Hungary (HUN) and China (CHN) Trade | The Observatory of Economic Complexity

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Hungary-China Trade: In 2022, Hungary exported $2.89B to China. The main products that Hungary exported to China were Navigation Equipment ($535M), Cars ($358M), and Computers ($129M). Over the past 5 years the exports of Hungary to China have increased at an annualized rate of 0.41%, from $2.83B in 2017 to $2.89B in 2022.

In 2020, Hungary exported services to China worth $184M, with Other business services ($67.4M), Travel ($53.6M), and Transportation ($41.5M) being the largest in terms of value.

China-Hungary Trade: In 2022, China exported $10.5B to Hungary. The main products that China exported to Hungary were Telephones ($1.09B), Electric Batteries ($562M), and Broadcasting Equipment ($510M). Over the past 5 years the exports of China to Hungary have increased at an annualized rate of 11.6%, from $6.06B in 2017 to $10.5B in 2022.

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

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $2.89B to China. The main products exported from Hungary to China were Navigation Equipment ($535M), Cars ($358M), and Computers ($129M). During the last 5 years the exports of Hungary to China have increased at an annualized rate of 0.41%, from $2.83B in 2017 to $2.89B in 2022.

In 2017, China exported $10.5B to Hungary. The main products exported from China to Hungary were Telephones ($1.09B), Electric Batteries ($562M), and Broadcasting Equipment ($510M). During the last 5 years the exports of China to Hungary have increased at an annualized rate of 11.6%, from $6.06B in 2022 to $10.5B in 2017.

Exports from Hungary () to China () (2022)

Exports from China () to Hungary () (2022)

Latest Data

Trade between Hungary () and China ()

Hungary Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

China
Top DestinationUnited States$551B

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

In 2022, countries that imported more from Hungary than China included Croatia ($3.19B), Slovakia ($6.78B), and Romania ($7.94B).

In 2022, countries that imported more from China than Hungary included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Hungary - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with China in the exports of Machines ($1.56B), Transportation ($445M), and Instruments ($186M).

During 2017, China had a large net trade with Hungary in the exports of Machines ($6.81B), Chemical Products ($778M), and Metals ($476M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary China+$378MCars

Top Product Potential China Hungary+$456MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to China () (2022)

Exports from China () to Hungary () (2022)

Latest Data

Trade between Hungary () and China ()

Hungary Exports

China Exports

Market Competitiveness

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

Comparative Advantage Hungary - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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