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-32.5%CURRENT US$
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38.8%CURRENT US$
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$33,815CURRENT US$
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$18,463CURRENT US$
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About

Japan-Hungary Trade: In 2022, Japan exported $1.5B to Hungary. The main products that Japan exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($205M), Spark-Ignition Engines ($125M), and Cars ($109M). Over the past 5 years the exports of Japan to Hungary have increased at an annualized rate of 0.2%, from $1.49B in 2017 to $1.5B in 2022.

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

Hungary-Japan Trade: In 2022, Hungary exported $1.06B to Japan. The main products that Hungary exported to Japan were Cars ($347M), Office Machine Parts ($58.2M), and Computers ($38.1M). Over the past 5 years the exports of Hungary to Japan have increased at an annualized rate of 4.85%,  from $834M in 2017 to $1.06B in 2022.

In 2020, Hungary exported services to Japan worth $297M, with Royalties and license fees ($252M), Transportation ($16.1M), and Other business services ($14.4M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $1.5B to Hungary. The main products exported from Japan to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($205M), Spark-Ignition Engines ($125M), and Cars ($109M). During the last 5 years the exports of Japan to Hungary have increased at an annualized rate of 0.2%, from $1.49B in 2017 to $1.5B in 2022.

In 2017, Hungary exported $1.06B to Japan. The main products exported from Hungary to Japan were Cars ($347M), Office Machine Parts ($58.2M), and Computers ($38.1M). During the last 5 years the exports of Hungary to Japan have increased at an annualized rate of 4.85%, from $834M in 2022 to $1.06B in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Japan than Hungary included China ($135B), United States ($137B), and South Korea ($50.8B).

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

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

Comparative Advantage Japan - Hungary

Flow
Scale

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

During 2022, Japan had a large net trade with Hungary in the exports of Machines ($840M), Transportation ($359M), and Plastics and Rubbers ($75.7M).

During 2017, Hungary had a large net trade with Japan in the exports of Transportation ($419M), Machines ($327M), and Chemical Products ($96.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Hungary+$99.2MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Hungary Japan+$117MCars

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 Japan worth $297M, with Royalties and license fees ($252M), Transportation ($16.1M), and Other business services ($14.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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