Flag Hungary / Serbia Flag

2020
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Exports
: $1.91B, Rnk 19 / 205

2020
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Top Product
: $212M, Electricity

2020
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Exports
: $947M, Rnk 6 / 170

2020
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Top Product
: $194M, Insulated Wire

2020
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Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
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Economic Complexity (ECI)
: ECI 0.68, Rnk 37 / 127

2020
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GDP
: $156B, CURRENT US$
Rnk 54 / 195

2010-2020
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GDP GROWTH
: 17.8%, CURRENT US$
Rnk 122 / 195

2020
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 GDP
: $53.3B, CURRENT US$
Rnk 86 / 195

2010-2020
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GDP GROWTH
: 27.5%, CURRENT US$
Rnk 101 / 195

2020
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GDP PC 
: $15,981, CURRENT US$
Rnk 52 / 195

2010-2020
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GDP PC GROWTH
: 20.9%, CURRENT US$
Rnk 86 / 195

2020
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GDP PC
: $7,721, CURRENT US$
Rnk 81 / 195

2010-2020
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GDP PC GROWTH
: 34.6%, CURRENT US$
Rnk 49 / 195

Hungary-Serbia In 2020, Hungary exported $1.91B to Serbia. The main products that Hungary exported to Serbia are Electricity ($212M), Refined Petroleum ($159M), and Packaged Medicaments ($129M). During the last 14 years the exports of Hungary to Serbia have increased at an annualized rate of 7.31%, from $709M in 2006 to $1.91B in 2020.

In 2020, Hungary did not export any services to Serbia.

Serbia-Hungary In 2020, Serbia exported $947M to Hungary. The main products that Serbia exported to Hungary were Insulated Wire ($194M), Integrated Circuits ($96.8M), and Plastic Pipes ($43.5M). During the last 14 years the exports of Serbia to Hungary have increased at an annualized rate of 11%, from $221M in 2006 to $947M in 2020.

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 2020,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B). That same year, Serbia ranked 37 in the Economic Complexity Index (ECI 0.68), and 68 in total exports ($20.6B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Hungary exported $1.91B to Serbia. The main products exported from Hungary to Serbia were Electricity ($212M), Refined Petroleum ($159M), and Packaged Medicaments ($129M). During the last 14 years the exports of Hungary to Serbia have increased at an annualized rate of 7.31%, from $709M in 2006 to $1.91B in 2020.

In 2020, Serbia exported $947M to Hungary. The main products exported from Serbia to Hungary were Insulated Wire ($194M), Integrated Circuits ($96.8M), and Plastic Pipes ($43.5M). During the last 14 years the exports of Serbia to Hungary have increased at an annualized rate of 11%, from $221M in 2006 to $947M in 2020.

Hungary Exports

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Serbia Exports

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Market Competitiveness

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Measure

Hungary
Top Destination
: Germany, $31.4B

Serbia
Top Destination
: Germany, $2.55B

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 2019, countries that imported more from Hungary than Serbia were Germany ($31.4B), Slovakia ($5.42B), and Romania ($6.28B).

In 2019, countries that imported more from Serbia than Hungary were Bosnia and Herzegovina ($1.37B), Montenegro ($779M), and North Macedonia ($739M).

Comparative Advantage Hungary - Serbia

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Flow

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

During 2020, Hungary had a large net trade with Serbia in the exports of Mineral Products ($507M), Machines ($398M), and Chemical Products ($250M).

During 2020, Serbia had a large net trade with Hungary in the exports of Machines ($410M), Plastics and Rubbers ($141M), and Metals ($82.7M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.