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Trade between Hong Kong and Hungary

In 2024, Hong Kong exported $1.9 billion to Hungary and imported $419 million. Hong Kong ran a surplus of $1.5 billion with Hungary, compared with a surplus of $617 million in 2019. Hungary was Hong Kong’s 27th largest trading partner (0.3% of its trade), and Hong Kong was Hungary’s 26th (0.8%).

Summary

Hong Kong → Hungary
$1.9billion
Hungary → Hong Kong
$419million
Hong Kong’s balance
$1.5billion

Balance

Hong Kong’s trade balance with Hungary

Trade between Hong Kong and Hungary grew 29.1-fold since 1995

USD billions (current). Hong Kong’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.9
  • Imports 0.4
  • Balance +1.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$61 million$19 million$42 million
1996$69 million$16 million$53 million
1997$70 million$16 million$54 million
1998$99 million$12 million$87 million
1999$125 million$20 million$105 million
2000$120 million$31 million$89 million
2001$139 million$40 million$99 million
2002$223 million$288 million-$65 million
2003$327 million$176 million$152 million
2004$708 million$127 million$580 million
2005$868 million$112 million$756 million
2006$1.2 billion$141 million$1.1 billion
2007$1.8 billion$161 million$1.6 billion
2008$1.3 billion$208 million$1.1 billion
2009$983 million$189 million$794 million
2010$1.5 billion$259 million$1.2 billion
2011$1.1 billion$359 million$724 million
2012$776 million$337 million$439 million
2013$709 million$276 million$433 million
2014$622 million$261 million$361 million
2015$595 million$275 million$320 million
2016$713 million$304 million$409 million
2017$793 million$305 million$489 million
2018$940 million$372 million$568 million
2019$981 million$364 million$617 million
2020$1.2 billion$343 million$871 million
2021$1.6 billion$349 million$1.3 billion
2022$1.9 billion$403 million$1.5 billion
2023$1.5 billion$550 million$932 million
2024$1.9 billion$419 million$1.5 billion

What they sell each other

What Hong Kong sells to Hungary

The top 10 headings in 2024, with their share of the total.

  1. Computer and office machine parts$429 million · 22.4%
    967 tonnes
  2. Printed circuit boards$246 million · 12.8%
    5 thousand tonnes
  3. Cameras and broadcast equipment$203 million · 10.6%
    467 tonnes
  4. Computers$190 million · 9.9%
    596 tonnes · Hong Kong’s destinations
  5. Microchips$164 million · 8.5%
    100 tonnes · Hong Kong’s destinations
  6. Transformers and power supplies$74 million · 3.9%
    2 thousand tonnes
  7. Electric motors and generators$61 million · 3.2%
    3 thousand tonnes
  8. Control panels$46 million · 2.4%
    353 tonnes
  9. Air conditioners$43 million · 2.2%
    6 thousand tonnes
  10. Cables and wire$27 million · 1.4%
    709 tonnes · Hungary’s sources

What Hungary sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Cameras and broadcast equipment$121 million · 29%
    319 tonnes
  2. Transformers and power supplies$75 million · 17.9%
    718 tonnes
  3. Diodes, transistors and solar cells$31 million · 7.3%
    104 tonnes
  4. Computers$29 million · 6.9%
    191 tonnes · Hungary’s destinations
  5. Phones and telecom equipment$29 million · 6.9%
    309 tonnes
  6. Railway parts$13 million · 3.1%
    56 tonnes
  7. Low-voltage switches and connectors$11 million · 2.6%
    149 tonnes
  8. Microchips$11 million · 2.5%
    7 tonnes · Hong Kong’s sources
  9. Computer and office machine parts$8 million · 2%
    50 tonnes
  10. Cars$7 million · 1.6%
    359 tonnes · Hungary’s destinations

How it travels

Estimated sea route from Hong Kong to Rijeka (Croatia).

The estimated sea route between Hong Kong and Rijeka (Croatia) is 14,018 nautical miles (25,962 km) long: ≈ 32.5–41.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore, the Cape of Good Hope and the Strait of Gibraltar (14,018 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait and the Suez Canal (7,893 nautical miles).

Hungary is landlocked: it ships through Rijeka (Croatia).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$471 million · 20.1%
  2. Air$1.9 billion · 79.9%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Hungary was Hong Kong’s 27th largest trading partner (0.3% of its trade), and Hong Kong was Hungary’s 26th (0.8%).

Hungary in Hong Kong’s trade
0.3%
Hungary’s rank among Hong Kong’s partners
27th
Hong Kong in Hungary’s trade
0.8%
Hong Kong’s rank among Hungary’s partners
26th

Compare with

Other partners of Hong Kong

Other partners of Hungary

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.