2021
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GDP
$182BCURRENT US$
Rnk 55 / 204
2011-2021
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GDP GROWTH
28.4%CURRENT US$
Rnk 96 / 204
2021
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 GDP
$63.1BCURRENT US$
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2011-2021
Flag
GDP GROWTH
28.1%CURRENT US$
Rnk 98 / 204
2021
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GDP PC 
$18,772CURRENT US$
Rnk 61 / 204
2011-2021
Flag
GDP PC GROWTH
31.9%CURRENT US$
Rnk 57 / 204
2021
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GDP PC
$9,230CURRENT US$
Rnk 91 / 204
2011-2021
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GDP PC GROWTH
35.6%CURRENT US$
Rnk 53 / 204

About

Hungary-Serbia In 2021, Hungary exported $2.52B to Serbia. The main products that Hungary exported to Serbia are Electricity ($440M), Refined Petroleum ($194M), and Packaged Medicaments ($128M). During the last 15 years the exports of Hungary to Serbia have increased at an annualized rate of 8.84%, from $709M in 2006 to $2.52B in 2021.

In 2021, Hungary did not export any services to Serbia.

Serbia-Hungary In 2021, Serbia exported $1.33B to Hungary. The main products that Serbia exported to Hungary were Insulated Wire ($229M), Integrated Circuits ($162M), and Plastic Pipes ($43.9M). During the last 15 years the exports of Serbia to Hungary have increased at an annualized rate of 12.7%, from $221M in 2006 to $1.33B in 2021.

In 2019, Serbia exported services to Hungary worth $143M, with Transportation ($62.7M), Other business services ($45.9M), and Travel ($19M) being the largest in terms of value.

Comparison In 2021,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.74), and 70 in total exports ($26.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Hungary exported $2.52B to Serbia. The main products exported from Hungary to Serbia were Electricity ($440M), Refined Petroleum ($194M), and Packaged Medicaments ($128M). During the last 15 years the exports of Hungary to Serbia have increased at an annualized rate of 8.84%, from $709M in 2006 to $2.52B in 2021.

In 2021, Serbia exported $1.33B to Hungary. The main products exported from Serbia to Hungary were Insulated Wire ($229M), Integrated Circuits ($162M), and Plastic Pipes ($43.9M). During the last 15 years the exports of Serbia to Hungary have increased at an annualized rate of 12.7%, from $221M in 2006 to $1.33B in 2021.

Exports from Hungary (Flag) to Serbia (Flag) (2021)

Exports from Serbia (Flag) to Hungary (Flag) (2021)

Latest Data

Trade between Hungary (Flag) and Serbia (Flag)

Hungary Exports

Serbia Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.7B
Serbia
Top Destination
Germany$3.27B

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

In 2021, countries that imported more from Hungary than Serbia were Germany ($35.7B), Slovakia ($6.42B), and Romania ($7.25B).

In 2021, countries that imported more from Serbia than Hungary were Bosnia and Herzegovina ($1.83B), Montenegro ($961M), and North Macedonia ($976M).

Difference in imports from Serbia (Flag) and Hungary (Flag) (2021)

Comparative Advantage Hungary - Serbia

Flow
Scale

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

During 2021, Hungary had a large net trade with Serbia in the exports of Mineral Products ($713M), Machines ($510M), and Chemical Products ($268M).

During 2021, Serbia had a large net trade with Hungary in the exports of Machines ($573M), Plastics and Rubbers ($168M), and Metals ($144M).

Service Trade

Bilateral Service Trade

In 2019, Serbia exported services to Hungary worth $143M, with Transportation ($62.7M), Other business services ($45.9M), and Travel ($19M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Hungary.

Product Space of Hungary (Flag) and Serbia (Flag) (2021)

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