Hungary (HUN) and Sierra Leone (SLE) Trade | The Observatory of Economic Complexity

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Hungary-Sierra Leone Trade: In 2023, Hungary exported $948k to Sierra Leone. The main products that Hungary exported to Sierra Leone were Poultry Meat ($539k), Medical Instruments ($153k), and Other Nitrogen Compounds ($110k). Over the past 5 years the exports of Hungary to Sierra Leone have increased at an annualized rate of 13.5%, from $504k in 2018 to $948k in 2023.

In 2023, Hungary did not export any services to Sierra Leone.

Sierra Leone-Hungary Trade: In 2023, Sierra Leone exported $80.2k to Hungary. The main products that Sierra Leone exported to Hungary were Other Vegetable Products ($78.1k), Broadcasting Equipment ($2.08k), and Aluminium Ore ($1). Over the past 5 years the exports of Sierra Leone to Hungary have increased at an annualized rate of 357%, from $40 in 2018 to $80.2k in 2023.

In 2023, Sierra Leone 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, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $948k to Sierra Leone. The main products exported from Hungary to Sierra Leone were Poultry Meat ($539k), Medical Instruments ($153k), and Other Nitrogen Compounds ($110k). During the last 5 years the exports of Hungary to Sierra Leone have increased at an annualized rate of 13.5%, from $504k in 2018 to $948k in 2023.

In 2018, Sierra Leone exported $80.2k to Hungary. The main products exported from Sierra Leone to Hungary were Other Vegetable Products ($78.1k), Broadcasting Equipment ($2.08k), and Aluminium Ore ($1). During the last 5 years the exports of Sierra Leone to Hungary have increased at an annualized rate of 357%, from $40 in 2023 to $80.2k in 2018.

Exports from Hungary () to Sierra Leone () (2023)

Exports from Sierra Leone () to Hungary () (2023)

Latest Data

Trade between Hungary () and Sierra Leone ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Sierra Leone
Top DestinationChina$1.03B

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

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

In 2023, countries that imported more from Sierra Leone than Hungary included Gambia ($475k).

Difference in imports from Sierra Leone () and Hungary () (2023)

Comparative Advantage Hungary - Sierra Leone

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Sierra Leone in the exports of Animal Products ($539k), Instruments ($153k), and Chemical Products ($110k).

During 2018, Sierra Leone had a large net trade with Hungary in the exports of Vegetable Products ($78.1k), Machines ($2.08k), and Mineral Products ($1).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Sierra Leone+$210kPoultry Meat

Top Product Potential Sierra Leone Hungary+$103kTitanium Ore

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Sierra Leone () (2023)

Exports from Sierra Leone () to Hungary () (2023)

Latest Data

Trade between Hungary () and Sierra Leone ()

Hungary Exports

Market Competitiveness

Difference in imports from Sierra Leone () and Hungary () (2023)

Comparative Advantage Hungary - Sierra Leone

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Sierra Leone () (2023)

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