2022
Flag  
GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
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GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Czechia-Hungary Trade: In 2022, Czechia exported $7.87B to Hungary. The main products that Czechia exported to Hungary were Broadcasting Equipment ($1.09B), Motor vehicles; parts and accessories (8701 to 8705) ($762M), and Cars ($520M). Over the past 5 years the exports of Czechia to Hungary have increased at an annualized rate of 8.35%, from $5.27B in 2017 to $7.87B in 2022.

In 2019, Czechia exported services to Hungary worth $509M, with Transportation ($230M), Other business services ($127M), and Travel ($82.4M) being the largest in terms of value.

Hungary-Czechia Trade: In 2022, Hungary exported $5.72B to Czechia. The main products that Hungary exported to Czechia were Electric Batteries ($808M), Motor vehicles; parts and accessories (8701 to 8705) ($337M), and Packaged Medicaments ($271M). Over the past 5 years the exports of Hungary to Czechia have increased at an annualized rate of 4.05%,  from $4.69B in 2017 to $5.72B in 2022.

In 2020, Hungary exported services to Czechia worth $395M, with Other business services ($146M), Transportation ($107M), and Travel ($88.5M) being the largest in terms of value.

Comparison: In 2022,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Czechia exported $7.87B to Hungary. The main products exported from Czechia to Hungary were Broadcasting Equipment ($1.09B), Motor vehicles; parts and accessories (8701 to 8705) ($762M), and Cars ($520M). During the last 5 years the exports of Czechia to Hungary have increased at an annualized rate of 8.35%, from $5.27B in 2017 to $7.87B in 2022.

In 2017, Hungary exported $5.72B to Czechia. The main products exported from Hungary to Czechia were Electric Batteries ($808M), Motor vehicles; parts and accessories (8701 to 8705) ($337M), and Packaged Medicaments ($271M). During the last 5 years the exports of Hungary to Czechia have increased at an annualized rate of 4.05%, from $4.69B in 2022 to $5.72B in 2017.

Exports from Czechia (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Czechia (Flag) (2022)

Latest Data

Trade between Czechia (Flag) and Hungary (Flag)

Czechia Exports

Hungary Exports

Market Competitiveness

Color
Czechia
Top Destination
Germany$75.3B
Hungary
Top Destination
Germany$35.5B

This map shows whether countries import more from Czechia or Hungary. Each country is colored based on the difference in imports they receive from Czechia and Hungary or the difference in the growth in imports.

In 2022, countries that imported more from Czechia than Hungary included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

In 2022, countries that imported more from Hungary than Czechia included Romania ($7.94B), Serbia ($3.42B), and Croatia ($3.19B).

Difference in imports from Hungary (Flag) and Czechia (Flag) (2022)

Comparative Advantage Czechia - Hungary

Flow
Scale

This chart compares trade between Czechia and Hungary by product, considering products traded by both, Czechia and Hungary.

During 2022, Czechia had a large net trade with Hungary in the exports of Machines ($3.1B), Transportation ($1.37B), and Metals ($752M).

During 2017, Hungary had a large net trade with Czechia in the exports of Machines ($2.5B), Chemical Products ($696M), and Transportation ($568M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Czechia Hungary+$71.2MCars
Top Product Potential Hungary Czechia+$90.3MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2019, Czechia exported services to Hungary worth $509M, with Transportation ($230M), Other business services ($127M), and Travel ($82.4M) being the largest in terms of value.

In 2020, Hungary exported services to Czechia worth $395M, with Other business services ($146M), Transportation ($107M), and Travel ($88.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia (Flag) to Hungary (Flag) (2019)

Services Exports from Hungary (Flag) to Czechia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Czechia and Hungary. This means that a dot/product with the flag of Czechia indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Czechia.

Product Space of Czechia (Flag) and Hungary (Flag) (2022)

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