2022
Exports
$4.85MWorld Rnk 27 / 194
Flag Rnk 669 / 1206
2022
PRODUCT COMPLEXITY IN Cutlery Sets
-0.066Rnk 570 / 1025
2022
Imports
$13.5MWorld Rnk 49 / 218
Flag Rnk 632 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

Exports In 2022, Hungary exported $4.85M in Cutlery Sets, making it the 27th largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 669th most exported product in Hungary. The main destination of Cutlery Sets exports from Hungary are: Romania ($1.82M), Croatia ($400k), Slovakia ($379k), Serbia ($347k), and Bulgaria ($314k).

The fastest growing export markets for Cutlery Sets of Hungary between 2021 and 2022 were Bulgaria ($172k), Spain ($162k), and Serbia ($153k).

Imports In 2022, Hungary imported $13.5M in Cutlery Sets, becoming the 49th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 632nd most imported product in Hungary. Hungary imports Cutlery Sets primarily from: China ($6.68M), Germany ($1.81M), Poland ($1.26M), Italy ($1.22M), and Slovakia ($655k).

The fastest growing import markets in Cutlery Sets for Hungary between 2021 and 2022 were China ($2.83M), Germany ($252k), and Italy ($234k).

Latest Trends

Jul 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 Cutlery Sets. 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)$4.85M
IMPORTS (2022)$13.5M
NET TRADE (2022)-$8.66M

In 2022, Hungary exported $4.85M in Cutlery Sets. The main destinations of Hungary exports on Cutlery Sets were Romania ($1.82M), Croatia ($400k), Slovakia ($379k), Serbia ($347k), and Bulgaria ($314k).

In 2022, Hungary imported $13.5M in Cutlery Sets, mainly from China ($6.68M), Germany ($1.81M), Poland ($1.26M), Italy ($1.22M), and Slovakia ($655k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Bulgaria$172k (121%)
Spain$162k (500%)
Serbia$153k (79%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY Hungary WERE (2021 - 2022):
Slovakia-$142k (-27.2%)
Belarus-$75.5k (-78%)
Netherlands-$61k (-23.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $148k
TOP IMPORT POTENTIALChina+ $1.31M

Cutlery Sets’s highest export potential is Italy. With an export gap of $148k.   Cutlery Sets’s highest import potential is China with an import gap of $1.31M.

See methodology.

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