Hungary-China Bilateral Trade Analysis 2023
Complete trade statistics: $13.14B total volume •Hungary deficit: $6.96B
Hungary → China
$3.09B
Exports (2023)
China → Hungary
$10.05B
Imports (2023)
Trade Balance
$6.96B
Deficit for Hungary
Total Trade
$13.14B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Hungary and China. Green line shows exports from Hungary, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Hungary-China commercial relationship and competitive positioning in global markets.
Hungary → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Hungary's export portfolio to China demonstrates strong diversification across multiple sectors, with radio navigational aid apparatus representing a key competitive advantage in this bilateral market.
China → Hungary Imports
Import Dependency Profile
📦 Import Strategy Analysis
Hungary's import pattern from China reveals significant dependencyin telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Hungary demonstrates competitive strength in exportingradio navigational aid apparatus to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $13.14B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Hungary-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $13.14 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Hungary maintains a deficit of $6.96 billion
- Export Focus: Hungary's primary exports include radio navigational aid apparatus, electrical static converters, sanitary towels (pads) and tampons, napkins and napkin liners for babies and similar articles, of any material
- Import Dependencies: Key imports from China include telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts, electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $13.14B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Hungary leveraging its comparative advantages in radio navigational aid apparatus.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Hungary's specialization in radio navigational aid apparatuscomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $13.14B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $13.14B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $13.14 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in radio navigational aid apparatus and telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Hungary's trade deficit of $6.96 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Hungary and China represents a total trade volume of $13.14 billion in 2023. This partnership demonstrates an unfavorable trade balance for Hungary, with imports exceeding exportsby $6.96 billion.
Export Strengths
Hungary's exports to China total $3.09 billion, with competitive advantages in radio navigational aid apparatus, representing $478.52M or15.5% of bilateral exports.
Import Dependencies
Imports from China amount to $10.05 billion, highlighting economic interdependence in telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts, with Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts comprising8.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Hungary's strategic sourcing from China. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Hungary and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023