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2022
Flag → Flag
Exports $602MRnk 45 / 218
2022
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Top Product $115MElectric Batteries
2022
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Exports $241MRnk 50 / 205
2022
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Top Product $72.2MComputers
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
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GDP PC$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Malaysia-Hungary Trade: In 2022, Malaysia exported $602M to Hungary. The main products that Malaysia exported to Hungary were Electric Batteries ($115M), Computers ($59.8M), and Vacuum Cleaners ($54.8M). Over the past 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 7.72%, from $415M in 2017 to $602M in 2022.

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

Hungary-Malaysia Trade: In 2022, Hungary exported $241M to Malaysia. The main products that Hungary exported to Malaysia were Computers ($72.2M), Electrical Transformers ($22.8M), and Medical Instruments ($18.6M). Over the past 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 2.28%,  from $184M in 2017 to $241M in 2022.

In 2020, Hungary exported services to Malaysia worth $21.5M, with Other business services ($14.3M), Computer and information services ($4.8M), and Transportation ($2.4M) being the largest in terms of value.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR359M and imported MYR72.3M from Hungary, resulting in a positive trade balance of MYR287M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR229M (175%) from MYR131M to MYR359M, while imports increased by MYR23.6M (48.6%) from MYR48.6M to MYR72.3M.

Trade In August 2024, the top exports of Malaysia to Hungary were Electric Batteries (MYR51.6M), Computers (MYR33.7M), Semiconductor Devices (MYR22.2M), Motor-working Tools (MYR16.4M), and Office Machine Parts (MYR8.58M). In August 2024 the top imports of Malaysia from Hungary were Computers (MYR20.1M), Electrical Transformers (MYR13M), Medical Instruments (MYR8.36M), Insulated Wire (MYR5.27M), and Soybean Oil (MYR2.49M).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Hungary was explained primarily by an increase in product exports in Electric Batteries (MYR23M or 80.6%), Electrical Control Boards (MYR3.92M or 204%), and Oscilloscopes (MYR3.18M or 228%). In August 2024, the increase in Malaysia's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Medical Instruments (MYR7.84M or 1.51k%), Electrical Transformers (MYR7.66M or 144%), and Computers (MYR4.09M or 25.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR229M(175%)
IMPORT GROWTH (August 2023 - August 2024)MYR23.6M(48.6%)

This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot or any product to explore the exports or imports behavior of Malaysia over time.

To check Hungary and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $602M to Hungary. The main products exported from Malaysia to Hungary were Electric Batteries ($115M), Computers ($59.8M), and Vacuum Cleaners ($54.8M). During the last 5 years the exports of Malaysia to Hungary have increased at an annualized rate of 7.72%, from $415M in 2017 to $602M in 2022.

In 2017, Hungary exported $241M to Malaysia. The main products exported from Hungary to Malaysia were Computers ($72.2M), Electrical Transformers ($22.8M), and Medical Instruments ($18.6M). During the last 5 years the exports of Hungary to Malaysia have increased at an annualized rate of 2.28%, from $184M in 2022 to $241M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Malaysia than Hungary included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

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

Comparative Advantage Malaysia - Hungary

Flow
Scale

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

During 2022, Malaysia had a large net trade with Hungary in the exports of Machines ($479M), Metals ($35.7M), and Plastics and Rubbers ($33.2M).

During 2017, Hungary had a large net trade with Malaysia in the exports of Machines ($149M), Instruments ($27.4M), and Transportation ($17.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Hungary+$44.5MIntegrated Circuits
Top Product Potential Hungary Malaysia+$22.5MComputers

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 Malaysia worth $21.5M, with Other business services ($14.3M), Computer and information services ($4.8M), and Transportation ($2.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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