Slovakia (SVK) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Slovakia-Hungary Trade: In 2022, Slovakia exported $5.46B to Hungary. The main products that Slovakia exported to Hungary were Electricity ($2.6B), Refined Petroleum ($670M), and Broadcasting Equipment ($373M). Over the past 5 years the exports of Slovakia to Hungary have increased at an annualized rate of 66.7%, from $424M in 2017 to $5.46B in 2022.

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 Trade: In 2022, Hungary exported $4.93B to Slovakia. The main products that Hungary exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($887M), Spark-Ignition Engines ($545M), and Video Displays ($457M). Over the past 5 years the exports of Hungary to Slovakia have increased at an annualized rate of 85.8%, from $223M in 2017 to $4.93B in 2022.

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 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Slovakia exported $5.46B to Hungary. The main products exported from Slovakia to Hungary were Electricity ($2.6B), Refined Petroleum ($670M), and Broadcasting Equipment ($373M). During the last 5 years the exports of Slovakia to Hungary have increased at an annualized rate of 66.7%, from $424M in 2017 to $5.46B in 2022.

In 2017, Hungary exported $4.93B to Slovakia. The main products exported from Hungary to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($887M), Spark-Ignition Engines ($545M), and Video Displays ($457M). During the last 22 years the exports of Hungary to Slovakia have increased at an annualized rate of 85.8%, from $223M in 1995 to $4.93B in 2017.

Exports from Slovakia () to Hungary () (2022)

Exports from Hungary () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Hungary ()

Slovakia Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Hungary
Top DestinationGermany$35.5B

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 2022, countries that imported more from Slovakia than Hungary included Czechia ($12.6B), Poland ($8.05B), and France ($6.1B).

In 2022, countries that imported more from Hungary than Slovakia included Germany ($35.5B), Romania ($7.94B), and Netherlands ($5.14B).

Difference in imports from Hungary () and Slovakia () (2022)

Comparative Advantage Slovakia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Hungary in the exports of Mineral Products ($3.66B), Machines ($1.53B), and Metals ($1.17B).

During 2017, Hungary had a large net trade with Slovakia in the exports of Machines ($2.51B), Transportation ($1.2B), and Chemical Products ($643M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Hungary+$187MCars

Top Product Potential Hungary Slovakia+$105MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Hun Year

Svk Year

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.

Services Exports from Slovakia () to Hungary () (2020)

Services Exports from Hungary () to Slovakia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Slovakia and Hungary. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Slovakia.

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Hungary () (2022)

Exports from Hungary () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Hungary ()

Slovakia Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Slovakia () (2022)

Comparative Advantage Slovakia - Hungary

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Slovakia () to Hungary () (2020)

Services Exports from Hungary () to Slovakia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Slovakia () and Hungary () (2022)

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