2022
Exports
$517MWorld Rnk 26 / 222
Flag Rnk 58 / 1206
2022
PRODUCT COMPLEXITY IN Other Iron Products
0.8Rnk 243 / 1025
2022
Imports
$898MWorld Rnk 24 / 225
Flag Rnk 32 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $517M in Other Iron Products, making it the 26th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 58th most exported product in Hungary. The main destination of Other Iron Products exports from Hungary are: Germany ($174M), Austria ($52.9M), Poland ($41.5M), Turkey ($31M), and Czechia ($23M).

The fastest growing export markets for Other Iron Products of Hungary between 2021 and 2022 were Poland ($13.4M), Germany ($8.61M), and Austria ($3.48M).

Imports In 2022, Hungary imported $898M in Other Iron Products, becoming the 24th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 32nd most imported product in Hungary. Hungary imports Other Iron Products primarily from: Germany ($225M), China ($79.7M), Slovakia ($66.4M), Czechia ($61.9M), and Poland ($60.5M).

The fastest growing import markets in Other Iron Products for Hungary between 2021 and 2022 were China ($47M), Slovakia ($23.7M), and Germany ($15M).

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 Iron Products. 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)$517M
IMPORTS (2022)$898M
NET TRADE (2022)-$381M

In 2022, Hungary exported $517M in Other Iron Products. The main destinations of Hungary exports on Other Iron Products were Germany ($174M), Austria ($52.9M), Poland ($41.5M), Turkey ($31M), and Czechia ($23M).

In 2022, Hungary imported $898M in Other Iron Products, mainly from Germany ($225M), China ($79.7M), Slovakia ($66.4M), Czechia ($61.9M), and Poland ($60.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Poland$13.4M (47.8%)
Germany$8.61M (5.2%)
Austria$3.48M (7.03%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Hungary WERE (2021 - 2022):
Turkey-$15.2M (-33%)
Japan-$5.8M (-45.5%)
United Kingdom-$4.45M (-33.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $25.5M
TOP IMPORT POTENTIALChina+ $47.9M

Other Iron Products’s highest export potential is Germany. With an export gap of $25.5M.   Other Iron Products’s highest import potential is China with an import gap of $47.9M.

See methodology.

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