Cars in Hungary

EXPORTS (2018): $11B, World Rnk 16 / 209
Flag Rnk 1 / 1175

TOP DESTINATION (2018): $3.27B, Germany

FASTEST GROWING MARKET (2017 - 2018): $166M, Netherlands

IMPORTS (2018): $4.59B, World Rnk 30 / 220
Flag Rnk 2 / 1198

TOP ORIGIN (2018): $1.36B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $174M, Germany

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

Overview: This page contains the latest trade data of Cars in Hungary.

Exports: In 2018, Hungary exported $11B in Cars, making it the 16th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Hungary. The main destination of Cars exports from Hungary are: Germany ($3.27B), Belgium-Luxembourg ($718M), United States ($665M), China ($630M), and France ($595M).

The fastest growing export markets for Cars of Hungary between 2017 and 2018 were Netherlands ($166M), Belgium-Luxembourg ($165M), and France ($145M).

Imports: In 2018, Hungary imported $4.59B in Cars, becoming the 30th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Hungary. Hungary imports Cars primarily from: Germany ($1.36B), Czechia ($496M), Spain ($399M), Poland ($300M), and Austria ($247M).

The fastest growing import markets in Cars for Hungary between 2017 and 2018 were Germany ($174M), Poland ($141M), and Belgium-Luxembourg ($118M).

Tariffs: In 2002, the average tariff for Hungary in Cars was 32.2%. The countries with the highest import tariffs for Cars were Angola (32.2%), Burundi (32.2%), Benin (32.2%), Burkina Faso (32.2%), and Botswana (32.2%).

Value

EXPORTS (2018): $11B

IMPORTS (2018): $4.59B

NET TRADE (2018): $6.45B

In 2018, Hungary exported $11B in Cars. The main destinations of Hungary exports on Cars were Germany ($3.27B), Belgium-Luxembourg ($718M), United States ($665M), China ($630M), and France ($595M).

In 2018, Hungary imported $4.59B in Cars, mainly from Germany ($1.36B), Czechia ($496M), Spain ($399M), Poland ($300M), and Austria ($247M).

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IN 2018, Hungary HAD A POSITIVE NET TRADE IN Cars WITH:

  • Germany, $1.91B ($3.27B - $1.36B)
  • United States, $649M ($665M - $15.4M)
  • China, $628M ($630M - $1.7M)

IN 2018, Hungary HAD A NEGATIVE NET TRADE IN Cars WITH:

  • Czechia, -$224M ($272M - $496M)
  • Poland, -$162M ($138M - $300M)
  • Sweden, -$65.2M ($20.1M - $85.2M)
Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Hungary WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars 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 Cars were:

In 2018, Hungary's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars 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 Cars was 32.2%.

The countries with the highest tariffs for Cars in Hungary were Angola (32.2%), Burundi (32.2%), Benin (32.2%), Burkina Faso (32.2%), and Botswana (32.2%).

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