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2023
Flag → Flag
Exports $117MRnk 59 / 201
2023
Flag → Flag
Top Product $16.8MOther Heating Machinery
2023
Flag → Flag
Exports $72.7MRnk 72 / 213
2023
Flag → Flag
Top Product $94.9MSynthetic Rubber
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
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$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Hungary-Indonesia Trade: In 2023, Hungary exported $117M to Indonesia. The main products that Hungary exported to Indonesia were Other Heating Machinery ($16.8M), Wheat ($6.8M), and Computers ($6.23M). Over the past 5 years the exports of Hungary to Indonesia have increased at an annualized rate of 9.45%, from $74.8M in 2018 to $117M in 2023.

In 2020, Hungary exported services to Indonesia worth $38M, with Computer and information services ($36.7M), Transportation ($571k), and Royalties and license fees ($571k) being the largest in terms of value.

Indonesia-Hungary Trade: In 2023, Indonesia exported $204M to Hungary. The main products that Indonesia exported to Hungary were Synthetic Rubber ($94.9M), Electric Heaters ($19.1M), and Other Electrical Machinery ($11.5M). Over the past 5 years the exports of Indonesia to Hungary have increased at an annualized rate of 7.07%,  from $145M in 2018 to $204M in 2023.

In 2023, Indonesia did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $117M to Indonesia. The main products exported from Hungary to Indonesia were Other Heating Machinery ($16.8M), Wheat ($6.8M), and Computers ($6.23M). During the last 5 years the exports of Hungary to Indonesia have increased at an annualized rate of 9,04%, from $14.8M in 2018 to $117M in 2023.

In 2018, Indonesia exported $204M to Hungary. The main products exported from Indonesia to Hungary were Synthetic Rubber ($94.9M), Electric Heaters ($19.1M), and Other Electrical Machinery ($11.5M). During the last 5 years the exports of Indonesia to Hungary have increased at an annualized rate of 20,2%, from $28.9M in 2023 to $204M in 2018.

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

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

Latest Data

Trade between Hungary (Flag) and Indonesia (Flag)

Hungary Exports

Indonesia Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Indonesia
Top DestinationChina$70.7B

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

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

In 2023, countries that imported more from Indonesia than Hungary included China ($70.7B), India ($24B), and Japan ($23.7B).

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

Comparative Advantage Hungary - Indonesia

Flow
Scale

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

During 2023, Hungary had a large net trade with Indonesia in the exports of Machines ($70M), Instruments ($9.53M), and Foodstuffs ($8.36M).

During 2018, Indonesia had a large net trade with Hungary in the exports of Plastics and Rubbers ($110M), Machines ($70.6M), and Textiles ($7.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Indonesia+$25.3MComputers
Top Product Potential Indonesia Hungary+$18.5MTelephones

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

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

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

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