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2023
Flag → Flag
Exports $25.5MRnk 89 / 201
2023
Flag → Flag
Top Product $7.61MGas Turbines
2023
Flag → Flag
Exports $50.9MRnk 42 / 200
2023
Flag → Flag
Top Product $22.2MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Hungary-Sri Lanka Trade: In 2023, Hungary exported $25.5M to Sri Lanka. The main products that Hungary exported to Sri Lanka were Gas Turbines ($7.61M), Scented Mixtures ($4.78M), and Other Edible Preparations ($4.35M). Over the past 5 years the exports of Hungary to Sri Lanka have increased at an annualized rate of 26.6%, from $7.83M in 2018 to $25.5M in 2023.

In 2023, Hungary did not export any services to Sri Lanka.

Sri Lanka-Hungary Trade: In 2023, Sri Lanka exported $50.9M to Hungary. The main products that Sri Lanka exported to Hungary were Raw Tobacco ($22.2M), Processed Tobacco ($19.1M), and Used Rubber Tires ($1.37M). Over the past 5 years the exports of Sri Lanka to Hungary have increased at an annualized rate of 2.96%,  from $44M in 2018 to $50.9M in 2023.

In 2023, Sri Lanka did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $25.5M to Sri Lanka. The main products exported from Hungary to Sri Lanka were Gas Turbines ($7.61M), Scented Mixtures ($4.78M), and Other Edible Preparations ($4.35M). During the last 5 years the exports of Hungary to Sri Lanka have increased at an annualized rate of 26.6%, from $7.83M in 2018 to $25.5M in 2023.

In 2018, Sri Lanka exported $50.9M to Hungary. The main products exported from Sri Lanka to Hungary were Raw Tobacco ($22.2M), Processed Tobacco ($19.1M), and Used Rubber Tires ($1.37M). During the last 5 years the exports of Sri Lanka to Hungary have increased at an annualized rate of 2.96%, from $44M in 2023 to $50.9M in 2018.

Exports from Hungary (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Sri Lanka (Flag)

Hungary Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Hungary than Sri Lanka included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, countries that imported more from Sri Lanka than Hungary included India ($991M), Maldives ($168M), and Bangladesh ($177M).

Difference in imports from Sri Lanka (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - Sri Lanka

Flow
Scale

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

During 2023, Hungary had a large net trade with Sri Lanka in the exports of Machines ($9.38M), Chemical Products ($7.93M), and Foodstuffs ($4.52M).

During 2018, Sri Lanka had a large net trade with Hungary in the exports of Foodstuffs ($42.1M), Machines ($2.33M), and Vegetable Products ($2.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Sri Lanka+$575kElectrical Control Boards
Top Product Potential Sri Lanka Hungary+$1.02MRubber Tires

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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Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Sri Lanka (Flag) (2023)

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