Flag Hungary / Slovakia Flag

2021
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Exports
: $6.42B, Rnk 4 / 203

2021
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Top Product
: $782M, Motor vehicles; parts and accessories (8701 to 8705)

2021
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Exports
: $7.72B, Rnk 4 / 197

2021
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Top Product
: $1.26B, Electricity

2021
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Economic Complexity (ECI)
: ECI 1.36, Rnk 14 / 131

2021
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Economic Complexity (ECI)
: ECI 1.31, Rnk 16 / 131

2021
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GDP
: $182B, CURRENT US$
Rnk 53 / 182

2011-2021
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GDP GROWTH
: 28.4%, CURRENT US$
Rnk 90 / 182

2021
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 GDP
: $115B, CURRENT US$
Rnk 57 / 182

2011-2021
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GDP GROWTH
: 15.5%, CURRENT US$
Rnk 114 / 182

2021
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GDP PC 
: $18,773, CURRENT US$
Rnk 45 / 182

2011-2021
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GDP PC GROWTH
: 31.8%, CURRENT US$
Rnk 56 / 182

2021
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GDP PC
: $21,088, CURRENT US$
Rnk 42 / 182

2011-2021
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GDP PC GROWTH
: 14.4%, CURRENT US$
Rnk 88 / 182

Hungary-Slovakia In 2021, Hungary exported $6.42B to Slovakia. The main products that Hungary exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($782M), Video Displays ($601M), and Spark-Ignition Engines ($559M). During the last 26 years the exports of Hungary to Slovakia have increased at an annualized rate of 13.8%, from $222M in 1995 to $6.42B in 2021.

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 2021, Slovakia exported $7.72B to Hungary. The main products that Slovakia exported to Hungary were Electricity ($1.26B), Broadcasting Equipment ($374M), and Refined Petroleum ($350M). During the last 26 years the exports of Slovakia to Hungary have increased at an annualized rate of 11.8%, from $422M in 1995 to $7.72B in 2021.

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 2021,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($137B). That same year, Slovakia ranked 16 in the Economic Complexity Index (ECI 1.31), and 38 in total exports ($104B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Hungary exported $6.42B to Slovakia. The main products exported from Hungary to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($782M), Video Displays ($601M), and Spark-Ignition Engines ($559M). During the last 26 years the exports of Hungary to Slovakia have increased at an annualized rate of 13.8%, from $222M in 1995 to $6.42B in 2021.

In 2021, Slovakia exported $7.72B to Hungary. The main products exported from Slovakia to Hungary were Electricity ($1.26B), Broadcasting Equipment ($374M), and Refined Petroleum ($350M). During the last 26 years the exports of Slovakia to Hungary have increased at an annualized rate of 11.8%, from $422M in 1995 to $7.72B in 2021.

Hungary Exports

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Slovakia Exports

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Market Competitiveness

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Color

Hungary
Top Destination
: Germany, $35.7B

Slovakia
Top Destination
: Germany, $21.8B

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 ($35.7B), Romania ($7.25B), and Italy ($7.7B).

In 2021, countries that imported more from Slovakia than Hungary were Czechia ($11.6B), Poland ($8.47B), and France ($6.59B).

Comparative Advantage Hungary - Slovakia

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Flow
Scale

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

During 2021, Hungary had a large net trade with Slovakia in the exports of Machines ($2.46B), Transportation ($1.04B), and Chemical Products ($664M).

During 2021, Slovakia had a large net trade with Hungary in the exports of Mineral Products ($1.88B), Machines ($1.5B), and Metals ($1.22B).

Bilateral Service Trade

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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.

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