Hong Kong to Hungary have increased at an annualized rate of 13.6%, from $60.6M in 1995 to $1.88B in 2022.

In 2022, Hungary exported $428M to Hong Kong. The main products exported from Hungary to Hong Kong were Broadcasting Equipment ($136M), Semiconductor Devices ($66.5M), and Cars ($45.4M). During the last 27 years the exports of Hungary to Hong Kong have increased at an annualized rate of 11.6%, from $22.3M in 1995 to $428M in 2022.

Exports from Hong Kong () to Hungary () (2022)

Exports from Hungary () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Hungary ()

Hong Kong Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Hong Kong than Hungary were China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

In 2021, countries that imported more from Hungary than Hong Kong were Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

Difference in imports from Hungary () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Hungary in the exports of Machines ($1.66B), Instruments ($67.9M), and Miscellaneous ($38.4M).

During 2022, Hungary had a large net trade with Hong Kong in the exports of Machines ($335M), Transportation ($46.3M), and Chemical Products ($10.7M).

Service Trade

Bilateral Service Trade

Hun Year

In 2020, Hungary exported services to Hong Kong worth $131M, with Royalties and license fees ($66.7M), Transportation ($26.6M), and Other business services ($26M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Hong Kong () (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 Hong Kong has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Hong Kong.

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Hungary () (2022)

Exports from Hungary () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Hungary ()

Hong Kong Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Hungary

Service Trade

Bilateral Service Trade

Services Exports from Hungary () to Hong Kong () (2020)

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Hungary () (2022)

Keep Exploring