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2022
Flag → Flag
Exports $432MRnk 39 / 205
2022
Flag → Flag
Top Product $99.5MElectric Generating Sets
2022
Flag → Flag
Exports $895MRnk 36 / 210
2022
Flag → Flag
Top Product $117MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Hungary-Chinese Taipei Trade: In 2022, Hungary exported $432M to Chinese Taipei. The main products that Hungary exported to Chinese Taipei were Electric Generating Sets ($99.5M), Electric Motors ($77.2M), and Cars ($48.9M). Over the past 5 years the exports of Hungary to Chinese Taipei have increased at an annualized rate of 11.9%, from $246M in 2017 to $432M in 2022.

In 2022, Hungary did not export any services to Chinese Taipei.

Chinese Taipei-Hungary Trade: In 2022, Chinese Taipei exported $895M to Hungary. The main products that Chinese Taipei exported to Hungary were Office Machine Parts ($117M), Bi-Wheel Vehicle Parts ($114M), and Integrated Circuits ($109M). Over the past 5 years the exports of Chinese Taipei to Hungary have increased at an annualized rate of 1.97%,  from $630M in 2017 to $895M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $432M to Chinese Taipei. The main products exported from Hungary to Chinese Taipei were Electric Generating Sets ($99.5M), Electric Motors ($77.2M), and Cars ($48.9M). During the last 5 years the exports of Hungary to Chinese Taipei have increased at an annualized rate of 11.9%, from $246M in 2017 to $432M in 2022.

In 2017, Chinese Taipei exported $895M to Hungary. The main products exported from Chinese Taipei to Hungary were Office Machine Parts ($117M), Bi-Wheel Vehicle Parts ($114M), and Integrated Circuits ($109M). During the last 5 years the exports of Chinese Taipei to Hungary have increased at an annualized rate of 1.97%, from $630M in 2022 to $895M in 2017.

Exports from Hungary (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Hungary (Flag) (2022)

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Chinese Taipei
Top DestinationChina$121B

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

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

In 2022, countries that imported more from Chinese Taipei than Hungary included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - Chinese Taipei

Flow
Scale

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

During 2022, Hungary had a large net trade with Chinese Taipei in the exports of Machines ($302M), Transportation ($63M), and Instruments ($21.3M).

During 2017, Chinese Taipei had a large net trade with Hungary in the exports of Machines ($671M), Transportation ($136M), and Metals ($36.9M).

Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Chinese Taipei (Flag) (2022)

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