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2023
Flag → Flag
Exports $1.48BRnk 19 / 198
2023
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Top Product $238MOffice Machine Parts
2023
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Exports $551MRnk 35 / 201
2023
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Top Product $141MBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
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GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Hong Kong-Hungary Trade: In 2023, Hong Kong exported $1.48B to Hungary. The main products that Hong Kong exported to Hungary were Office Machine Parts ($238M), Printed Circuit Boards ($194M), and Integrated Circuits ($180M). Over the past 5 years the exports of Hong Kong to Hungary have increased at an annualized rate of 9.54%, from $940M in 2018 to $1.48B in 2023.

In 2023, Hong Kong did not export any services to Hungary.

Hungary-Hong Kong Trade: In 2023, Hungary exported $551M to Hong Kong. The main products that Hungary exported to Hong Kong were Broadcasting Equipment ($141M), Cars ($102M), and Electrical Transformers ($87M). Over the past 5 years the exports of Hungary to Hong Kong have increased at an annualized rate of 8.99%,  from $358M in 2018 to $551M in 2023.

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 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $1.48B to Hungary. The main products exported from Hong Kong to Hungary were Office Machine Parts ($238M), Printed Circuit Boards ($194M), and Integrated Circuits ($180M). During the last 5 years the exports of Hong Kong to Hungary have increased at an annualized rate of 9.54%, from $940M in 2018 to $1.48B in 2023.

In 2018, Hungary exported $551M to Hong Kong. The main products exported from Hungary to Hong Kong were Broadcasting Equipment ($141M), Cars ($102M), and Electrical Transformers ($87M). During the last 5 years the exports of Hungary to Hong Kong have increased at an annualized rate of 8.99%, from $358M in 2023 to $551M in 2018.

Exports from Hong Kong (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Hungary (Flag)

Hong Kong Exports

Hungary Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Hungary
Top DestinationGermany$37.4B

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 2023, countries that imported more from Hong Kong than Hungary included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

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

Difference in imports from Hungary (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Hungary

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Hungary in the exports of Machines ($1.34B), Instruments ($52.5M), and Miscellaneous ($23.5M).

During 2018, Hungary had a large net trade with Hong Kong in the exports of Machines ($393M), Transportation ($109M), and Instruments ($11.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Hungary+$38MTelephones
Top Product Potential Hungary Hong Kong+$78.4MTelephones

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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Bilateral Service Trade

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 (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Hungary (Flag) (2023)

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