Serbia / Hungary

Serbia-Hungary Trade: In 2022, Serbia exported $1.69B to Hungary. The main products that Serbia exported to Hungary were Insulated Wire ($258M), Electricity ($210M), and Integrated Circuits ($76M). Over the past 5 years the exports of Serbia to Hungary have increased at an annualized rate of 20.8%, from $659M in 2017 to $1.69B in 2022.

In 2019, Serbia exported services to Hungary worth $143M, with Transportation ($62.7M), Other business services ($45.9M), and Travel ($19M) being the largest in terms of value.

Hungary-Serbia Trade: In 2022, Hungary exported $3.42B to Serbia. The main products that Hungary exported to Serbia were Electricity ($808M), Petroleum Gas ($545M), and Broadcasting Equipment ($156M). Over the past 5 years the exports of Hungary to Serbia have increased at an annualized rate of 15.1%,  from $1.69B in 2017 to $3.42B in 2022.

In 2022, Hungary did not export any services to Serbia.

Comparison: In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).