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2023
Flag → Flag
Exports $500MRnk 39 / 201
2023
Flag → Flag
Top Product $47.1MCars
2023
Flag → Flag
Exports $281MRnk 40 / 206
2023
Flag → Flag
Top Product $51.1MKaolin Coated Paper
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
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$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Hungary-Finland Trade: In 2023, Hungary exported $500M to Finland. The main products that Hungary exported to Finland were Cars ($47.1M), Motor vehicles; parts and accessories (8701 to 8705) ($28.3M), and Video Displays ($23.8M). Over the past 5 years the exports of Hungary to Finland have increased at an annualized rate of 0.23%, from $494M in 2018 to $500M in 2023.

In 2020, Hungary exported services to Finland worth $200M, with Other business services ($148M), Transportation ($20.9M), and Travel ($20.2M) being the largest in terms of value.

Finland-Hungary Trade: In 2023, Finland exported $281M to Hungary. The main products that Finland exported to Hungary were Kaolin Coated Paper ($51.1M), Packaged Medicaments ($21.5M), and Integrated Circuits ($14.8M). Over the past 5 years the exports of Finland to Hungary have decreased at an annualized rate of 3.74%,  from $340M in 2018 to $281M in 2023.

In 2020, Finland exported services to Hungary worth $62.8M, with Computer and information services ($25.1M), Other business services ($24M), and Transportation ($8M) being the largest in terms of value.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $500M to Finland. The main products exported from Hungary to Finland were Cars ($47.1M), Motor vehicles; parts and accessories (8701 to 8705) ($28.3M), and Video Displays ($23.8M). During the last 5 years the exports of Hungary to Finland have increased at an annualized rate of 0.23%, from $494M in 2018 to $500M in 2023.

In 2018, Finland exported $281M to Hungary. The main products exported from Finland to Hungary were Kaolin Coated Paper ($51.1M), Packaged Medicaments ($21.5M), and Integrated Circuits ($14.8M). During the last 5 years the exports of Finland to Hungary have decreased at an annualized rate of 3.74%, from $340M in 2023 to $281M in 2018.

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

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

Latest Data

Trade between Hungary (Flag) and Finland (Flag)

Hungary Exports

Finland Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Hungary than Finland included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

In 2023, countries that imported more from Finland than Hungary included Sweden ($8.13B), Estonia ($2.4B), and United States ($9.68B).

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

Comparative Advantage Hungary - Finland

Flow
Scale

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

During 2023, Hungary had a large net trade with Finland in the exports of Machines ($194M), Transportation ($99M), and Foodstuffs ($39.5M).

During 2018, Finland had a large net trade with Hungary in the exports of Machines ($84.3M), Paper Goods ($74M), and Chemical Products ($33.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Finland+$34.9MCars
Top Product Potential Finland Hungary+$8.01MPackaged 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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Bilateral Service Trade

In 2020, Hungary exported services to Finland worth $200M, with Other business services ($148M), Transportation ($20.9M), and Travel ($20.2M) being the largest in terms of value.

In 2020, Finland exported services to Hungary worth $62.8M, with Computer and information services ($25.1M), Other business services ($24M), and Transportation ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Hungary (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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