Hungary-Romania Bilateral Trade Analysis 2023
Complete trade statistics: $12.91B total volume •Hungary surplus: $4.07B
Hungary → Romania
$8.49B
Exports (2023)
Romania → Hungary
$4.42B
Imports (2023)
Trade Balance
$4.07B
Surplus for Hungary
Total Trade
$12.91B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Hungary and Romania. 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-Romania commercial relationship and competitive positioning in global markets.
Hungary → Romania Exports
Export Market Intelligence
🎯 Strategic Export Focus
Hungary's export portfolio to Romania 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.
Romania → Hungary Imports
Import Dependency Profile
📦 Import Strategy Analysis
Hungary's import pattern from Romania reveals significant dependencyin electrical energy, 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 Romania, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $12.91B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Hungary-Romania Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $12.91 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Hungary maintains a surplus of $4.07 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, electrical energy, telephones for cellular networks or for other wireless networks
- Import Dependencies: Key imports from Romania include electrical energy, insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537
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 $12.91B 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 Romania's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electrical energy.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $12.91B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $12.91B 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 $12.91 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 electrical energy demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Hungary's trade surplus of $4.07 billion strengthens 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 Romania represents a total trade volume of $12.91 billion in 2023. This partnership demonstrates a favorable trade balance for Hungary, with exports exceeding importsby $4.07 billion.
Export Strengths
Hungary's exports to Romania total $8.49 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 $516.61M or6.1% of bilateral exports.
Import Dependencies
Imports from Romania amount to $4.42 billion, highlighting economic interdependence in electrical energy, with Electrical energy comprising12.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Hungary's competitive position in this bilateral relationship. 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 Romania in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023