Sign In
Pricing

2022
Flag → Flag
Exports $9.79BRnk 3 / 203
2022
Flag → Flag
Top Product $2.6BElectricity
2022
Flag → Flag
Exports $6.78BRnk 4 / 205
2022
Flag → Flag
Top Product $887MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Slovakia-Hungary Trade: In 2022, Slovakia exported $9.79B 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 12.4%, from $5.46B in 2017 to $9.79B 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 $6.78B 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 6.57%,  from $4.93B in 2017 to $6.78B 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
Value

In 2022, Slovakia exported $9.79B 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 12.4%, from $5.46B in 2017 to $9.79B in 2022.

In 2017, Hungary exported $6.78B 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 5 years the exports of Hungary to Slovakia have increased at an annualized rate of 6.57%, from $4.93B in 2022 to $6.78B in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Hungary (Flag)

Slovakia Exports

Hungary Exports

Market Competitiveness

Color
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 (Flag) and Slovakia (Flag) (2022)

Comparative Advantage Slovakia - Hungary

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

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 (Flag) to Hungary (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms