Tobacco Processing Machines in Hungary

EXPORTS (2018): $148M, World Rnk 3 / 101
Flag Rnk 150 / 1175

TOP DESTINATION (2018): $94.4M, Germany

FASTEST GROWING MARKET (2017 - 2018): $6.04M, Romania

IMPORTS (2018): $24.1M, World Rnk 19 / 157
Flag Rnk 470 / 1198

TOP ORIGIN (2018): $17M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $1.27M, Germany

ECONOMIC COMPLEXITY of Hungary (2018): 1.44, Rnk 14 / 137

PRODUCT COMPLEXITY  IN Tobacco Processing Machines (2018): -0.14, Rnk 591 / 1018

Overview: This page contains the latest trade data of Tobacco Processing Machines in Hungary.

Exports: In 2018, Hungary exported $148M in Tobacco Processing Machines, making it the 3rd largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 150th most exported product in Hungary. The main destination of Tobacco Processing Machines exports from Hungary are: Germany ($94.4M), United Kingdom ($9.51M), Romania ($6.14M), Lebanon ($4.79M), and Italy ($4.2M).

The fastest growing export markets for Tobacco Processing Machines of Hungary between 2017 and 2018 were Romania ($6.04M), Lebanon ($4.78M), and Argentina ($2.6M).

Imports: In 2018, Hungary imported $24.1M in Tobacco Processing Machines, becoming the 19th largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 470th most imported product in Hungary. Hungary imports Tobacco Processing Machines primarily from: Germany ($17M), Netherlands ($3.73M), Russia ($1.05M), Italy ($499k), and United Kingdom ($287k).

The fastest growing import markets in Tobacco Processing Machines for Hungary between 2017 and 2018 were Germany ($1.27M), Russia ($1.04M), and Finland ($236k).

Tariffs: In 2002, the average tariff for Hungary in Tobacco Processing Machines was 7%. The countries with the highest import tariffs for Tobacco Processing Machines were Angola (7%), Burundi (7%), Benin (7%), Burkina Faso (7%), and Botswana (7%).

Value

EXPORTS (2018): $148M

IMPORTS (2018): $24.1M

NET TRADE (2018): $123M

In 2018, Hungary exported $148M in Tobacco Processing Machines. The main destinations of Hungary exports on Tobacco Processing Machines were Germany ($94.4M), United Kingdom ($9.51M), Romania ($6.14M), Lebanon ($4.79M), and Italy ($4.2M).

In 2018, Hungary imported $24.1M in Tobacco Processing Machines, mainly from Germany ($17M), Netherlands ($3.73M), Russia ($1.05M), Italy ($499k), and United Kingdom ($287k).

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IN 2018, Hungary HAD A POSITIVE NET TRADE IN Tobacco Processing Machines WITH:

  • Germany, $77.4M ($94.4M - $17M)
  • United Kingdom, $9.22M ($9.51M - $287k)
  • Romania, $6.08M ($6.14M - $57.3k)

IN 2018, Hungary HAD A NEGATIVE NET TRADE IN Tobacco Processing Machines WITH:

  • Netherlands, -$3.73M ($0 - $3.73M)
  • Russia, -$995k ($50.4k - $1.05M)
  • Finland, -$236k ($0 - $236k)
Flow

THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR Hungary WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY Hungary WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Hungary's main exporting competitors in Tobacco Processing Machines were:

In 2018, Hungary's main importing competitors in Tobacco Processing Machines were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Tobacco Processing Machines in Hungary. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2002, the average tariff for Hungary in Tobacco Processing Machines was 7%.

The countries with the highest tariffs for Tobacco Processing Machines in Hungary were Angola (7%), Burundi (7%), Benin (7%), Burkina Faso (7%), and Botswana (7%).

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