Czechia-Hungary Bilateral Trade Analysis 2023
Complete trade statistics: $14.66B total volume •Czechia surplus: $1.46B
Czechia → Hungary
$8.06B
Exports (2023)
Hungary → Czechia
$6.60B
Imports (2023)
Trade Balance
$1.46B
Surplus for Czechia
Total Trade
$14.66B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Czechia and Hungary. Green line shows exports from Czechia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Czechia-Hungary commercial relationship and competitive positioning in global markets.
Czechia → Hungary Exports
Export Market Intelligence
🎯 Strategic Export Focus
Czechia's export portfolio to Hungary demonstrates strong diversification across multiple sectors, with telephones for cellular networks or for other wireless networks representing a key competitive advantage in this bilateral market.
Hungary → Czechia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Czechia's import pattern from Hungary reveals strategic sourcingin electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Czechia demonstrates competitive strength in exportingtelephones for cellular networks or for other wireless networks to Hungary, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $14.66B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Czechia-Hungary Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $14.66 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Czechia maintains a surplus of $1.46 billion
- Export Focus: Czechia's primary exports include telephones for cellular networks or for other wireless networks, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power
- Import Dependencies: Key imports from Hungary include electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds, engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $14.66B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Czechia leveraging its comparative advantages in telephones for cellular networks or for other wireless networks.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Czechia's specialization in telephones for cellular networks or for other wireless networkscomplements Hungary's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $14.66B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $14.66B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $14.66 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in telephones for cellular networks or for other wireless networks and electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Czechia's trade surplus of $1.46 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Czechia and Hungary represents a total trade volume of $14.66 billion in 2023. This partnership demonstrates a favorable trade balance for Czechia, with exports exceeding importsby $1.46 billion.
Export Strengths
Czechia's exports to Hungary total $8.06 billion, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $1.06B or13.1% of bilateral exports.
Import Dependencies
Imports from Hungary amount to $6.60 billion, highlighting economic interdependence in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), with Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) comprising15.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Czechia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Czechia and Hungary in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023