2022
Exports
$22.7MWorld Rnk 36 / 182
Flag Rnk 400 / 1206
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$230MWorld Rnk 16 / 216
Flag Rnk 127 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $22.7M in Electromagnets, making it the 36th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 400th most exported product in Hungary. The main destination of Electromagnets exports from Hungary are: Germany ($10.3M), Sweden ($1.69M), Poland ($1.4M), China ($1.39M), and Ukraine ($978k).

The fastest growing export markets for Electromagnets of Hungary between 2021 and 2022 were Germany ($2.26M), Sweden ($1.6M), and China ($954k).

Imports In 2022, Hungary imported $230M in Electromagnets, becoming the 16th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 127th most imported product in Hungary. Hungary imports Electromagnets primarily from: China ($71.5M), Germany ($61.2M), South Korea ($16.5M), Turkey ($13.3M), and Austria ($9.99M).

The fastest growing import markets in Electromagnets for Hungary between 2021 and 2022 were China ($18.7M), Italy ($5.96M), and Turkey ($4.98M).

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 Electromagnets. 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)$22.7M
IMPORTS (2022)$230M
NET TRADE (2022)-$207M

In 2022, Hungary exported $22.7M in Electromagnets. The main destinations of Hungary exports on Electromagnets were Germany ($10.3M), Sweden ($1.69M), Poland ($1.4M), China ($1.39M), and Ukraine ($978k).

In 2022, Hungary imported $230M in Electromagnets, mainly from China ($71.5M), Germany ($61.2M), South Korea ($16.5M), Turkey ($13.3M), and Austria ($9.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$2.26M (28%)
Sweden$1.6M (1.86k%)
China$954k (219%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Hungary WERE (2021 - 2022):
United States-$240k (-46.8%)
France-$126k (-14.2%)
North Macedonia-$62.2k (-44.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Hungary's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.11M
TOP IMPORT POTENTIALChina+ $6.73M

Electromagnets’s highest export potential is Germany. With an export gap of $2.11M.   Electromagnets’s highest import potential is China with an import gap of $6.73M.

See methodology.

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