2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
falseWorld Rnk 23 / 224
Flag Rnk 31 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported N/A in Electrical Control Boards, making it the 7th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 11th most exported product in Hungary. The main destination of Electrical Control Boards exports from Hungary are: Germany ($1.03B), Italy ($145M), Czechia ($119M), United States ($114M), and Poland ($113M).

The fastest growing export markets for Electrical Control Boards of Hungary between 2021 and 2022 were United States ($48.2M), France ($27.4M), and China ($24.6M).

Imports In 2022, Hungary imported $951M in Electrical Control Boards, becoming the 23rd largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 31st most imported product in Hungary. Hungary imports Electrical Control Boards primarily from: Germany ($195M), China ($164M), Hong Kong ($87.9M), Romania ($83M), and Thailand ($49.1M).

The fastest growing import markets in Electrical Control Boards for Hungary between 2021 and 2022 were Hong Kong ($56.4M), Germany ($41.3M), and Poland ($28.3M).

COMPANIES In 2023, leading companies such as Robert Bosch (33) were at the forefront of shipping Electrical Control Boards from Hungary to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electrical Control Boards. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$951M

In N/A, Hungary exported N/A in Electrical Control Boards. The main destinations of Hungary exports on Electrical Control Boards were Germany ($1.03B), Italy ($145M), Czechia ($119M), United States ($114M), and Poland ($113M).

In 2022, Hungary imported $951M in Electrical Control Boards, mainly from Germany ($195M), China ($164M), Hong Kong ($87.9M), Romania ($83M), and Thailand ($49.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United States$48.2M (73.3%)
France$27.4M (33.7%)
China$24.6M (49.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Hungary WERE (2021 - 2022):
Germany-$39.3M (-3.68%)
Sweden-$29M (-58.1%)
Slovakia-$28.2M (-25%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Hungary's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $98.7M
TOP IMPORT POTENTIALChina+ $34.8M

Electrical Control Boards’s highest export potential is United States. With an export gap of $98.7M.   Electrical Control Boards’s highest import potential is China with an import gap of $34.8M.

See methodology.

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