2023
Flag  
GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 195
2023
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 GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 195
2023
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GDP PC 
$22,142CURRENT US$
Rnk 58 / 195
2013-2023
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GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC
$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195

About

Hungary-Malaysia Trade: In 2023, Hungary exported $187M to Malaysia. The main products that Hungary exported to Malaysia were Computers ($42.1M), Electrical Transformers ($12.3M), and Cars ($11.8M). Over the past 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 0.0066%, from $187M in 2018 to $187M in 2023.

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 2023, Malaysia exported $661M to Hungary. The main products that Malaysia exported to Hungary were Copper Foil ($116M), Electric Batteries ($112M), and Semiconductor Devices ($81.2M). Over the past 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 8.42%,  from $441M in 2018 to $661M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $187M to Malaysia. The main products exported from Hungary to Malaysia were Computers ($42.1M), Electrical Transformers ($12.3M), and Cars ($11.8M). During the last 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 0.0066%, from $187M in 2018 to $187M in 2023.

In 2018, Malaysia exported $661M to Hungary. The main products exported from Malaysia to Hungary were Copper Foil ($116M), Electric Batteries ($112M), and Semiconductor Devices ($81.2M). During the last 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 8.42%, from $441M in 2023 to $661M in 2018.

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

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

Latest Data

Trade between Hungary (Flag) and Malaysia (Flag)

Hungary Exports

Malaysia Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$37.4B
Malaysia
Top Destination
China$79.8B

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

In 2023, countries that imported more from Malaysia than Hungary included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Hungary - Malaysia

Flow
Scale

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

During 2023, Hungary had a large net trade with Malaysia in the exports of Machines ($105M), Instruments ($17.9M), and Transportation ($13.9M).

During 2018, Malaysia had a large net trade with Hungary in the exports of Machines ($472M), Metals ($123M), and Plastics and Rubbers ($27.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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