2023
Exports
$77.8MWorld Rnk 21 / 115
Flag Rnk 230 / 1203
2023
PRODUCT COMPLEXITY IN Aluminium Wire
-0.61Rnk 737 / 1025
2023
Imports
$104MWorld Rnk 15 / 193
Flag Rnk 220 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $77.8M in Aluminium Wire, making it the 21st largest exporter of Aluminium Wire in the world. At the same year, Aluminium Wire was the 230th most exported product in Hungary. The main destination of Aluminium Wire exports from Hungary are: Austria ($18.7M), Bosnia and Herzegovina ($11.6M), Slovakia ($9.03M), Germany ($7.52M), and Switzerland ($4.8M).

The fastest growing export markets for Aluminium Wire of Hungary between 2022 and 2023 were Austria ($2.34M), Bosnia and Herzegovina ($2.05M), and Estonia ($1.13M).

Imports In 2023, Hungary imported $104M in Aluminium Wire, becoming the 15th largest importer of Aluminium Wire in the world. At the same year, Aluminium Wire was the 220th most imported product in Hungary. Hungary imports Aluminium Wire primarily from: Romania ($31.3M), Italy ($15.3M), Netherlands ($12.9M), Poland ($10.9M), and Oman ($9.73M).

The fastest growing import markets in Aluminium Wire for Hungary between 2022 and 2023 were Poland ($10.7M), Romania ($6.63M), and Spain ($4M).

Latest Trends

Dec 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 Aluminium Wire. 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 (2023)$77.8M
IMPORTS (2023)$104M
NET TRADE (2023)-$26M

In 2023, Hungary exported $77.8M in Aluminium Wire. The main destinations of Hungary exports on Aluminium Wire were Austria ($18.7M), Bosnia and Herzegovina ($11.6M), Slovakia ($9.03M), Germany ($7.52M), and Switzerland ($4.8M).

In 2023, Hungary imported $104M in Aluminium Wire, mainly from Romania ($31.3M), Italy ($15.3M), Netherlands ($12.9M), Poland ($10.9M), and Oman ($9.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Aluminium Wire EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Austria$2.34M (14.3%)
Estonia$1.13M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Wire BY Hungary WERE (2022 - 2023):
Romania-$4.45M (-49.9%)
Croatia-$1.64M (-45.9%)
Serbia-$1.59M (-60.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Aluminium Wire were:
In 2023, Hungary's main importing competitors in Aluminium Wire were:

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Trade Value of Aluminium Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.67M
TOP IMPORT POTENTIALRussia+ $2.23M

Aluminium Wire’s highest export potential is United States. With an export gap of $2.67M.   Aluminium Wire’s highest import potential is Russia with an import gap of $2.23M.

See methodology.

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