2022
Exports
$27.5MWorld Rnk 26 / 187
Flag Rnk 374 / 1206
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.05Rnk 150 / 1025
2022
Imports
$22.9MWorld Rnk 35 / 220
Flag Rnk 531 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $27.5M in Opto-Electric Instrument Parts, making it the 26th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 374th most exported product in Hungary. The main destination of Opto-Electric Instrument Parts exports from Hungary are: Germany ($12M), Switzerland ($5.77M), Romania ($5.49M), Netherlands ($563k), and United Kingdom ($468k).

The fastest growing export markets for Opto-Electric Instrument Parts of Hungary between 2021 and 2022 were Germany ($941k), Netherlands ($499k), and Switzerland ($147k).

Imports In 2022, Hungary imported $22.9M in Opto-Electric Instrument Parts, becoming the 35th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 531st most imported product in Hungary. Hungary imports Opto-Electric Instrument Parts primarily from: Germany ($8.63M), Sweden ($7.81M), Italy ($1.16M), Netherlands ($686k), and Belgium ($521k).

The fastest growing import markets in Opto-Electric Instrument Parts for Hungary between 2021 and 2022 were Germany ($4.51M), Netherlands ($317k), and Italy ($311k).

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 Opto-Electric Instrument Parts. 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)$27.5M
IMPORTS (2022)$22.9M
NET TRADE (2022)$4.62M

In 2022, Hungary exported $27.5M in Opto-Electric Instrument Parts. The main destinations of Hungary exports on Opto-Electric Instrument Parts were Germany ($12M), Switzerland ($5.77M), Romania ($5.49M), Netherlands ($563k), and United Kingdom ($468k).

In 2022, Hungary imported $22.9M in Opto-Electric Instrument Parts, mainly from Germany ($8.63M), Sweden ($7.81M), Italy ($1.16M), Netherlands ($686k), and Belgium ($521k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$941k (8.49%)
Netherlands$499k (789%)
Switzerland$147k (2.62%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Hungary WERE (2021 - 2022):
United Kingdom-$695k (-59.8%)
France-$425k (-53.4%)
Thailand-$279k (-69.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Opto-Electric Instrument Parts were:
In 2022, Hungary's main importing competitors in Opto-Electric Instrument Parts were:

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $546k
TOP IMPORT POTENTIALUnited States+ $453k

Opto-Electric Instrument Parts’s highest export potential is United Kingdom. With an export gap of $546k.   Opto-Electric Instrument Parts’s highest import potential is United States with an import gap of $453k.

See methodology.

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