Flag Hungary / Sweden Flag

Exports FlagFlag  (2018): $1.83B, Rnk 19 / 194

Top Product FlagFlag (2018): $308M, Vehicle Parts

Exports FlagFlag (2018): $816M, Rnk 32 / 211

Top Product FlagFlag (2018): $108M, Packaged Medicaments

Economic Complexity of Flag (2018): ECI 1.44, Rnk 14 / 137

Economic Complexity of Flag (2018): ECI 1.66, Rnk 7 / 137

GDP Flag (2018): $158B, CURRENT US$
Rnk 55 / 196

GDP GROWTH Flag (2008-2018): -0.16%, CURRENT US$
Rnk 167 / 196

GDP Flag (2018): $556B, CURRENT US$
Rnk 22 / 196

GDP GROWTH Flag (2008-2018): 7.89%, CURRENT US$
Rnk 149 / 196

GDP PC Flag (2018): $16,162, CURRENT US$
Rnk 58 / 196

GDP PC GROWTH Flag (2008-2018): 2.59%, CURRENT US$
Rnk 135 / 196

GDP PC Flag (2018): $54,608, CURRENT US$
Rnk 13 / 196

GDP PC GROWTH Flag (2008-2018): -2.32%, CURRENT US$
Rnk 155 / 196

Hungary-Sweden: In 2018, Hungary exported $1.83B to Sweden. The main products exported from Hungary to Sweden were Vehicle Parts ($308M), Video Displays ($158M), and Broadcasting Equipment ($107M). During the last 23 years the exports of Hungary to Sweden have increased at an annualized rate of 11.3%, from $155M in 1995 to $1.83B in 2018. In 2016, Hungary exported services to Sweden worth $397M, with Other business services ($179M), Transportation ($91.4M), and Travel ($65.8M) being the largest in terms of value.

Sweden-Hungary: In 2018, Sweden exported $816M to Hungary. The main products exported from Sweden to Hungary were Packaged Medicaments ($108M), Cars ($85.2M), and Kaolin Coated Paper ($42.6M). During the last 23 years the exports of Sweden to Hungary have increased at an annualized rate of 4.18%, from $318M in 1995 to $816M in 2018. In 2016, Sweden exported services to Hungary worth $203M, with Construction services ($73.1M), Other business services ($46.1M), and Transportation ($28.7M) being the largest in terms of value.

Comparison: In 2018, Hungary ranked 14 in the Economic Complexity Index (ECI 1.44), and 35 in total exports ($122B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). In terms of GDP Per Capita, Hungary was ranked 58 with a GDP Per Capita of $16,162, and Sweden was ranked 13 with a GDP Per Capita of $54,608.

Bilateral Trade by Products

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Depth
Value

In 2018, Hungary exported $1.83B to Sweden. The main products exported from Hungary to Sweden were Vehicle Parts ($308M), Video Displays ($158M), and Broadcasting Equipment ($107M). During the last 23 years the exports of Hungary to Sweden have increased at an annualized rate of 11.3%, from $155M in 1995 to $1.83B in 2018.

In 2018, Sweden exported $816M to Hungary. The main products exported from Sweden to Hungary were Packaged Medicaments ($108M), Cars ($85.2M), and Kaolin Coated Paper ($42.6M). During the last 23 years the exports of Sweden to Hungary have increased at an annualized rate of 4.18%, from $318M in 1995 to $816M in 2018.

Market Competitiveness

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Measure

Hungary
Top Destination
: Germany, $32.6B

Sweden
Top Destination
: Germany, $17.4B

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 2018, countries that imported more from Hungary than Sweden were Germany ($32.6B), Romania ($6.18B), and Slovakia ($5.76B).

In 2018, countries that imported more from Sweden than Hungary were Norway ($15.2B), Denmark ($11.2B), and Finland ($9.41B).

Comparative Advantage Hungary - Sweden

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Depth

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

During 2018, Hungary had a large net trade with Sweden in the exports of Machines ($1.17B), Transportation ($340M), and Metals ($63.4M).

During 2018, Sweden had a large net trade with Hungary in the exports of Machines ($182M), Chemical Products ($159M), and Transportation ($136M).

Trade Forecasts

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This section shows a forecast for total trade between Hungary and Sweden. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Hungary exported services to Sweden worth $397M, with Other business services ($179M), Transportation ($91.4M), and Travel ($65.8M) being the largest in terms of value.

In 2016, Sweden exported services to Hungary worth $203M, with Construction services ($73.1M), Other business services ($46.1M), and Transportation ($28.7M) 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 red.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Sweden. Similarly, the more red a dot/product is, the more Sweden has comparative advantage over Hungary.