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About

Hungary-New Zealand Trade: In 2022, Hungary exported $113M to New Zealand. The main products that Hungary exported to New Zealand were Cars ($54.9M), Motor vehicles; parts and accessories (8701 to 8705) ($4.25M), and Trailers and semi-trailers, not mechanically propelled vehicles ($2.52M). Over the past 5 years the exports of Hungary to New Zealand have increased at an annualized rate of 5.62%, from $86.1M in 2017 to $113M in 2022.

In 2020, Hungary exported services to New Zealand worth $2.97M, with Computer and information services ($2.06M), Transportation ($685k), and Royalties and license fees ($114k) being the largest in terms of value.

New Zealand-Hungary Trade: In 2022, New Zealand exported $9.06M to Hungary. The main products that New Zealand exported to Hungary were Other Agricultural Machinery ($1.98M), Broadcasting Equipment ($1.37M), and Metalworking Transfer Machines ($1.23M). Over the past 5 years the exports of New Zealand to Hungary have increased at an annualized rate of 10.8%,  from $5.42M in 2017 to $9.06M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $113M to New Zealand. The main products exported from Hungary to New Zealand were Cars ($54.9M), Motor vehicles; parts and accessories (8701 to 8705) ($4.25M), and Trailers and semi-trailers, not mechanically propelled vehicles ($2.52M). During the last 5 years the exports of Hungary to New Zealand have increased at an annualized rate of 5.62%, from $86.1M in 2017 to $113M in 2022.

In 2017, New Zealand exported $9.06M to Hungary. The main products exported from New Zealand to Hungary were Other Agricultural Machinery ($1.98M), Broadcasting Equipment ($1.37M), and Metalworking Transfer Machines ($1.23M). During the last 5 years the exports of New Zealand to Hungary have increased at an annualized rate of 10.8%, from $5.42M in 2022 to $9.06M in 2017.

Exports from Hungary (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and New Zealand (Flag)

Hungary Exports

New Zealand Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
New Zealand
Top Destination
China$13.1B

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

In 2022, countries that imported more from Hungary than New Zealand included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from New Zealand than Hungary included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

Difference in imports from New Zealand (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - New Zealand

Flow
Scale

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

During 2022, Hungary had a large net trade with New Zealand in the exports of Transportation ($62.3M), Machines ($23.1M), and Chemical Products ($7.22M).

During 2017, New Zealand had a large net trade with Hungary in the exports of Machines ($7.51M), Textiles ($481k), and Foodstuffs ($316k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary New Zealand+$20.4MCars
Top Product Potential New Zealand Hungary+$1.56MTelephones

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

Product Space of Hungary (Flag) and New Zealand (Flag) (2022)

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