Hungary (HUN) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Hungary-Papua New Guinea Trade: In 2022, Hungary exported $38.1k to Papua New Guinea. The main products that Hungary exported to Papua New Guinea were Broadcasting Equipment ($19.4k), Plastic Lids ($17k), and Electrical Transformers ($1.7k). Over the past 5 years the exports of Hungary to Papua New Guinea have decreased at an annualized rate of 1.84%, from $41.8k in 2017 to $38.1k in 2022.

In 2022, Hungary did not export any services to Papua New Guinea.

Papua New Guinea-Hungary In N/A, Papua New Guinea did not export any products to Hungary.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $38.1k to Papua New Guinea. The main products exported from Hungary to Papua New Guinea were Broadcasting Equipment ($19.4k), Plastic Lids ($17k), and Electrical Transformers ($1.7k). During the last 5 years the exports of Hungary to Papua New Guinea have decreased at an annualized rate of 1.84%, from $41.8k in 2017 to $38.1k in 2022.

Papua New Guinea does not register exports to Hungary. The main products exported from Papua New Guinea to Hungary were Sawn Wood ($28k), Tool Sets ($1.07k), and Aircraft Parts ($1.07k).

Exports from Hungary () to Papua New Guinea () (2022)

Exports from Papua New Guinea () to Hungary () (2022)

Latest Data

Trade between Hungary () and Papua New Guinea ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from Hungary than Papua New Guinea included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Papua New Guinea than Hungary included Japan ($4.03B), Chinese Taipei ($1.46B), and Australia ($1.74B).

Difference in imports from Papua New Guinea () and Hungary () (2022)

Comparative Advantage Hungary - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Hungary and Papua New Guinea by product, considering products traded by both, Hungary and Papua New Guinea.

During 2022, Hungary had a large net trade with Papua New Guinea in the exports of Machines ($21.2k) and Plastics and Rubbers ($17k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Papua New Guinea+$97.6kTelephones

Top Product Potential Papua New Guinea Hungary+$76.2kSawn Wood

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Papua New Guinea () (2022)

Exports from Papua New Guinea () to Hungary () (2022)

Latest Data

Trade between Hungary () and Papua New Guinea ()

Hungary Exports

Market Competitiveness

Difference in imports from Papua New Guinea () and Hungary () (2022)

Comparative Advantage Hungary - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Papua New Guinea () (2022)

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