2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195

About

Netherlands-Hungary Trade: In 2023, Netherlands exported $6.53B to Hungary. The main products that Netherlands exported to Hungary were Integrated Circuits ($1.02B), Vaccines, blood, antisera, toxins and cultures ($597M), and Broadcasting Equipment ($404M). Over the past 5 years the exports of Netherlands to Hungary have increased at an annualized rate of 3.33%, from $5.55B in 2018 to $6.53B in 2023.

In 2020, Netherlands exported services to Hungary worth $995M, with Other business services ($461M), Transportation ($217M), and Royalties and license fees ($156M) being the largest in terms of value.

Hungary-Netherlands Trade: In 2023, Hungary exported $4.31B to Netherlands. The main products that Hungary exported to Netherlands were Computers ($484M), Office Machine Parts ($382M), and Broadcasting Equipment ($274M). Over the past 5 years the exports of Hungary to Netherlands have increased at an annualized rate of 4.1%,  from $3.52B in 2018 to $4.31B in 2023.

In 2020, Hungary exported services to Netherlands worth $840M, with Other business services ($345M), Transportation ($276M), and Royalties and license fees ($72.4M) being the largest in terms of value.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $6.53B to Hungary. The main products exported from Netherlands to Hungary were Integrated Circuits ($1.02B), Vaccines, blood, antisera, toxins and cultures ($597M), and Broadcasting Equipment ($404M). During the last 5 years the exports of Netherlands to Hungary have increased at an annualized rate of 3.33%, from $5.55B in 2018 to $6.53B in 2023.

In 2018, Hungary exported $4.31B to Netherlands. The main products exported from Hungary to Netherlands were Computers ($484M), Office Machine Parts ($382M), and Broadcasting Equipment ($274M). During the last 5 years the exports of Hungary to Netherlands have increased at an annualized rate of 4.1%, from $3.52B in 2023 to $4.31B in 2018.

Exports from Netherlands (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Netherlands (Flag) (2023)

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Hungary
Top Destination
Germany$37.4B

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

In 2023, countries that imported more from Netherlands than Hungary included Belgium ($87B), France ($67.3B), and Germany ($96.9B).

In 2023, countries that imported more from Hungary than Netherlands included Slovakia ($6.54B), Romania ($8.43B), and Serbia ($1.83B).

Difference in imports from Hungary (Flag) and Netherlands (Flag) (2023)

Comparative Advantage Netherlands - Hungary

Flow
Scale

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

During 2023, Netherlands had a large net trade with Hungary in the exports of Machines ($2.82B), Chemical Products ($1.33B), and Metals ($416M).

During 2018, Hungary had a large net trade with Netherlands in the exports of Machines ($2.26B), Transportation ($397M), and Plastics and Rubbers ($375M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Hungary+$67MRefined Petroleum
Top Product Potential Hungary Netherlands+$139MCars

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, Netherlands exported services to Hungary worth $995M, with Other business services ($461M), Transportation ($217M), and Royalties and license fees ($156M) being the largest in terms of value.

In 2020, Hungary exported services to Netherlands worth $840M, with Other business services ($345M), Transportation ($276M), and Royalties and license fees ($72.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Netherlands (Flag) and Hungary (Flag) (2023)

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