Sierra Leone (SLE) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Sierra Leone-Hungary Trade: In 2022, Sierra Leone exported $198k to Hungary. The main products that Sierra Leone exported to Hungary were Titanium Ore ($196k), Broadcasting Equipment ($1.43k), and Used Clothing ($331). Over the past 5 years the exports of Sierra Leone to Hungary have increased at an annualized rate of 61.2%, from $18.2k in 2017 to $198k in 2022.

In 2022, Sierra Leone did not export any services to Hungary.

Hungary-Sierra Leone Trade: In 2022, Hungary exported $585k to Sierra Leone. The main products that Hungary exported to Sierra Leone were Poultry Meat ($541k), Cars ($42.4k), and Low-voltage Protection Equipment ($624). Over the past 5 years the exports of Hungary to Sierra Leone have decreased at an annualized rate of 6.6%, from $823k in 2017 to $585k in 2022.

In 2022, Hungary did not export any services to Sierra Leone.

Comparison In 2022, Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sierra Leone exported $198k to Hungary. The main products exported from Sierra Leone to Hungary were Titanium Ore ($196k), Broadcasting Equipment ($1.43k), and Used Clothing ($331). During the last 5 years the exports of Sierra Leone to Hungary have increased at an annualized rate of 61.2%, from $18.2k in 2017 to $198k in 2022.

In 2017, Hungary exported $585k to Sierra Leone. The main products exported from Hungary to Sierra Leone were Poultry Meat ($541k), Cars ($42.4k), and Low-voltage Protection Equipment ($624). During the last 5 years the exports of Hungary to Sierra Leone have decreased at an annualized rate of 6.6%, from $823k in 2022 to $585k in 2017.

Exports from Sierra Leone () to Hungary () (2022)

Exports from Hungary () to Sierra Leone () (2022)

Latest Data

Trade between Sierra Leone () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sierra Leone
Top DestinationChina$622M

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Sierra Leone than Hungary included Senegal ($14.5M).

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

Difference in imports from Hungary () and Sierra Leone () (2022)

Comparative Advantage Sierra Leone - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sierra Leone had a large net trade with Hungary in the exports of Mineral Products ($196k), Machines ($1.43k), and Textiles ($331).

During 2017, Hungary had a large net trade with Sierra Leone in the exports of Animal Products ($541k), Transportation ($42.4k), and Machines ($1.66k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sierra Leone Hungary+$103kTitanium Ore

Top Product Potential Hungary Sierra Leone+$210kPoultry Meat

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Sierra Leone () to Hungary () (2022)

Exports from Hungary () to Sierra Leone () (2022)

Latest Data

Trade between Sierra Leone () and Hungary ()

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Sierra Leone () (2022)

Comparative Advantage Sierra Leone - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sierra Leone () and Hungary () (2022)

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