2023
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GDP
$212BCURRENT US$
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2013-2023
Flag
GDP GROWTH
56.5%CURRENT US$
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2023
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GDP PC 
$22,142CURRENT US$
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2013-2023
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GDP PC GROWTH
61.4%CURRENT US$
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About

Hungary-Chinese Taipei Trade: In 2023, Hungary exported $356M to Chinese Taipei. The main products that Hungary exported to Chinese Taipei were Cars ($89.6M), Electric Motors ($26.6M), and Electric Generating Sets ($24.2M). Over the past 5 years the exports of Hungary to Chinese Taipei have increased at an annualized rate of 4.99%, from $279M in 2018 to $356M in 2023.

In 2023, Hungary did not export any services to Chinese Taipei.

Chinese Taipei-Hungary Trade: In 2023, Chinese Taipei exported $865M to Hungary. The main products that Chinese Taipei exported to Hungary were Broadcasting Equipment ($119M), Integrated Circuits ($118M), and Computers ($87.8M). Over the past 5 years the exports of Chinese Taipei to Hungary have increased at an annualized rate of 9.29%,  from $555M in 2018 to $865M in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $356M to Chinese Taipei. The main products exported from Hungary to Chinese Taipei were Cars ($89.6M), Electric Motors ($26.6M), and Electric Generating Sets ($24.2M). During the last 5 years the exports of Hungary to Chinese Taipei have increased at an annualized rate of 4.99%, from $279M in 2018 to $356M in 2023.

In 2018, Chinese Taipei exported $865M to Hungary. The main products exported from Chinese Taipei to Hungary were Broadcasting Equipment ($119M), Integrated Circuits ($118M), and Computers ($87.8M). During the last 5 years the exports of Chinese Taipei to Hungary have increased at an annualized rate of 9.29%, from $555M in 2023 to $865M in 2018.

Exports from Hungary (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Hungary (Flag) (2023)

Market Competitiveness

Color
Hungary
Top Destination
Germany$37.4B
Chinese Taipei
Top Destination
China$101B

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

In 2023, countries that imported more from Chinese Taipei than Hungary included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Hungary (Flag) (2023)

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 2023, Hungary had a large net trade with Chinese Taipei in the exports of Machines ($170M), Transportation ($106M), and Instruments ($29M).

During 2018, Chinese Taipei had a large net trade with Hungary in the exports of Machines ($706M), Transportation ($87.8M), and Metals ($26.4M).

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) (2023)

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