Hungary-Poland Bilateral Trade Analysis 2023
Complete trade statistics: $15.14B total volume •Hungary deficit: $1.74B
Hungary → Poland
$6.70B
Exports (2023)
Poland → Hungary
$8.44B
Imports (2023)
Trade Balance
$1.74B
Deficit for Hungary
Total Trade
$15.14B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Hungary and Poland. 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-Poland commercial relationship and competitive positioning in global markets.
Hungary → Poland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Hungary's export portfolio to Poland demonstrates strong diversification across multiple sectors, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Poland → Hungary Imports
Import Dependency Profile
📦 Import Strategy Analysis
Hungary's import pattern from Poland reveals strategic sourcingin engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Hungary demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Poland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $15.14B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Hungary-Poland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $15.14 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Hungary maintains a deficit of $1.74 billion
- Export Focus: Hungary's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen
- Import Dependencies: Key imports from Poland include engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft), electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen
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 $15.14B 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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Poland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $15.14B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $15.14B 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 $15.14 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Hungary's trade deficit of $1.74 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 Poland represents a total trade volume of $15.14 billion in 2023. This partnership demonstrates an unfavorable trade balance for Hungary, with imports exceeding exportsby $1.74 billion.
Export Strengths
Hungary's exports to Poland total $6.70 billion, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $395.30M or5.9% of bilateral exports.
Import Dependencies
Imports from Poland amount to $8.44 billion, highlighting economic interdependence in engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft), with Engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft) comprising3.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Hungary's strategic sourcing from Poland. 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 Poland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023