Netherlands-Hungary Bilateral Trade Analysis 2023
Complete trade statistics: $11.19B total volume •Netherlands surplus: $2.08B
Netherlands → Hungary
$6.64B
Exports (2023)
Hungary → Netherlands
$4.56B
Imports (2023)
Trade Balance
$2.08B
Surplus for Netherlands
Total Trade
$11.19B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Netherlands and Hungary. Green line shows exports from Netherlands, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Netherlands-Hungary commercial relationship and competitive positioning in global markets.
Netherlands → Hungary Exports
Export Market Intelligence
🎯 Strategic Export Focus
Netherlands's export portfolio to Hungary demonstrates strong diversification across multiple sectors, with electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits representing a key competitive advantage in this bilateral market.
Hungary → Netherlands Imports
Import Dependency Profile
📦 Import Strategy Analysis
Netherlands's import pattern from Hungary reveals strategic sourcingin units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Netherlands demonstrates competitive strength in exportingelectronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits to Hungary, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.19B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Netherlands-Hungary Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.19 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Netherlands maintains a surplus of $2.08 billion
- Export Focus: Netherlands's primary exports include electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, 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, electronic integrated circuits: n.e.c. in heading no. 8542
- Import Dependencies: Key imports from Hungary include units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units, units of automatic data processing machines: storage units, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
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 $11.19B 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 Netherlands leveraging its comparative advantages in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits.
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
Netherlands's specialization in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuitscomplements Hungary's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.19B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.19B 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 $11.19 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits and units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Netherlands's trade surplus of $2.08 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 Netherlands and Hungary represents a total trade volume of $11.19 billion in 2023. This partnership demonstrates a favorable trade balance for Netherlands, with exports exceeding importsby $2.08 billion.
Export Strengths
Netherlands's exports to Hungary total $6.64 billion, with competitive advantages in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, representing $594.54M or9.0% of bilateral exports.
Import Dependencies
Imports from Hungary amount to $4.56 billion, highlighting economic interdependence in units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units, with Units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units comprising6.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Netherlands'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 Netherlands and Hungary in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023