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Pricing

2022
Exports $10.4MWorld Rnk 39 / 158
Flag Rnk 537 / 1206
2022
Destination $742kN/A
2021 - 2022
FASTEST GROWING MARKET $742kBelgium
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $27.6MWorld Rnk 44 / 213
Flag Rnk 492 / 1210
2022
Origin $2.97M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.97MAustria
2022
ECONOMIC COMPLEXITY of Hungary1.38Rnk 14 / 133

About

The fastest growing export markets for Industrial Furnaces of Hungary between 2021 and 2022 were Belgium ($742k), France ($552k), and Austria ($512k).

Imports In 2022, Hungary imported $27.6M in Industrial Furnaces, becoming the 44th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 492nd most imported product in Hungary. Hungary imports Industrial Furnaces primarily from: Germany ($6.4M), Italy ($4.06M), Austria ($3.42M), France ($3.04M), and United Kingdom ($2.93M).

The fastest growing import markets in Industrial Furnaces for Hungary between 2021 and 2022 were Austria ($2.97M), France ($1.99M), and United Kingdom ($1.89M).

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 Industrial Furnaces. 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)$10.4M
IMPORTS (2022)$27.6M
NET TRADE (2022)-$17.2M

In 2022, Hungary imported $27.6M in Industrial Furnaces, mainly from Germany ($6.4M), Italy ($4.06M), Austria ($3.42M), France ($3.04M), and United Kingdom ($2.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Belgium$742k (42%)
France$552k (11.2k%)
Austria$512k (30.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Hungary WERE (2021 - 2022):
China-$641k (-100%)
Poland-$545k (-98.5%)
Slovenia-$411k (-69.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Hungary's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $577k
TOP IMPORT POTENTIALChina+ $1.99M

Industrial Furnaces’s highest export potential is Germany. With an export gap of $577k.   Industrial Furnaces’s highest import potential is China with an import gap of $1.99M.

See methodology.

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