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2022
Flag → Flag
Exports $1.52BRnk 8 / 200
2022
Flag → Flag
Top Product $203MRefined Petroleum
2022
Flag → Flag
Exports $1.97BRnk 19 / 205
2022
Flag → Flag
Top Product $264MElectricity
2022
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Economic Complexity (ECI) ECI 1.45Rnk 11 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
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GDP GROWTH33.4%CURRENT US$
Rnk 92 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $29,457CURRENT US$
Rnk 39 / 186
2012-2022
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GDP PC GROWTH30.1%CURRENT US$
Rnk 63 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Slovenia-Hungary Trade: In 2022, Slovenia exported $1.52B to Hungary. The main products that Slovenia exported to Hungary were Refined Petroleum ($203M), Electricity ($86.9M), and Packaged Medicaments ($84.6M). Over the past 5 years the exports of Slovenia to Hungary have increased at an annualized rate of 8.58%, from $1.01B in 2017 to $1.52B in 2022.

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 2022, Hungary exported $1.97B to Slovenia. The main products that Hungary exported to Slovenia were Electricity ($264M), Packaged Medicaments ($238M), and Broadcasting Equipment ($104M). Over the past 5 years the exports of Hungary to Slovenia have increased at an annualized rate of 12.5%,  from $1.09B in 2017 to $1.97B in 2022.

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 2022,  Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B). 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, Slovenia exported $1.52B to Hungary. The main products exported from Slovenia to Hungary were Refined Petroleum ($203M), Electricity ($86.9M), and Packaged Medicaments ($84.6M). During the last 5 years the exports of Slovenia to Hungary have increased at an annualized rate of 8.58%, from $1.01B in 2017 to $1.52B in 2022.

In 2017, Hungary exported $1.97B to Slovenia. The main products exported from Hungary to Slovenia were Electricity ($264M), Packaged Medicaments ($238M), and Broadcasting Equipment ($104M). During the last 5 years the exports of Hungary to Slovenia have increased at an annualized rate of 12.5%, from $1.09B in 2022 to $1.97B in 2017.

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

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

Latest Data

Trade between Slovenia (Flag) and Hungary (Flag)

Slovenia Exports

Hungary Exports

Market Competitiveness

Color
Slovenia
Top DestinationSwitzerland$9.92B
Hungary
Top DestinationGermany$35.5B

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 2022, countries that imported more from Slovenia than Hungary included Switzerland ($9.92B), Croatia ($4.68B), and Bosnia and Herzegovina ($958M).

In 2022, countries that imported more from Hungary than Slovenia included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

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

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 2022, Slovenia had a large net trade with Hungary in the exports of Machines ($344M), Mineral Products ($296M), and Chemical Products ($259M).

During 2017, Hungary had a large net trade with Slovenia in the exports of Mineral Products ($404M), Chemical Products ($385M), and Machines ($353M).

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) (2022)

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