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2022
Flag → Flag
Exports $61.5MRnk 42 / 194
2022
Flag → Flag
Top Product $28MRaw Tobacco
2022
Flag → Flag
Exports $17MRnk 93 / 205
2022
Flag → Flag
Top Product $5.25MIron Structures
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Sri Lanka-Hungary Trade: In 2022, Sri Lanka exported $61.5M to Hungary. The main products that Sri Lanka exported to Hungary were Raw Tobacco ($28M), Processed Tobacco ($21.6M), and Scales ($1.86M). Over the past 5 years the exports of Sri Lanka to Hungary have increased at an annualized rate of 5.63%, from $46.8M in 2017 to $61.5M in 2022.

In 2022, Sri Lanka did not export any services to Hungary.

Hungary-Sri Lanka Trade: In 2022, Hungary exported $17M to Sri Lanka. The main products that Hungary exported to Sri Lanka were Iron Structures ($5.25M), Scented Mixtures ($2.91M), and Other Processed Fruits and Nuts ($2.77M). Over the past 5 years the exports of Hungary to Sri Lanka have increased at an annualized rate of 7.98%,  from $10.7M in 2017 to $17M in 2022.

In 2022, Hungary did not export any services to Sri Lanka.

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). 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, Sri Lanka exported $61.5M to Hungary. The main products exported from Sri Lanka to Hungary were Raw Tobacco ($28M), Processed Tobacco ($21.6M), and Scales ($1.86M). During the last 5 years the exports of Sri Lanka to Hungary have increased at an annualized rate of 5.63%, from $46.8M in 2017 to $61.5M in 2022.

In 2017, Hungary exported $17M to Sri Lanka. The main products exported from Hungary to Sri Lanka were Iron Structures ($5.25M), Scented Mixtures ($2.91M), and Other Processed Fruits and Nuts ($2.77M). During the last 5 years the exports of Hungary to Sri Lanka have increased at an annualized rate of 7.98%, from $10.7M in 2022 to $17M in 2017.

Exports from Sri Lanka (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Sri Lanka (Flag) (2022)

Latest Data

Trade between Sri Lanka (Flag) and Hungary (Flag)

Sri Lanka Exports

Date

Hungary Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Sri Lanka than Hungary included India ($1.12B), Bangladesh ($225M), and Maldives ($128M).

In 2022, countries that imported more from Hungary than Sri Lanka included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

Difference in imports from Hungary (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - Hungary

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Hungary in the exports of Foodstuffs ($50.2M), Machines ($3.29M), and Plastics and Rubbers ($2.12M).

During 2017, Hungary had a large net trade with Sri Lanka in the exports of Metals ($5.35M), Chemical Products ($4.41M), and Foodstuffs ($3.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Hungary+$1.02MRubber Tires
Top Product Potential Hungary Sri Lanka+$575kElectrical Control Boards

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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Economic Complexity

Competitive Landscape

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

Product Space of Sri Lanka (Flag) and Hungary (Flag) (2022)

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