2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$808BCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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2022
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GDP PC
$92,101CURRENT US$
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2012-2022
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7.3%CURRENT US$
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About

Hungary-Switzerland In 2022, Hungary exported $1.61B to Switzerland. The main products that Hungary exported to Switzerland are Cars ($282M), Computers ($61.3M), and Video Displays ($49.6M). During the last 27 years the exports of Hungary to Switzerland have increased at an annualized rate of 7.88%, from $208M in 1995 to $1.61B in 2022.

In 2020, Hungary exported services to Switzerland worth $994M, with Other business services ($606M), Transportation ($185M), and Computer and information services ($104M) being the largest in terms of value.

Switzerland-Hungary In 2022, Switzerland exported $1.11B to Hungary. The main products that Switzerland exported to Hungary were Packaged Medicaments ($108M), Vaccines, blood, antisera, toxins and cultures ($53.6M), and Electric Heaters ($42.5M). During the last 27 years the exports of Switzerland to Hungary have increased at an annualized rate of 4.12%, from $372M in 1995 to $1.11B in 2022.

In 2019, Switzerland exported services to Hungary worth $251M, with Royalties and license fees ($82.2M), Transportation ($72M), and Computer and information services ($34.8M) being the largest in terms of value.

Comparison In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $1.61B to Switzerland. The main products exported from Hungary to Switzerland were Cars ($282M), Computers ($61.3M), and Video Displays ($49.6M). During the last 27 years the exports of Hungary to Switzerland have increased at an annualized rate of 7.88%, from $208M in 1995 to $1.61B in 2022.

In 2022, Switzerland exported $1.11B to Hungary. The main products exported from Switzerland to Hungary were Packaged Medicaments ($108M), Vaccines, blood, antisera, toxins and cultures ($53.6M), and Electric Heaters ($42.5M). During the last 27 years the exports of Switzerland to Hungary have increased at an annualized rate of 4.12%, from $372M in 1995 to $1.11B in 2022.

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

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

Latest Data

Trade between Hungary (Flag) and Switzerland (Flag)

Hungary Exports

Switzerland Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Switzerland
Top Destination
United States$61.7B

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

In 2021, countries that imported more from Hungary than Switzerland were Romania ($7.94B), Slovakia ($6.78B), and Czechia ($5.72B).

In 2021, countries that imported more from Switzerland than Hungary were United States ($61.7B), China ($44.1B), and Germany ($53.5B).

Difference in imports from Switzerland (Flag) and Hungary (Flag) (2022)

Comparative Advantage Hungary - Switzerland

Flow
Scale

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

During 2022, Hungary had a large net trade with Switzerland in the exports of Machines ($573M), Transportation ($343M), and Chemical Products ($104M).

During 2022, Switzerland had a large net trade with Hungary in the exports of Machines ($373M), Chemical Products ($326M), and Metals ($87.9M).

Service Trade

Bilateral Service Trade

In 2020, Hungary exported services to Switzerland worth $994M, with Other business services ($606M), Transportation ($185M), and Computer and information services ($104M) being the largest in terms of value.

In 2019, Switzerland exported services to Hungary worth $251M, with Royalties and license fees ($82.2M), Transportation ($72M), and Computer and information services ($34.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Switzerland (Flag) to Hungary (Flag) (2019)

Economic Complexity

Competitive Landscape

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 Hungary has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Hungary.

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

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