2022
Exports
$478MWorld Rnk 23 / 212
Flag Rnk 64 / 1206
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$41MWorld Rnk 57 / 187
Flag Rnk 414 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $478M in Scrap Iron, making it the 23rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 64th most exported product in Hungary. The main destination of Scrap Iron exports from Hungary are: Italy ($222M), Croatia ($61.6M), Austria ($51.1M), Slovenia ($50.2M), and Slovakia ($24.8M).

The fastest growing export markets for Scrap Iron of Hungary between 2021 and 2022 were Poland ($6.81M), Croatia ($5.42M), and Netherlands ($2.89M).

Imports In 2022, Hungary imported $41M in Scrap Iron, becoming the 57th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 414th most imported product in Hungary. Hungary imports Scrap Iron primarily from: Slovakia ($26.2M), Romania ($3.82M), Germany ($3.3M), Austria ($2.21M), and Italy ($2.09M).

The fastest growing import markets in Scrap Iron for Hungary between 2021 and 2022 were Germany ($821k), Slovenia ($334k), and Poland ($315k).

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 Scrap Iron. 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)$478M
IMPORTS (2022)$41M
NET TRADE (2022)$437M

In 2022, Hungary exported $478M in Scrap Iron. The main destinations of Hungary exports on Scrap Iron were Italy ($222M), Croatia ($61.6M), Austria ($51.1M), Slovenia ($50.2M), and Slovakia ($24.8M).

In 2022, Hungary imported $41M in Scrap Iron, mainly from Slovakia ($26.2M), Romania ($3.82M), Germany ($3.3M), Austria ($2.21M), and Italy ($2.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Poland$6.81M (69%)
Croatia$5.42M (9.64%)
Netherlands$2.89M (226%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Hungary WERE (2021 - 2022):
Italy-$45.9M (-17.2%)
Romania-$10.9M (-77.4%)
Slovakia-$5.9M (-19.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Scrap Iron were:
In 2022, Hungary's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $17.7M
TOP IMPORT POTENTIALGermany+ $2.97M

Scrap Iron’s highest export potential is Turkey. With an export gap of $17.7M.   Scrap Iron’s highest import potential is Germany with an import gap of $2.97M.

See methodology.

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