Hungary (HUN) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Hungary-Slovakia In 2022, Hungary exported $6.78B to Slovakia. The main products that Hungary exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($887M), Spark-Ignition Engines ($545M), and Video Displays ($457M). During the last 27 years the exports of Hungary to Slovakia have increased at an annualized rate of 13.5%, from $223M in 1995 to $6.78B in 2022.

In 2020, Hungary exported services to Slovakia worth $542M, with Transportation ($216M), Travel ($195M), and Other business services ($71.8M) being the largest in terms of value.

Slovakia-Hungary In 2022, Slovakia exported $9.79B to Hungary. The main products that Slovakia exported to Hungary were Electricity ($2.6B), Refined Petroleum ($670M), and Broadcasting Equipment ($373M). During the last 27 years the exports of Slovakia to Hungary have increased at an annualized rate of 12.3%, from $424M in 1995 to $9.79B in 2022.

In 2020, Slovakia exported services to Hungary worth $477M, with Transportation ($241M), Travel ($105M), and Other business services ($55.5M) being the largest in terms of value.

Comparison In 2022, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $6.78B to Slovakia. The main products exported from Hungary to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($887M), Spark-Ignition Engines ($545M), and Video Displays ($457M). During the last 27 years the exports of Hungary to Slovakia have increased at an annualized rate of 13.5%, from $223M in 1995 to $6.78B in 2022.

In 2022, Slovakia exported $9.79B to Hungary. The main products exported from Slovakia to Hungary were Electricity ($2.6B), Refined Petroleum ($670M), and Broadcasting Equipment ($373M). During the last 27 years the exports of Slovakia to Hungary have increased at an annualized rate of 12.3%, from $424M in 1995 to $9.79B in 2022.

Exports from Hungary () to Slovakia () (2022)

Exports from Slovakia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Slovakia ()

Hungary Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Slovakia
Top DestinationGermany$22.2B

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

In 2021, countries that imported more from Hungary than Slovakia were Germany ($35.5B), Romania ($7.94B), and Netherlands ($5.14B).

In 2021, countries that imported more from Slovakia than Hungary were Czechia ($12.6B), Poland ($8.05B), and France ($6.1B).

Difference in imports from Slovakia () and Hungary () (2022)

Comparative Advantage Hungary - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Slovakia in the exports of Machines ($2.51B), Transportation ($1.2B), and Chemical Products ($643M).

During 2022, Slovakia had a large net trade with Hungary in the exports of Mineral Products ($3.66B), Machines ($1.53B), and Metals ($1.17B).

Service Trade

Bilateral Service Trade

Svk Year

Hun Year

In 2020, Hungary exported services to Slovakia worth $542M, with Transportation ($216M), Travel ($195M), and Other business services ($71.8M) being the largest in terms of value.

In 2020, Slovakia exported services to Hungary worth $477M, with Transportation ($241M), Travel ($105M), and Other business services ($55.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary () to Slovakia () (2020)

Services Exports from Slovakia () to Hungary () (2020)

Economic Complexity

Competitive Landscape

Year

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 Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Hungary.

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Slovakia () (2022)

Exports from Slovakia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Slovakia ()

Hungary Exports

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Hungary () (2022)

Comparative Advantage Hungary - Slovakia

Service Trade

Bilateral Service Trade

Services Exports from Hungary () to Slovakia () (2020)

Services Exports from Slovakia () to Hungary () (2020)

Economic Complexity

Competitive Landscape

Product Space of Hungary () and Slovakia () (2022)

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