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Trade between Hungary and Singapore

In 2024, Hungary exported $450 million to Singapore and imported $812 million. Hungary ran a deficit of $362 million with Singapore, compared with a deficit of $167 million in 2019. Singapore was Hungary’s 33rd largest trading partner (0.4% of its trade), and Hungary was Singapore’s 47th (0.2%).

Summary

Hungary → Singapore
$450million
Singapore → Hungary
$812million
Hungary’s balance
-$362million

Balance

Hungary’s trade balance with Singapore

Trade between Hungary and Singapore grew 22.6-fold since 1995

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

  • Exports 0.4
  • Imports 0.8
  • Balance -0.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$12 million$44 million-$32 million
1996$28 million$53 million-$25 million
1997$136 million$235 million-$99 million
1998$144 million$387 million-$243 million
1999$224 million$426 million-$202 million
2000$219 million$521 million-$302 million
2001$170 million$530 million-$361 million
2002$126 million$458 million-$332 million
2003$94 million$372 million-$278 million
2004$224 million$534 million-$311 million
2005$229 million$723 million-$493 million
2006$183 million$594 million-$411 million
2007$201 million$678 million-$477 million
2008$262 million$841 million-$579 million
2009$309 million$1 billion-$713 million
2010$914 million$974 million-$60 million
2011$1.2 billion$926 million$278 million
2012$436 million$588 million-$152 million
2013$417 million$631 million-$214 million
2014$310 million$541 million-$230 million
2015$273 million$342 million-$69 million
2016$545 million$427 million$118 million
2017$299 million$474 million-$175 million
2018$293 million$453 million-$160 million
2019$274 million$441 million-$167 million
2020$269 million$375 million-$106 million
2021$338 million$638 million-$300 million
2022$332 million$687 million-$355 million
2023$391 million$710 million-$319 million
2024$450 million$812 million-$362 million

What they sell each other

What Hungary sells to Singapore

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

  1. Computers$61 million · 13.6%
    198 tonnes · Hungary’s destinations
  2. Diodes, transistors and solar cells$60 million · 13.3%
    78 tonnes
  3. Turbojets and gas turbines$42 million · 9.3%
    53 tonnes · Hungary’s destinations
  4. Medical and dental instruments$33 million · 7.2%
    1 thousand tonnes · Singapore’s sources
  5. Vaccines, blood and antisera$31 million · 6.9%
    Hungary’s destinations
  6. Cars$31 million · 6.8%
    2 thousand tonnes · Hungary’s destinations
  7. Auto parts$17 million · 3.7%
    356 tonnes · Hungary’s destinations
  8. Computer and office machine parts$12 million · 2.8%
    56 tonnes
  9. Cables and wire$10 million · 2.3%
    350 tonnes · Hungary’s destinations
  10. Other plastic articles$10 million · 2.1%
    170 tonnes

What Singapore sells to Hungary

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

  1. Glands, heparin and organ extracts$216 million · 26.6%
    8 tonnes
  2. Computer and office machine parts$184 million · 22.7%
    1 thousand tonnes
  3. Microchips$103 million · 12.7%
    18 tonnes · Singapore’s destinations
  4. Cameras and broadcast equipment$98 million · 12.1%
    136 tonnes
  5. Polyethers, polyesters and epoxy resins$26 million · 3.1%
    6 thousand tonnes
  6. Natural rubber$25 million · 3.1%
    14 thousand tonnes
  7. Diodes, transistors and solar cells$22 million · 2.7%
    6 thousand tonnes
  8. Computers$16 million · 2%
    86 tonnes · Singapore’s destinations
  9. Synthetic rubber$14 million · 1.7%
    5 thousand tonnes
  10. Transformers and power supplies$11 million · 1.3%
    271 tonnes

How it travels

Estimated sea route from Rijeka (Croatia) to Singapore.

The estimated sea route between Rijeka (Croatia) and Singapore is 12,560 nautical miles (23,261 km) long: ≈ 29–37.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (12,560 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (6,477 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$260 million · 20.6%
  2. Air$1 billion · 79.4%

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

How much each matters to the other

Singapore was Hungary’s 33rd largest trading partner (0.4% of its trade), and Hungary was Singapore’s 47th (0.2%).

Singapore in Hungary’s trade
0.4%
Singapore’s rank among Hungary’s partners
33rd
Hungary in Singapore’s trade
0.2%
Hungary’s rank among Singapore’s partners
47th

Compare with

Other partners of Hungary

Other partners of Singapore

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.