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

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $6.3B in 2023.

In 2018, 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 2023 to $7.89B in 2018.

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

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

Latest Data

Trade between Hungary () and Czechia ()

Hungary Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Czechia
Top DestinationGermany$64.2B

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

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

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

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

Comparative Advantage Hungary - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Czechia in the exports of Machines ($2.98B), Transportation ($639M), and Chemical Products ($456M).

During 2018, Czechia had a large net trade with Hungary in the exports of Machines ($3.25B), Transportation ($1.51B), and Chemical Products ($645M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Top Product Potential Czechia Hungary+$71.2MCars

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

Cze Year

Hun Year

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hungary () and Czechia ()

Hungary Exports

Czechia Exports

Market Competitiveness

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

Comparative Advantage Hungary - Czechia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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