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2023
Flag → Flag
Exports $1.91BRnk 8 / 199
2023
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Top Product $220MRefined Petroleum
2023
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Exports $1.49BRnk 22 / 201
2023
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Top Product $164MElectricity
2023
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Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
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GDP GROWTH44.5%CURRENT US$
Rnk 88 / 195
2023
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 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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GDP PC $32,610CURRENT US$
Rnk 43 / 195
2013-2023
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GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195
2023
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GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Slovenia-Hungary Trade: In 2023, Slovenia exported $1.91B to Hungary. The main products that Slovenia exported to Hungary were Refined Petroleum ($220M), Electricity ($153M), and Packaged Medicaments ($104M). Over the past 5 years the exports of Slovenia to Hungary have increased at an annualized rate of 3.08%, from $1.64B in 2018 to $1.91B in 2023.

In 2020, Slovenia exported services to Hungary worth $180M, with Travel ($82.2M), Transportation ($43.4M), and Other business services ($38.6M) being the largest in terms of value.

Hungary-Slovenia Trade: In 2023, Hungary exported $1.49B to Slovenia. The main products that Hungary exported to Slovenia were Electricity ($164M), Packaged Medicaments ($107M), and Refined Petroleum ($91M). Over the past 5 years the exports of Hungary to Slovenia have increased at an annualized rate of 7.37%,  from $1.04B in 2018 to $1.49B in 2023.

In 2020, Hungary exported services to Slovenia worth $103M, with Other business services ($49.2M), Transportation ($36M), and Travel ($7.65M) being the largest in terms of value.

Comparison: In 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). 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
Value

In 2023, Slovenia exported $1.91B to Hungary. The main products exported from Slovenia to Hungary were Refined Petroleum ($220M), Electricity ($153M), and Packaged Medicaments ($104M). During the last 5 years the exports of Slovenia to Hungary have increased at an annualized rate of 3.08%, from $1.64B in 2018 to $1.91B in 2023.

In 2018, Hungary exported $1.49B to Slovenia. The main products exported from Hungary to Slovenia were Electricity ($164M), Packaged Medicaments ($107M), and Refined Petroleum ($91M). During the last 5 years the exports of Hungary to Slovenia have increased at an annualized rate of 7.37%, from $1.04B in 2023 to $1.49B in 2018.

Exports from Slovenia (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Slovenia (Flag) (2023)

Latest Data

Trade between Slovenia (Flag) and Hungary (Flag)

Slovenia Exports

Hungary Exports

Market Competitiveness

Color
Slovenia
Top DestinationSwitzerland$13.5B
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Slovenia than Hungary included Switzerland ($13.5B), Croatia ($4.85B), and Bosnia and Herzegovina ($706M).

In 2023, countries that imported more from Hungary than Slovenia included Germany ($37.4B), Romania ($8.43B), and Slovakia ($6.54B).

Difference in imports from Hungary (Flag) and Slovenia (Flag) (2023)

Comparative Advantage Slovenia - Hungary

Flow
Scale

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

During 2023, Slovenia had a large net trade with Hungary in the exports of Mineral Products ($384M), Machines ($333M), and Chemical Products ($298M).

During 2018, Hungary had a large net trade with Slovenia in the exports of Mineral Products ($295M), Metals ($192M), and Chemical Products ($191M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia Hungary+$71.1MPackaged Medicaments
Top Product Potential Hungary Slovenia+$64.9MPackaged Medicaments

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

In 2020, Slovenia exported services to Hungary worth $180M, with Travel ($82.2M), Transportation ($43.4M), and Other business services ($38.6M) being the largest in terms of value.

In 2020, Hungary exported services to Slovenia worth $103M, with Other business services ($49.2M), Transportation ($36M), and Travel ($7.65M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Slovenia (Flag) and Hungary (Flag) (2023)

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