2022
Exports
$1.26BWorld Rnk 14 / 186
Flag Rnk 23 / 1206
2022
PRODUCT COMPLEXITY IN Combustion Engines
1.13Rnk 126 / 1025
2022
Imports
$89.8MWorld Rnk 50 / 220
Flag Rnk 264 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $1.26B in Combustion Engines, making it the 14th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 23rd most exported product in Hungary. The main destination of Combustion Engines exports from Hungary are: Germany ($629M), Mexico ($291M), Czechia ($131M), Slovakia ($116M), and Argentina ($81.2M).

The fastest growing export markets for Combustion Engines of Hungary between 2021 and 2022 were Mexico ($47.9M), United Kingdom ($852k), and United Arab Emirates ($338k).

Imports In 2022, Hungary imported $89.8M in Combustion Engines, becoming the 50th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 264th most imported product in Hungary. Hungary imports Combustion Engines primarily from: Spain ($37.4M), Germany ($25.6M), Italy ($7.57M), Poland ($5.28M), and Austria ($2.84M).

The fastest growing import markets in Combustion Engines for Hungary between 2021 and 2022 were Spain ($12.4M), Italy ($1.76M), and Canada ($1.08M).

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 Combustion Engines. 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)$1.26B
IMPORTS (2022)$89.8M
NET TRADE (2022)$1.17B

In 2022, Hungary exported $1.26B in Combustion Engines. The main destinations of Hungary exports on Combustion Engines were Germany ($629M), Mexico ($291M), Czechia ($131M), Slovakia ($116M), and Argentina ($81.2M).

In 2022, Hungary imported $89.8M in Combustion Engines, mainly from Spain ($37.4M), Germany ($25.6M), Italy ($7.57M), Poland ($5.28M), and Austria ($2.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Mexico$47.9M (19.7%)
United Kingdom$852k (1.54k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Hungary WERE (2021 - 2022):
Slovakia-$76.9M (-39.8%)
Argentina-$44M (-35.2%)
Germany-$18.8M (-2.91%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Combustion Engines were:
In 2022, Hungary's main importing competitors in Combustion Engines were:

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $5.43M
TOP IMPORT POTENTIALGermany+ $7.09M

Combustion Engines’s highest export potential is United Kingdom. With an export gap of $5.43M.   Combustion Engines’s highest import potential is Germany with an import gap of $7.09M.

See methodology.

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