2018
Exports
$353MWorld Rnk 29 / 213
Flag Rnk 87 / 1206
2022
PRODUCT COMPLEXITY IN Refrigerators
0.56Rnk 339 / 1025
2018
Imports
$346MWorld Rnk 41 / 224
Flag Rnk 89 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2018, Hungary exported $353M in Refrigerators, making it the 29th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 87th most exported product in Hungary. The main destination of Refrigerators exports from Hungary are: Germany ($79.2M), Sweden ($70M), Italy ($21.9M), Switzerland ($21M), and France ($17M).

The fastest growing export markets for Refrigerators of Hungary between 2021 and 2022 were Bulgaria ($6.21M), United States ($2.52M), and Turkey ($1.24M).

Imports In 2022, Hungary imported $346M in Refrigerators, becoming the 41st largest importer of Refrigerators in the world. At the same year, Refrigerators was the 89th most imported product in Hungary. Hungary imports Refrigerators primarily from: Italy ($51.6M), China ($44.6M), Poland ($34.8M), Germany ($28.9M), and Slovakia ($22.1M).

The fastest growing import markets in Refrigerators for Hungary between 2021 and 2022 were Hong Kong ($5.81M), South Korea ($5.67M), and Austria ($4.93M).

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 Refrigerators. 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)$353M
IMPORTS (2022)$346M
NET TRADE (2022)$6.85M

In 2022, Hungary exported $353M in Refrigerators. The main destinations of Hungary exports on Refrigerators were Germany ($79.2M), Sweden ($70M), Italy ($21.9M), Switzerland ($21M), and France ($17M).

In 2022, Hungary imported $346M in Refrigerators, mainly from Italy ($51.6M), China ($44.6M), Poland ($34.8M), Germany ($28.9M), and Slovakia ($22.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Bulgaria$6.21M (160%)
United States$2.52M (31.9%)
Turkey$1.24M (226%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Hungary WERE (2021 - 2022):
Sweden-$8.65M (-11%)
France-$8.33M (-32.8%)
Austria-$3.8M (-52.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, Hungary's main importing competitors in Refrigerators were:

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $19.5M
TOP IMPORT POTENTIALChina+ $25.3M

Refrigerators’s highest export potential is Germany. With an export gap of $19.5M.   Refrigerators’s highest import potential is China with an import gap of $25.3M.

See methodology.

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