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2022
Flag → Flag
Exports $142MRnk 85 / 216
2022
Flag → Flag
Top Product $20.4MSynthetic Rubber
2022
Flag → Flag
Exports $100MRnk 63 / 205
2022
Flag → Flag
Top Product $15.6MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Indonesia-Hungary Trade: In 2022, Indonesia exported $142M to Hungary. The main products that Indonesia exported to Hungary were Synthetic Rubber ($20.4M), Electric Heaters ($19.5M), and Other Electrical Machinery ($17.9M). Over the past 5 years the exports of Indonesia to Hungary have increased at an annualized rate of 1.85%, from $129M in 2017 to $142M in 2022.

In 2022, Indonesia did not export any services to Hungary.

Hungary-Indonesia Trade: In 2022, Hungary exported $100M to Indonesia. The main products that Hungary exported to Indonesia were Broadcasting Equipment ($15.6M), Gas Turbines ($11.4M), and Computers ($9.41M). Over the past 5 years the exports of Hungary to Indonesia have increased at an annualized rate of 11.1%,  from $59.2M in 2017 to $100M in 2022.

In 2020, Hungary exported services to Indonesia worth $38M, with Computer and information services ($36.7M), Transportation ($571k), and Royalties and license fees ($571k) being the largest in terms of value.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Indonesia exported $142M to Hungary. The main products exported from Indonesia to Hungary were Synthetic Rubber ($20.4M), Electric Heaters ($19.5M), and Other Electrical Machinery ($17.9M). During the last 5 years the exports of Indonesia to Hungary have increased at an annualized rate of 1.85%, from $129M in 2017 to $142M in 2022.

In 2017, Hungary exported $100M to Indonesia. The main products exported from Hungary to Indonesia were Broadcasting Equipment ($15.6M), Gas Turbines ($11.4M), and Computers ($9.41M). During the last 5 years the exports of Hungary to Indonesia have increased at an annualized rate of 11.1%, from $59.2M in 2022 to $100M in 2017.

Exports from Indonesia (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Indonesia (Flag) (2022)

Latest Data

Trade between Indonesia (Flag) and Hungary (Flag)

Indonesia Exports

Hungary Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Indonesia than Hungary included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Difference in imports from Hungary (Flag) and Indonesia (Flag) (2022)

Comparative Advantage Indonesia - Hungary

Flow
Scale

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

During 2022, Indonesia had a large net trade with Hungary in the exports of Machines ($83M), Plastics and Rubbers ($33.5M), and Textiles ($7.63M).

During 2017, Hungary had a large net trade with Indonesia in the exports of Machines ($61.3M), Chemical Products ($7.45M), and Transportation ($6.75M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Hungary+$18.5MTelephones
Top Product Potential Hungary Indonesia+$25.3MComputers

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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Bilateral Service Trade

In 2020, Hungary exported services to Indonesia worth $38M, with Computer and information services ($36.7M), Transportation ($571k), and Royalties and license fees ($571k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Indonesia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Indonesia (Flag) and Hungary (Flag) (2022)

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