2023
Exports
$384MWorld Rnk 25 / 215
Flag Rnk 78 / 1203
2023
PRODUCT COMPLEXITY IN Chemical Analysis Instruments
1.72Rnk 22 / 1025
2023
Imports
$299MWorld Rnk 34 / 225
Flag Rnk 94 / 1211
2023
ECONOMIC COMPLEXITY of Hungary
1.41Rnk 14 / 132

About

Exports In 2023, Hungary exported $384M in Chemical Analysis Instruments, making it the 25th largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 78th most exported product in Hungary. The main destination of Chemical Analysis Instruments exports from Hungary are: Germany ($97.6M), United States ($55.3M), Romania ($36.7M), China ($27.2M), and Switzerland ($19.1M).

The fastest growing export markets for Chemical Analysis Instruments of Hungary between 2022 and 2023 were Romania ($25.3M), Germany ($5M), and Turkey ($1.91M).

Imports In 2023, Hungary imported $299M in Chemical Analysis Instruments, becoming the 34th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 94th most imported product in Hungary. Hungary imports Chemical Analysis Instruments primarily from: Germany ($84.5M), Romania ($50.5M), Japan ($26.7M), Netherlands ($26.5M), and United States ($26.3M).

The fastest growing import markets in Chemical Analysis Instruments for Hungary between 2022 and 2023 were Germany ($29.5M), Japan ($13.5M), and Czechia ($10.8M).

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 Chemical Analysis Instruments. 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)$384M
IMPORTS (2023)$299M
NET TRADE (2023)$85.8M

In 2023, Hungary exported $384M in Chemical Analysis Instruments. The main destinations of Hungary exports on Chemical Analysis Instruments were Germany ($97.6M), United States ($55.3M), Romania ($36.7M), China ($27.2M), and Switzerland ($19.1M).

In 2023, Hungary imported $299M in Chemical Analysis Instruments, mainly from Germany ($84.5M), Romania ($50.5M), Japan ($26.7M), Netherlands ($26.5M), and United States ($26.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Hungary WERE (2022 - 2023):
Romania$25.3M (224%)
Germany$5M (5.41%)
Turkey$1.91M (38.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Hungary WERE (2022 - 2023):
Singapore-$2.25M (-60.2%)
United Kingdom-$2.25M (-26.2%)
Italy-$1.99M (-11.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hungary's main exporting competitors in Chemical Analysis Instruments were:
In 2023, Hungary's main importing competitors in Chemical Analysis Instruments were:

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Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.6M
TOP IMPORT POTENTIALGermany+ $12.5M

Chemical Analysis Instruments’s highest export potential is United States. With an export gap of $29.6M.   Chemical Analysis Instruments’s highest import potential is Germany with an import gap of $12.5M.

See methodology.

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