Hungary (HUN) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Hungary-Malaysia Trade: In 2022, Hungary exported $241M to Malaysia. The main products that Hungary exported to Malaysia were Computers ($72.2M), Electrical Transformers ($22.8M), and Medical Instruments ($18.6M). Over the past 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 5.57%, from $184M in 2017 to $241M in 2022.

In 2020, Hungary exported services to Malaysia worth $21.5M, with Other business services ($14.3M), Computer and information services ($4.8M), and Transportation ($2.4M) being the largest in terms of value.

Malaysia-Hungary Trade: In 2022, Malaysia exported $602M to Hungary. The main products that Malaysia exported to Hungary were Electric Batteries ($115M), Computers ($59.8M), and Vacuum Cleaners ($54.8M). Over the past 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 6.4%, from $415M in 2017 to $602M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $241M to Malaysia. The main products exported from Hungary to Malaysia were Computers ($72.2M), Electrical Transformers ($22.8M), and Medical Instruments ($18.6M). During the last 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 5.57%, from $184M in 2017 to $241M in 2022.

In 2017, Malaysia exported $602M to Hungary. The main products exported from Malaysia to Hungary were Electric Batteries ($115M), Computers ($59.8M), and Vacuum Cleaners ($54.8M). During the last 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 6.4%, from $415M in 2022 to $602M in 2017.

Exports from Hungary () to Malaysia () (2022)

Exports from Malaysia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Malaysia ()

Hungary Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Hungary than Malaysia included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Malaysia than Hungary included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Hungary - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Malaysia in the exports of Machines ($149M), Instruments ($27.4M), and Transportation ($17.6M).

During 2017, Malaysia had a large net trade with Hungary in the exports of Machines ($479M), Metals ($35.7M), and Plastics and Rubbers ($33.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Malaysia+$22.5MComputers

Top Product Potential Malaysia Hungary+$44.5MIntegrated Circuits

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Malaysia () (2022)

Exports from Malaysia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Malaysia ()

Hungary Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Hungary - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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