Hungary (HUN) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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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 7.29%, 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 7.29%, from $630M in 2022 to $895M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Hungary () (2022)

Comparative Advantage Hungary - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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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 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.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Hungary - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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