Serbia (SRB) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Serbia-Hungary In 2022, Serbia exported $1.69B to Hungary. The main products that Serbia exported to Hungary are Insulated Wire ($258M), Electricity ($210M), and Integrated Circuits ($76M). During the last 16 years the exports of Serbia to Hungary have increased at an annualized rate of 13.6%, from $221M in 2006 to $1.69B in 2022.

In 2019, Serbia exported services to Hungary worth $143M, with Transportation ($62.7M), Other business services ($45.9M), and Travel ($19M) being the largest in terms of value.

Hungary-Serbia In 2022, Hungary exported $3.42B to Serbia. The main products that Hungary exported to Serbia were Electricity ($808M), Petroleum Gas ($545M), and Broadcasting Equipment ($156M). During the last 16 years the exports of Hungary to Serbia have increased at an annualized rate of 10.4%, from $706M in 2006 to $3.42B in 2022.

In 2022, Hungary did not export any services to Serbia.

Comparison In 2022, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $1.69B to Hungary. The main products exported from Serbia to Hungary were Insulated Wire ($258M), Electricity ($210M), and Integrated Circuits ($76M). During the last 16 years the exports of Serbia to Hungary have increased at an annualized rate of 13.6%, from $221M in 2006 to $1.69B in 2022.

In 2022, Hungary exported $3.42B to Serbia. The main products exported from Hungary to Serbia were Electricity ($808M), Petroleum Gas ($545M), and Broadcasting Equipment ($156M). During the last 16 years the exports of Hungary to Serbia have increased at an annualized rate of 10.4%, from $706M in 2006 to $3.42B in 2022.

Exports from Serbia () to Hungary () (2022)

Exports from Hungary () to Serbia () (2022)

Latest Data

Trade between Serbia () and Hungary ()

Serbia Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Hungary
Top DestinationGermany$35.5B

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

In 2021, countries that imported more from Serbia than Hungary were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and North Macedonia ($1.03B).

In 2021, countries that imported more from Hungary than Serbia were Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

Difference in imports from Hungary () and Serbia () (2022)

Comparative Advantage Serbia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Hungary in the exports of Machines ($600M), Mineral Products ($308M), and Metals ($165M).

During 2022, Hungary had a large net trade with Serbia in the exports of Mineral Products ($1.54B), Machines ($541M), and Chemical Products ($308M).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Hungary worth $143M, with Transportation ($62.7M), Other business services ($45.9M), and Travel ($19M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Serbia has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Serbia.

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Historical Data

Bilateral Trade by Products

Exports from Serbia () to Hungary () (2022)

Exports from Hungary () to Serbia () (2022)

Latest Data

Trade between Serbia () and Hungary ()

Serbia Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Serbia () (2022)

Comparative Advantage Serbia - Hungary

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

Product Space of Serbia () and Hungary () (2022)

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