2022
Exports
$12.3BWorld Rnk 15 / 210
Flag Rnk 1 / 1206
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$3.96BWorld Rnk 34 / 224
Flag Rnk 4 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $12.3B in Cars, making it the 15th 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 ($2.8B), United Kingdom ($1.13B), United States ($1.03B), Italy ($726M), and France ($547M).

The fastest growing export markets for Cars of Hungary between 2021 and 2022 were United Kingdom ($658M), United States ($617M), and Netherlands ($173M).

Imports In 2022, Hungary imported $3.96B in Cars, becoming the 34th largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Hungary. Hungary imports Cars primarily from: Germany ($1.16B), Czechia ($520M), Austria ($367M), Slovakia ($305M), and Spain ($294M).

The fastest growing import markets in Cars for Hungary between 2021 and 2022 were Austria ($85.6M), Spain ($63.5M), and South Korea ($53.1M).

Latest Trends

Mar 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 Cars. 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)$12.3B
IMPORTS (2022)$3.96B
NET TRADE (2022)$8.3B

In 2022, Hungary exported $12.3B in Cars. The main destinations of Hungary exports on Cars were Germany ($2.8B), United Kingdom ($1.13B), United States ($1.03B), Italy ($726M), and France ($547M).

In 2022, Hungary imported $3.96B in Cars, mainly from Germany ($1.16B), Czechia ($520M), Austria ($367M), Slovakia ($305M), and Spain ($294M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
United Kingdom$658M (138%)
United States$617M (151%)
Netherlands$173M (90.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Hungary WERE (2021 - 2022):
Germany-$1.67B (-37.3%)
Russia-$146M (-89%)
Ukraine-$115M (-58.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Cars were:
In 2022, Hungary's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

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