2022
Exports
$524MWorld Rnk 28 / 216
Flag Rnk 57 / 1206
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$1.62BWorld Rnk 23 / 225
Flag Rnk 18 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $524M in Machinery Having Individual Functions, making it the 28th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 57th most exported product in Hungary. The main destination of Machinery Having Individual Functions exports from Hungary are: Germany ($180M), Austria ($59.9M), Belgium ($44.7M), United States ($35.1M), and Romania ($22.7M).

The fastest growing export markets for Machinery Having Individual Functions of Hungary between 2021 and 2022 were Germany ($20.7M), Romania ($4.41M), and Serbia ($3.9M).

Imports In 2022, Hungary imported $1.62B in Machinery Having Individual Functions, becoming the 23rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 18th most imported product in Hungary. Hungary imports Machinery Having Individual Functions primarily from: South Korea ($755M), Germany ($385M), China ($67.5M), Italy ($49.6M), and Austria ($48.3M).

The fastest growing import markets in Machinery Having Individual Functions for Hungary between 2021 and 2022 were South Korea ($199M), Switzerland ($18.1M), and Hong Kong ($9.27M).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Machinery Having Individual Functions. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$524M
IMPORTS (2022)$1.62B
NET TRADE (2022)-$1.1B

In 2022, Hungary exported $524M in Machinery Having Individual Functions. The main destinations of Hungary exports on Machinery Having Individual Functions were Germany ($180M), Austria ($59.9M), Belgium ($44.7M), United States ($35.1M), and Romania ($22.7M).

In 2022, Hungary imported $1.62B in Machinery Having Individual Functions, mainly from South Korea ($755M), Germany ($385M), China ($67.5M), Italy ($49.6M), and Austria ($48.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$20.7M (13%)
Romania$4.41M (24.2%)
Serbia$3.9M (54.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Hungary WERE (2021 - 2022):
Poland-$9.66M (-52.3%)
Slovakia-$6.26M (-44%)
United States-$5.61M (-13.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Hungary's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Hungary's main importing competitors in Machinery Having Individual Functions were:

Explore Visualizations

Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.6M
TOP IMPORT POTENTIALChina+ $41.7M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $31.6M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $41.7M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with