Flag Slovakia / Hungary Flag

2020
FlagFlag
Exports
: $5.37B, Rnk 5 / 192

2020
FlagFlag
Top Product
: $422M, Electricity

2020
FlagFlag
Exports
: $5.42B, Rnk 4 / 205

2020
FlagFlag
Top Product
: $729M, Motor vehicles; parts and accessories (8701 to 8705)

2020
Flag
Economic Complexity (ECI)
: ECI 1.31, Rnk 18 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
Flag  
GDP
: $105B, CURRENT US$
Rnk 62 / 204

2010-2020
Flag
GDP GROWTH
: 15.8%, CURRENT US$
Rnk 129 / 204

2020
Flag
 GDP
: $157B, CURRENT US$
Rnk 54 / 204

2010-2020
Flag
GDP GROWTH
: 18.5%, CURRENT US$
Rnk 122 / 204

2020
Flag
GDP PC 
: $19,267, CURRENT US$
Rnk 55 / 204

2010-2020
Flag
GDP PC GROWTH
: 14.4%, CURRENT US$
Rnk 102 / 204

2020
Flag
GDP PC
: $16,076, CURRENT US$
Rnk 61 / 204

2010-2020
Flag
GDP PC GROWTH
: 21.6%, CURRENT US$
Rnk 85 / 204

Slovakia-Hungary In 2020, Slovakia exported $5.37B to Hungary. The main products that Slovakia exported to Hungary are Electricity ($422M), Broadcasting Equipment ($397M), and Cars ($293M). During the last 25 years the exports of Slovakia to Hungary have increased at an annualized rate of 10.7%, from $422M in 1995 to $5.37B in 2020.

In 2020, Slovakia exported services to Hungary worth $477M, with Transportation ($241M), Travel ($105M), and Other business services ($55.5M) being the largest in terms of value.

Hungary-Slovakia In 2020, Hungary exported $5.42B to Slovakia. The main products that Hungary exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($729M), Video Displays ($625M), and Spark-Ignition Engines ($283M). During the last 25 years the exports of Hungary to Slovakia have increased at an annualized rate of 13.6%, from $222M in 1995 to $5.42B in 2020.

In 2020, Hungary exported services to Slovakia worth $542M, with Transportation ($216M), Travel ($195M), and Other business services ($71.8M) being the largest in terms of value.

Comparison In 2020,  Slovakia ranked 18 in the Economic Complexity Index (ECI 1.31), and 37 in total exports ($86.4B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Slovakia exported $5.37B to Hungary. The main products exported from Slovakia to Hungary were Electricity ($422M), Broadcasting Equipment ($397M), and Cars ($293M). During the last 25 years the exports of Slovakia to Hungary have increased at an annualized rate of 10.7%, from $422M in 1995 to $5.37B in 2020.

In 2020, Hungary exported $5.42B to Slovakia. The main products exported from Hungary to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($729M), Video Displays ($625M), and Spark-Ignition Engines ($283M). During the last 25 years the exports of Hungary to Slovakia have increased at an annualized rate of 13.6%, from $222M in 1995 to $5.42B in 2020.

Slovakia Exports

#permalink to section

Hungary Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Slovakia
Top Destination
: Germany, $19.2B

Hungary
Top Destination
: Germany, $31.4B

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

In 2019, countries that imported more from Slovakia than Hungary were Czechia ($8.74B), France ($6.18B), and Poland ($5.85B).

In 2019, countries that imported more from Hungary than Slovakia were Germany ($31.4B), Romania ($6.28B), and Italy ($5.87B).

Comparative Advantage Slovakia - Hungary

#permalink to section
Flow
Scale

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

During 2020, Slovakia had a large net trade with Hungary in the exports of Machines ($1.3B), Mineral Products ($808M), and Metals ($687M).

During 2020, Hungary had a large net trade with Slovakia in the exports of Machines ($2.14B), Transportation ($954M), and Chemical Products ($525M).

Bilateral Service Trade

#permalink to section

In 2020, Slovakia exported services to Hungary worth $477M, with Transportation ($241M), Travel ($105M), and Other business services ($55.5M) being the largest in terms of value.

In 2020, Hungary exported services to Slovakia worth $542M, with Transportation ($216M), Travel ($195M), and Other business services ($71.8M) 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 Slovakia has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Slovakia.