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

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Hungary-Slovakia Trade: In 2023, Hungary exported $6.54B to Slovakia. The main products that Hungary exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($1.36B), Spark-Ignition Engines ($453M), and Video Displays ($343M). Over the past 5 years the exports of Hungary to Slovakia have increased at an annualized rate of 4.64%, from $5.21B in 2018 to $6.54B in 2023.

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 Trade: In 2023, Slovakia exported $7.34B to Hungary. The main products that Slovakia exported to Hungary were Electricity ($1.17B), Refined Petroleum ($563M), and Broadcasting Equipment ($440M). Over the past 5 years the exports of Slovakia to Hungary have increased at an annualized rate of 7.77%, from $5.05B in 2018 to $7.34B in 2023.

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 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $6.54B to Slovakia. The main products exported from Hungary to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($1.36B), Spark-Ignition Engines ($453M), and Video Displays ($343M). During the last 5 years the exports of Hungary to Slovakia have increased at an annualized rate of 4.64%, from $5.21B in 2018 to $6.54B in 2023.

In 2018, Slovakia exported $7.34B to Hungary. The main products exported from Slovakia to Hungary were Electricity ($1.17B), Refined Petroleum ($563M), and Broadcasting Equipment ($440M). During the last 5 years the exports of Slovakia to Hungary have increased at an annualized rate of 7.77%, from $5.05B in 2023 to $7.34B in 2018.

Exports from Hungary () to Slovakia () (2023)

Exports from Slovakia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Slovakia ()

Hungary Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Slovakia than Hungary included Czechia ($11.1B), Ukraine ($2.34B), and France ($5.92B).

Difference in imports from Slovakia () and Hungary () (2023)

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 2023, Hungary had a large net trade with Slovakia in the exports of Machines ($2.29B), Transportation ($1.57B), and Chemical Products ($553M).

During 2018, Slovakia had a large net trade with Hungary in the exports of Mineral Products ($2.02B), Machines ($1.54B), and Metals ($909M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Slovakia+$105MCars

Top Product Potential Slovakia Hungary+$187MCars

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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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)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Slovakia () (2023)

Exports from Slovakia () to Hungary () (2023)

Latest Data

Trade between Hungary () and Slovakia ()

Hungary Exports

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Hungary () (2023)

Comparative Advantage Hungary - Slovakia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hungary () and Slovakia () (2023)

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