2022
Exports
$428MWorld Rnk 11 / 209
Flag Rnk 70 / 1206
2022
PRODUCT COMPLEXITY IN Electrical Ignitions
0.62Rnk 310 / 1025
2022
Imports
$319MWorld Rnk 17 / 223
Flag Rnk 95 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $428M in Electrical Ignitions, making it the 11th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 70th most exported product in Hungary. The main destination of Electrical Ignitions exports from Hungary are: Germany ($118M), Spain ($45.6M), Italy ($40.8M), France ($37.5M), and Romania ($32M).

The fastest growing export markets for Electrical Ignitions of Hungary between 2021 and 2022 were France ($7.63M), Spain ($6.44M), and Poland ($6.4M).

Imports In 2022, Hungary imported $319M in Electrical Ignitions, becoming the 17th largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 95th most imported product in Hungary. Hungary imports Electrical Ignitions primarily from: Germany ($51.6M), China ($45.4M), Romania ($29.5M), Italy ($28.3M), and Czechia ($23.3M).

The fastest growing import markets in Electrical Ignitions for Hungary between 2021 and 2022 were Japan ($5.04M), Portugal ($4.35M), and Czechia ($2.78M).

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 Ignitions. 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)$428M
IMPORTS (2022)$319M
NET TRADE (2022)$109M

In 2022, Hungary exported $428M in Electrical Ignitions. The main destinations of Hungary exports on Electrical Ignitions were Germany ($118M), Spain ($45.6M), Italy ($40.8M), France ($37.5M), and Romania ($32M).

In 2022, Hungary imported $319M in Electrical Ignitions, mainly from Germany ($51.6M), China ($45.4M), Romania ($29.5M), Italy ($28.3M), and Czechia ($23.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
France$7.63M (25.6%)
Spain$6.44M (16.5%)
Poland$6.4M (61.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Hungary WERE (2021 - 2022):
United States-$12.1M (-57.4%)
Italy-$8.65M (-17.5%)
Czechia-$8.46M (-25.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Electrical Ignitions were:
In 2022, Hungary's main importing competitors in Electrical Ignitions were:

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Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.3M
TOP IMPORT POTENTIALChina+ $8.1M

Electrical Ignitions’s highest export potential is United States. With an export gap of $22.3M.   Electrical Ignitions’s highest import potential is China with an import gap of $8.1M.

See methodology.

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