2022
Exports
$2.74MWorld Rnk 57 / 178
Flag Rnk 764 / 1206
2022
PRODUCT COMPLEXITY IN Precious Metal Watches
0.4Rnk 410 / 1025
2022
Imports
$16.6MWorld Rnk 55 / 208
Flag Rnk 594 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $2.74M in Precious Metal Watches, making it the 57th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 764th most exported product in Hungary. The main destination of Precious Metal Watches exports from Hungary are: Slovenia ($880k), Singapore ($471k), Switzerland ($219k), Italy ($190k), and Austria ($166k).

The fastest growing export markets for Precious Metal Watches of Hungary between 2021 and 2022 were Slovenia ($874k), Austria ($96.3k), and Australia ($71.4k).

Imports In 2022, Hungary imported $16.6M in Precious Metal Watches, becoming the 55th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 594th most imported product in Hungary. Hungary imports Precious Metal Watches primarily from: Switzerland ($7.47M), Italy ($3.41M), France ($1.92M), Czechia ($1.74M), and Cyprus ($413k).

The fastest growing import markets in Precious Metal Watches for Hungary between 2021 and 2022 were Switzerland ($1.18M), Montenegro ($124k), and Poland ($91.2k).

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 Precious Metal Watches. 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)$2.74M
IMPORTS (2022)$16.6M
NET TRADE (2022)-$13.8M

In 2022, Hungary exported $2.74M in Precious Metal Watches. The main destinations of Hungary exports on Precious Metal Watches were Slovenia ($880k), Singapore ($471k), Switzerland ($219k), Italy ($190k), and Austria ($166k).

In 2022, Hungary imported $16.6M in Precious Metal Watches, mainly from Switzerland ($7.47M), Italy ($3.41M), France ($1.92M), Czechia ($1.74M), and Cyprus ($413k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Slovenia$874k (14.4k%)
Austria$96.3k (137%)
Australia$71.4k (4.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Hungary WERE (2021 - 2022):
Germany-$1.26M (-94.9%)
Singapore-$947k (-66.8%)
Czechia-$733k (-94.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Precious Metal Watches were:
In 2022, Hungary's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $265k
TOP IMPORT POTENTIALSwitzerland+ $1.95M

Precious Metal Watches’s highest export potential is Italy. With an export gap of $265k.   Precious Metal Watches’s highest import potential is Switzerland with an import gap of $1.95M.

See methodology.

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