Flag Hungary / Sweden Flag

2021
FlagFlag
Exports
: $2.07B, Rnk 19 / 203

2021
FlagFlag
Top Product
: $378M, Video Displays

2021
FlagFlag
Exports
: $904M, Rnk 31 / 219

2021
FlagFlag
Top Product
: $113M, Cars

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

2021
Flag
Economic Complexity (ECI)
: ECI 1.54, Rnk 8 / 131

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

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

2021
Flag
 GDP
: $627B, CURRENT US$
Rnk 22 / 182

2011-2021
Flag
GDP GROWTH
: 9.29%, CURRENT US$
Rnk 133 / 182

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

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

2021
Flag
GDP PC
: $60,239, CURRENT US$
Rnk 11 / 182

2011-2021
Flag
GDP PC GROWTH
: -0.85%, CURRENT US$
Rnk 130 / 182

Hungary-Sweden In 2021, Hungary exported $2.07B to Sweden. The main products that Hungary exported to Sweden are Video Displays ($378M), Motor vehicles; parts and accessories (8701 to 8705) ($240M), and Computers ($129M). During the last 26 years the exports of Hungary to Sweden have increased at an annualized rate of 10.7%, from $147M in 1995 to $2.07B in 2021.

In 2020, Hungary exported services to Sweden worth $359M, with Other business services ($187M), Computer and information services ($67.7M), and Transportation ($62.2M) being the largest in terms of value.

Sweden-Hungary In 2021, Sweden exported $904M to Hungary. The main products that Sweden exported to Hungary were Cars ($113M), Packaged Medicaments ($91.7M), and Kaolin Coated Paper ($45.9M). During the last 26 years the exports of Sweden to Hungary have increased at an annualized rate of 4.06%, from $321M in 1995 to $904M in 2021.

In 2020, Sweden exported services to Hungary worth $162M, with Other business services ($49.5M), Transportation ($29.1M), and Computer and information services ($28.2M) 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, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Hungary exported $2.07B to Sweden. The main products exported from Hungary to Sweden were Video Displays ($378M), Motor vehicles; parts and accessories (8701 to 8705) ($240M), and Computers ($129M). During the last 26 years the exports of Hungary to Sweden have increased at an annualized rate of 10.7%, from $147M in 1995 to $2.07B in 2021.

In 2021, Sweden exported $904M to Hungary. The main products exported from Sweden to Hungary were Cars ($113M), Packaged Medicaments ($91.7M), and Kaolin Coated Paper ($45.9M). During the last 26 years the exports of Sweden to Hungary have increased at an annualized rate of 4.06%, from $321M in 1995 to $904M in 2021.

Hungary Exports

#permalink to section

Sweden Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

Hungary
Top Destination
: Germany, $35.7B

Sweden
Top Destination
: Germany, $19.1B

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

In 2021, countries that imported more from Hungary than Sweden were Germany ($35.7B), Romania ($7.25B), and Slovakia ($6.42B).

In 2021, countries that imported more from Sweden than Hungary were Norway ($17.4B), Denmark ($14.5B), and Finland ($11.9B).

Comparative Advantage Hungary - Sweden

#permalink to section
Flow
Scale

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

During 2021, Hungary had a large net trade with Sweden in the exports of Machines ($1.37B), Transportation ($296M), and Instruments ($62.4M).

During 2021, Sweden had a large net trade with Hungary in the exports of Machines ($217M), Transportation ($163M), and Chemical Products ($154M).

Bilateral Service Trade

#permalink to section

In 2020, Hungary exported services to Sweden worth $359M, with Other business services ($187M), Computer and information services ($67.7M), and Transportation ($62.2M) being the largest in terms of value.

In 2020, Sweden exported services to Hungary worth $162M, with Other business services ($49.5M), Transportation ($29.1M), and Computer and information services ($28.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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