Hungary (HUN) and Slovenia (SVN) Trade | The Observatory of Economic Complexity

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Hungary-Slovenia Trade: In 2022, Hungary exported $1.09B to Slovenia. The main products that Hungary exported to Slovenia were Electricity ($264M), Packaged Medicaments ($238M), and Broadcasting Equipment ($104M). Over the past 5 years the exports of Hungary to Slovenia have increased at an annualized rate of 31.7%, from $276M in 2017 to $1.09B in 2022.

In 2020, Hungary exported services to Slovenia worth $103M, with Other business services ($49.2M), Transportation ($36M), and Travel ($7.65M) being the largest in terms of value.

Slovenia-Hungary Trade: In 2022, Slovenia exported $1.01B to Hungary. The main products that Slovenia exported to Hungary were Refined Petroleum ($203M), Electricity ($86.9M), and Packaged Medicaments ($84.6M). Over the past 5 years the exports of Slovenia to Hungary have increased at an annualized rate of 52.3%, from $123M in 2017 to $1.01B in 2022.

In 2020, Slovenia exported services to Hungary worth $180M, with Travel ($82.2M), Transportation ($43.4M), and Other business services ($38.6M) being the largest in terms of value.

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $1.09B to Slovenia. The main products exported from Hungary to Slovenia were Electricity ($264M), Packaged Medicaments ($238M), and Broadcasting Equipment ($104M). During the last 5 years the exports of Hungary to Slovenia have increased at an annualized rate of 31.7%, from $276M in 2017 to $1.09B in 2022.

In 2017, Slovenia exported $1.01B to Hungary. The main products exported from Slovenia to Hungary were Refined Petroleum ($203M), Electricity ($86.9M), and Packaged Medicaments ($84.6M). During the last 22 years the exports of Slovenia to Hungary have increased at an annualized rate of 52.3%, from $123M in 1995 to $1.01B in 2017.

Exports from Hungary () to Slovenia () (2022)

Exports from Slovenia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Slovenia ()

Hungary Exports

Date

Slovenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Slovenia
Top DestinationSwitzerland$9.92B

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

In 2022, countries that imported more from Hungary than Slovenia included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Slovenia than Hungary included Switzerland ($9.92B), Croatia ($4.68B), and Bosnia and Herzegovina ($958M).

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

Comparative Advantage Hungary - Slovenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Slovenia in the exports of Mineral Products ($404M), Chemical Products ($385M), and Machines ($353M).

During 2017, Slovenia had a large net trade with Hungary in the exports of Machines ($344M), Mineral Products ($296M), and Chemical Products ($259M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Slovenia+$64.9MPackaged Medicaments

Top Product Potential Slovenia Hungary+$71.1MPackaged Medicaments

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

Svn Year

Hun Year

In 2020, Hungary exported services to Slovenia worth $103M, with Other business services ($49.2M), Transportation ($36M), and Travel ($7.65M) being the largest in terms of value.

In 2020, Slovenia exported services to Hungary worth $180M, with Travel ($82.2M), Transportation ($43.4M), and Other business services ($38.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Slovenia () 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 Slovenia. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Slovenia. Similarly, a dot/product with the flag of Slovenia indicates it has a comparative advantage over Hungary.

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Slovenia () (2022)

Exports from Slovenia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Slovenia ()

Hungary Exports

Slovenia Exports

Market Competitiveness

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

Comparative Advantage Hungary - Slovenia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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