2022
Exports
$445MWorld Rnk 24 / 209
Flag Rnk 67 / 1206
2022
PRODUCT COMPLEXITY IN Other Heating Machinery
1.15Rnk 116 / 1025
2022
Imports
$333MWorld Rnk 33 / 225
Flag Rnk 92 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $445M in Other Heating Machinery, making it the 24th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 67th most exported product in Hungary. The main destination of Other Heating Machinery exports from Hungary are: Germany ($158M), Austria ($22.9M), France ($20.8M), Netherlands ($20.1M), and United States ($19.1M).

The fastest growing export markets for Other Heating Machinery of Hungary between 2021 and 2022 were Germany ($19.1M), Poland ($5.92M), and Saudi Arabia ($4.97M).

Imports In 2022, Hungary imported $333M in Other Heating Machinery, becoming the 33rd largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 92nd most imported product in Hungary. Hungary imports Other Heating Machinery primarily from: Romania ($63.5M), Germany ($57.7M), Italy ($37.3M), South Korea ($26M), and China ($16.8M).

The fastest growing import markets in Other Heating Machinery for Hungary between 2021 and 2022 were South Korea ($10.9M), United Arab Emirates ($10.2M), and Switzerland ($6.18M).

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 Other Heating Machinery. 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)$445M
IMPORTS (2022)$333M
NET TRADE (2022)$112M

In 2022, Hungary exported $445M in Other Heating Machinery. The main destinations of Hungary exports on Other Heating Machinery were Germany ($158M), Austria ($22.9M), France ($20.8M), Netherlands ($20.1M), and United States ($19.1M).

In 2022, Hungary imported $333M in Other Heating Machinery, mainly from Romania ($63.5M), Germany ($57.7M), Italy ($37.3M), South Korea ($26M), and China ($16.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$19.1M (13.8%)
Poland$5.92M (77.7%)
Saudi Arabia$4.97M (159%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Hungary WERE (2021 - 2022):
Russia-$21.3M (-56.5%)
China-$15.8M (-58.1%)
Uruguay-$14.5M (-98.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Other Heating Machinery were:
In 2022, Hungary's main importing competitors in Other Heating Machinery were:

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24M
TOP IMPORT POTENTIALChina+ $14.9M

Other Heating Machinery’s highest export potential is United States. With an export gap of $24M.   Other Heating Machinery’s highest import potential is China with an import gap of $14.9M.

See methodology.

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