Czechia (CZE) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Czechia-Hungary Trade: In 2023, Czechia exported $7.89B to Hungary. The main products that Czechia exported to Hungary were Broadcasting Equipment ($1.3B), Motor vehicles; parts and accessories (8701 to 8705) ($776M), and Cars ($602M). Over the past 5 years the exports of Czechia to Hungary have increased at an annualized rate of 8.1%, from $5.34B in 2018 to $7.89B in 2023.

In 2019, Czechia exported services to Hungary worth $509M, with Transportation ($230M), Other business services ($127M), and Travel ($82.4M) being the largest in terms of value.

Hungary-Czechia Trade: In 2023, Hungary exported $6.3B to Czechia. The main products that Hungary exported to Czechia were Electric Batteries ($1.18B), Motor vehicles; parts and accessories (8701 to 8705) ($455M), and Other toys ($344M). Over the past 5 years the exports of Hungary to Czechia have increased at an annualized rate of 6.61%, from $4.58B in 2018 to $6.3B in 2023.

In 2020, Hungary exported services to Czechia worth $395M, with Other business services ($146M), Transportation ($107M), and Travel ($88.5M) being the largest in terms of value.

Comparison: In 2023, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Czechia exported $7.89B to Hungary. The main products exported from Czechia to Hungary were Broadcasting Equipment ($1.3B), Motor vehicles; parts and accessories (8701 to 8705) ($776M), and Cars ($602M). During the last 5 years the exports of Czechia to Hungary have increased at an annualized rate of 8.1%, from $5.34B in 2018 to $7.89B in 2023.

In 2018, Hungary exported $6.3B to Czechia. The main products exported from Hungary to Czechia were Electric Batteries ($1.18B), Motor vehicles; parts and accessories (8701 to 8705) ($455M), and Other toys ($344M). During the last 5 years the exports of Hungary to Czechia have increased at an annualized rate of 6.61%, from $4.58B in 2023 to $6.3B in 2018.

Exports from Czechia () to Hungary () (2023)

Exports from Hungary () to Czechia () (2023)

Latest Data

Trade between Czechia () and Hungary ()

Czechia Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$64.2B

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Czechia than Hungary included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Hungary than Czechia included Romania ($8.43B), Croatia ($2.72B), and United States ($7.66B).

Difference in imports from Hungary () and Czechia () (2023)

Comparative Advantage Czechia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Czechia had a large net trade with Hungary in the exports of Machines ($3.25B), Transportation ($1.51B), and Chemical Products ($645M).

During 2018, Hungary had a large net trade with Czechia in the exports of Machines ($2.98B), Transportation ($639M), and Chemical Products ($456M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Hungary+$71.2MCars

Top Product Potential Hungary Czechia+$90.3MMotor vehicles; parts and accessories (8701 to 8705)

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

Cze Year

In 2019, Czechia exported services to Hungary worth $509M, with Transportation ($230M), Other business services ($127M), and Travel ($82.4M) being the largest in terms of value.

In 2020, Hungary exported services to Czechia worth $395M, with Other business services ($146M), Transportation ($107M), and Travel ($88.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia () to Hungary () (2019)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Czechia () to Hungary () (2023)

Exports from Hungary () to Czechia () (2023)

Latest Data

Trade between Czechia () and Hungary ()

Czechia Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Czechia () (2023)

Comparative Advantage Czechia - Hungary

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Czechia () to Hungary () (2019)

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Czechia () and Hungary () (2023)

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