2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Hungary-Sweden In 2022, Hungary exported $1.74B to Sweden. The main products that Hungary exported to Sweden are Video Displays ($254M), Motor vehicles; parts and accessories (8701 to 8705) ($218M), and Insulated Wire ($79.1M). During the last 27 years the exports of Hungary to Sweden have increased at an annualized rate of 9.56%, from $148M in 1995 to $1.74B in 2022.

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 2022, Sweden exported $866M to Hungary. The main products that Sweden exported to Hungary were Packaged Medicaments ($76.4M), Cars ($57.6M), and Kaolin Coated Paper ($44.1M). During the last 27 years the exports of Sweden to Hungary have increased at an annualized rate of 3.73%, from $322M in 1995 to $866M in 2022.

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 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $1.74B to Sweden. The main products exported from Hungary to Sweden were Video Displays ($254M), Motor vehicles; parts and accessories (8701 to 8705) ($218M), and Insulated Wire ($79.1M). During the last 27 years the exports of Hungary to Sweden have increased at an annualized rate of 9.56%, from $148M in 1995 to $1.74B in 2022.

In 2022, Sweden exported $866M to Hungary. The main products exported from Sweden to Hungary were Packaged Medicaments ($76.4M), Cars ($57.6M), and Kaolin Coated Paper ($44.1M). During the last 27 years the exports of Sweden to Hungary have increased at an annualized rate of 3.73%, from $322M in 1995 to $866M in 2022.

Exports from Hungary (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Hungary (Flag) (2022)

Latest Data

Trade between Hungary (Flag) and Sweden (Flag)

Hungary Exports

Sweden Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Sweden
Top Destination
Germany$19.2B

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 ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2021, countries that imported more from Sweden than Hungary were Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - Sweden

Flow
Scale

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

During 2022, Hungary had a large net trade with Sweden in the exports of Machines ($1.09B), Transportation ($271M), and Foodstuffs ($69.8M).

During 2022, Sweden had a large net trade with Hungary in the exports of Machines ($239M), Paper Goods ($128M), and Chemical Products ($116M).

Service Trade

Bilateral Service Trade

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.

Services Exports from Hungary (Flag) to Sweden (Flag) (2020)

Services Exports from Sweden (Flag) to Hungary (Flag) (2020)

Economic Complexity

Competitive Landscape

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.

Product Space of Hungary (Flag) and Sweden (Flag) (2022)

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