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Pricing

2022
Exports $55.6MWorld Rnk 4 / 130
Flag Rnk 280 / 1206
2022
Destination $4.27M Germany
2021 - 2022
FASTEST GROWING MARKET $4.27MGermany
2022
PRODUCT COMPLEXITY IN Tobacco Processing Machines-0.19Rnk 613 / 1025
2022
Imports $40.6MWorld Rnk 9 / 175
Flag Rnk 416 / 1210
2022
Origin $8.95M Italy
2021 - 2022
FASTEST GROWING ORIGIN $8.95MItaly
2022
ECONOMIC COMPLEXITY of Hungary1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $55.6M in Tobacco Processing Machines, making it the 4th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 280th most exported product in Hungary. The main destination of Tobacco Processing Machines exports from Hungary are: Germany ($28.6M), South Korea ($4.6M), Italy ($3.6M), United States ($3.03M), and China ($2.72M).

The fastest growing export markets for Tobacco Processing Machines of Hungary between 2021 and 2022 were Germany ($4.27M), South Korea ($3.81M), and United States ($1.84M).

Imports In 2022, Hungary imported $40.6M in Tobacco Processing Machines, becoming the 9th largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 416th most imported product in Hungary. Hungary imports Tobacco Processing Machines primarily from: Italy ($14.1M), Netherlands ($13.8M), Germany ($9.58M), United States ($1.05M), and Czechia ($923k).

The fastest growing import markets in Tobacco Processing Machines for Hungary between 2021 and 2022 were Italy ($8.95M), Netherlands ($6.5M), and United States ($1.03M).

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 Tobacco Processing Machines. 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)$55.6M
IMPORTS (2022)$40.6M
NET TRADE (2022)$15M

In 2022, Hungary exported $55.6M in Tobacco Processing Machines. The main destinations of Hungary exports on Tobacco Processing Machines were Germany ($28.6M), South Korea ($4.6M), Italy ($3.6M), United States ($3.03M), and China ($2.72M).

In 2022, Hungary imported $40.6M in Tobacco Processing Machines, mainly from Italy ($14.1M), Netherlands ($13.8M), Germany ($9.58M), United States ($1.05M), and Czechia ($923k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Germany$4.27M (17.5%)
South Korea$3.81M (487%)
United States$1.84M (155%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY Hungary WERE (2021 - 2022):
Russia-$9.62M (-100%)
France-$3.12M (-100%)
Lebanon-$2.2M (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Tobacco Processing Machines were:
Germany $358M
Italy $199M
Netherlands $77.9M
In 2022, Hungary's main importing competitors in Tobacco Processing Machines were:
Indonesia $97.3M
China $90.5M
United States $83.3M

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.02M
TOP IMPORT POTENTIALPoland+ $295k

Tobacco Processing Machines’s highest export potential is China. With an export gap of $1.02M.   Tobacco Processing Machines’s highest import potential is Poland with an import gap of $295k.

See methodology.

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