2022
Exports
$429MWorld Rnk 24 / 214
Flag Rnk 69 / 1206
2022
PRODUCT COMPLEXITY IN Chemical Analysis Instruments
1.69Rnk 26 / 1025
2022
Imports
$229MWorld Rnk 37 / 225
Flag Rnk 128 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $429M in Chemical Analysis Instruments, making it the 24th largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 69th most exported product in Hungary. The main destination of Chemical Analysis Instruments exports from Hungary are: Germany ($97.3M), United States ($63.1M), Turkey ($41.5M), China ($38.2M), and Italy ($20.4M).

The fastest growing export markets for Chemical Analysis Instruments of Hungary between 2021 and 2022 were Turkey ($13.9M), China ($10.8M), and Chinese Taipei ($5.46M).

Imports In 2022, Hungary imported $229M in Chemical Analysis Instruments, becoming the 37th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 128th most imported product in Hungary. Hungary imports Chemical Analysis Instruments primarily from: Germany ($54.7M), Romania ($54.2M), United States ($20.5M), Netherlands ($18.6M), and Japan ($15.6M).

The fastest growing import markets in Chemical Analysis Instruments for Hungary between 2021 and 2022 were Czechia ($9.57M), Singapore ($6.34M), and Switzerland ($2.16M).

Latest Trends

Oct 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 (2022)$429M
IMPORTS (2022)$229M
NET TRADE (2022)$200M

In 2022, Hungary exported $429M in Chemical Analysis Instruments. The main destinations of Hungary exports on Chemical Analysis Instruments were Germany ($97.3M), United States ($63.1M), Turkey ($41.5M), China ($38.2M), and Italy ($20.4M).

In 2022, Hungary imported $229M in Chemical Analysis Instruments, mainly from Germany ($54.7M), Romania ($54.2M), United States ($20.5M), Netherlands ($18.6M), and Japan ($15.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Turkey$13.9M (50.2%)
China$10.8M (39.5%)
Chinese Taipei$5.46M (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Hungary WERE (2021 - 2022):
Romania-$6.31M (-26.4%)
Switzerland-$4.35M (-18%)
Italy-$4.25M (-17.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Chemical Analysis Instruments were:
In 2022, 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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