2022
Exports
$22MWorld Rnk 28 / 180
Flag Rnk 405 / 1206
2022
PRODUCT COMPLEXITY IN Tufted Carpets
0.096Rnk 524 / 1025
2022
Imports
$49.2MWorld Rnk 33 / 215
Flag Rnk 377 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $22M in Tufted Carpets, making it the 28th largest exporter of Tufted Carpets in the world. At the same year, Tufted Carpets was the 405th most exported product in Hungary. The main destination of Tufted Carpets exports from Hungary are: Germany ($9.02M), Romania ($2.84M), United Kingdom ($2.7M), Japan ($1.64M), and France ($1.34M).

The fastest growing export markets for Tufted Carpets of Hungary between 2021 and 2022 were Japan ($1.18M), Spain ($602k), and United Kingdom ($378k).

Imports In 2022, Hungary imported $49.2M in Tufted Carpets, becoming the 33rd largest importer of Tufted Carpets in the world. At the same year, Tufted Carpets was the 377th most imported product in Hungary. Hungary imports Tufted Carpets primarily from: Netherlands ($15.3M), Poland ($6.49M), Belgium ($6.22M), Germany ($3.59M), and Austria ($3.58M).

The fastest growing import markets in Tufted Carpets for Hungary between 2021 and 2022 were Poland ($1.48M), Italy ($1.37M), and Netherlands ($1.1M).

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 Tufted Carpets. 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
EXPORTS (2022)$22M
IMPORTS (2022)$49.2M
NET TRADE (2022)-$27.2M

In 2022, Hungary exported $22M in Tufted Carpets. The main destinations of Hungary exports on Tufted Carpets were Germany ($9.02M), Romania ($2.84M), United Kingdom ($2.7M), Japan ($1.64M), and France ($1.34M).

In 2022, Hungary imported $49.2M in Tufted Carpets, mainly from Netherlands ($15.3M), Poland ($6.49M), Belgium ($6.22M), Germany ($3.59M), and Austria ($3.58M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tufted Carpets EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Japan$1.18M (258%)
Spain$602k (1.8k%)
United Kingdom$378k (16.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tufted Carpets BY Hungary WERE (2021 - 2022):
Finland-$537k (-63%)
Germany-$408k (-4.32%)
Russia-$234k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Tufted Carpets were:
In 2022, Hungary's main importing competitors in Tufted Carpets were:

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Trade Value of Tufted Carpets by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $1.08M
TOP IMPORT POTENTIALChina+ $1.56M

Tufted Carpets’s highest export potential is United Kingdom. With an export gap of $1.08M.   Tufted Carpets’s highest import potential is China with an import gap of $1.56M.

See methodology.

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